FAQs for the Tipton Coseley Building Society Solicitor Panel
from members of the public
My Solicitor is not on the Tipton Coseley Building Society Approved Panel. Can I still retain my preferred solicitor even though they are not on the Tipton Coseley Building Society list of approved lawyers?
You will need to have a conveyancer complete the legal work required when you take out a Tipton Coseley Building Society mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Tipton Coseley Building Society conveyancing panel additional costs will be incurred as separate legal representation will be required by Tipton Coseley Building Society. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
My husband and I are refinancing our maisonette with Tipton Coseley Building Society. We have a son 19 who lives with us. The solicitor on the Tipton Coseley Building Society conveyancing panel requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is repossessed. I have two concerns (1) Is this form unique to the Tipton Coseley Building Society conveyancing panel as he never had to sign this form when we bought 5 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Tipton Coseley Building Society conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Tipton Coseley Building Society .This is solely used to protect the Tipton Coseley Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Tipton Coseley Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I have been Googling for conveyancing quotes online. Can I be confident that all the practices that are identified on your website are on the Tipton Coseley Building Society conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the Tipton Coseley Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Tipton Coseley Building Society panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Tipton Coseley Building Society conveyancing panel is incorrect.
My grandfather passed away six months ago and as sole heir and executor was left the house. The house had a small mortgage remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Tipton Coseley Building Society , pay off the mortgage etc. Is this possible?
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.
When it comes to lenders such as Tipton Coseley Building Society do lawyers have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We are getting a further advance on our mortgage from Tipton Coseley Building Society as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Tipton Coseley Building Society conveyancing panel to deal with the legals?
Tipton Coseley Building Society do not ordinarily appoint a member of their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Tipton Coseley Building Society panel
Completion of my remortgage has taken place with a loan from Tipton Coseley Building Society. Conveyancing was a necessary evil but I would like to complain about Tipton Coseley Building Society. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first port of call should be one of the Tipton Coseley Building Society branches or the Customer Care Team at Tipton Coseley Building Society head office. We understand that complaints to Tipton Coseley Building Society are resolved effectively and efficiently. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service with full details of your complaint.