FAQs : The West Bromwich Building Society Solicitor Panel from members of the public
For what reasons would a firm of solicitors be removed from the West Bromwich Building Society solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been excluded from a lender panel. The top reasons in order are :
- lack of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by West Bromwich Building Society
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company West Bromwich Building Society will not agree to this. Why was West Bromwich Building Society even consulted?
Your lawyer being on the West Bromwich Building Society conveyancing panel is duty bound to inform West Bromwich Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to West Bromwich Building Society then they would have to discontinue acting for you and West Bromwich Building Society.
I see that you have a post code search directory identifying firms on the West Bromwich Building Society conveyancing panel. Do firms pay you a referral fee if I instruct them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the West Bromwich Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am trying to get my ex-husband removed the mortgage deeds. Can West Bromwich Building Society really insist on which solicitor I can or can not retain?
You can use any solicitor you like but West Bromwich Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the West Bromwich Building Society solicitors panel
Can you point me to a directory of West Bromwich Building Society panel conveyancers on the CML Handbook 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.
We expect to receive a DIP from West Bromwich Building Society this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the West Bromwich Building Society recommend a solicitor on the West Bromwich Building Society conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the West Bromwich Building Society conveyancing panel. The solicitor represents both you and the West Bromwich Building Society through the process.
West Bromwich Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up West Bromwich Building Society or your broker and complete any relevant paperwork. West Bromwich Building Society will tell you what documents they want. West Bromwich Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. West Bromwich Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
