Tipton Coseley Building Society Conveyancing Panel : Questions and Answers
from members of the public
My lawyer is not listed on the Tipton Coseley Building Society Approved Panel. Is it possible for me to continue with my preferred solicitor even though they are not on the Tipton Coseley Building Society panel of approved conveyancing solicitors?
The most common options here are as follows:
- Carry on with your preferred solicitors but Tipton Coseley Building Society will need to instruct a lawyer on the Tipton Coseley Building Society conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Tipton Coseley Building Society conveyancing panel.
- Convince your lawyer to do everything within their powers to join the Tipton Coseley Building Society conveyancing panel
Expecting to complete my purchase next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for Tipton Coseley Building Society. What risks do Tipton Coseley Building Society expect the insurance to cover?
Any lawyer on the Tipton Coseley Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Tipton Coseley Building Society’s Part 2 requirements of the CML Handbook (last updated on Tipton Coseley Building Society). Being on the Tipton Coseley Building Society conveyancing panel your lawyer is expect to follow these instructions.
I see that you have a search directory listing firms on the Tipton Coseley Building Society conveyancing panel. Do firms pay you a commission if I retain them for my conveyancing?
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 house is up for sale and I have a buyer. Does my solicitor have to be on the Tipton Coseley Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Tipton Coseley Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Is there a list of Tipton Coseley Building Society panel conveyancers on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
Is it the case that all conveyancing solicitors on the Tipton Coseley Building Society conveyancing panel overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Tipton Coseley Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
The for formalities of my remortgage has taken place with a mortgage from Tipton Coseley Building Society. Conveyancing was a necessary evil but I would like to complain about Tipton Coseley Building Society. How do I make a complaint?
Almost all lenders have complaints procedures. Your first port of call should be one of the Tipton Coseley Building Society branches or the Customer Services Department at Tipton Coseley Building Society head office. Ordinarily complaints to Tipton Coseley Building Society are resolved very quickly. However if you are not satisfied that the matter is resolved you can write to the
Financial Ombudsman Service with full details of your complaint.