Common questions asked concerning the West Bromwich Building Society Solicitor Panel
from members of the public
I would like to know the reason why all UK lawyers are not on the West Bromwich Building Society Conveyancing panel?
Even though it may seem unfair for West Bromwich Building Society to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern West Bromwich Building Society are limiting their conveyancing panel to a manageable size. The West Bromwich Building Society solicitor panel is not the smallest
My conveyancer has discovered an inconsistency between the surveyor’s assumptions in West Bromwich Building Society’s valuation report and what is in the conveyancing documents. My lawyer informs me that as he is on the West Bromwich Building Society conveyancing panel he must check that the lender is with this discrepancy and is still content to lend. Is my lawyer’s course or action right?
A precondition to being on the West Bromwich Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on West Bromwich Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am buying a house and require a conveyancing solicitor in Manchester who is on the West Bromwich Building Society conveyancing. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for West Bromwich Building Society . We don’t recommend any particular firm.
My aunt passed away last year and as sole heir and executor was left the property. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to West Bromwich Building Society , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then West Bromwich Building Society will insist on your using a conveyancer on the West Bromwich 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 West Bromwich 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 West Bromwich Building Society mortgage is registered as a charge at the Land Registry.
Last month we had a mortgage agreed in principle with West Bromwich Building Society. Solicitors have been instructed? What is the average time that one could expect to receive a mortgage offer from West Bromwich Building Society?
Some lenders take longer than others. Have West Bromwich Building Society completed the survey? Have you advised West Bromwich Building Society as your lawyers details and checked that your lawyer is on the West Bromwich Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
My fiance and I are in the process of viewing flats and am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I intend to finance via a home loan with West Bromwich Building Society
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with West Bromwich Building Society , ask your prospective lawyers check they are on the West Bromwich Building Society conveyancing panel otherwise they can't do the mortgage legal work.
The mortgage over my property is with West Bromwich Building Society. Conveyancing has been completed a year ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform West Bromwich Building Society?
West Bromwich Building Society must be informed of your intention prior to renting your property as this is likely to be a breach of West Bromwich Building Society’s mortgage conditions. It may be that West Bromwich Building Society will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact West Bromwich Building Society directly. You need not do this via a West Bromwich Building Society conveyancing panel solicitor.