Tipton Coseley Building Society Solicitor Panel Recently Asked Questions from members of the public
My mortgage broker has asked me for my law firm’s panel member for the Tipton Coseley Building Society conveyancing panel. What is the best way to discover this. I have called my local Tipton Coseley Building Society office but they don't know it.
the sensible thing to do is ask for this information from your solicitor. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Tipton Coseley Building Society.
I am purchasing a brand new apartment and my solicitor is informing me that she is duty bound to reveal incentives from the builder as her practice is on the Tipton Coseley Building Society conveyancing panel. I am on a tight deadline to exchange and I have no desire to prolong deal. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Tipton Coseley Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Tipton Coseley Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I note that you have a search directory identifying solicitors on the Tipton Coseley Building Society conveyancing panel. Do firms pay you a referral fee if I retain them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Tipton Coseley Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
My uncle passed away six months ago and as sole heir and executor was left the property. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Tipton Coseley Building Society , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Tipton Coseley Building Society will insist on your using a conveyancer on the Tipton Coseley Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Tipton Coseley Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Tipton Coseley Building Society mortgage is registered as a charge at the Land Registry.
I have agreed a price on a house I spoke to a conveyancer recommended by my uncle and he advised retaining a law firm approved by Tipton Coseley Building Society. The estate agent recommended two local firms so I asked Tipton Coseley Building Society if the 2 suggested solicitors are approved, which they are not. Tipton Coseley Building Society suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Tipton Coseley Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Tipton Coseley Building Society for conveyancing panel firms in your area. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Tipton Coseley Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Tipton Coseley Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Tipton Coseley Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
After much negotiation I have agreed a price on a house. My mortgage broker pressured me to appoint their lawyers I paid an upfront payment of 150. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Tipton Coseley Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Tipton Coseley Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Intending to buy a house with a mortgage with Tipton Coseley Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Tipton Coseley Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Tipton Coseley Building Society conveyancing panel