Examples of recent questions relating to the West Bromwich Mortgage Company Solicitor Panel from members of the public
Can you please explain the reason why all property lawyers are not on the West Bromwich Mortgage Company Solicitor panel?
As unjust as it may seem for West Bromwich Mortgage Company 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 Mortgage Company have restricted their conveyancing panel to a manageable size. The West Bromwich Mortgage Company solicitor panel is not the most exclusive of all lenders
I am buying a newly built duplex and my lawyer is telling me that she is duty bound to reveal incentives from the builder as her firm is on the West Bromwich Mortgage Company conveyancing panel. I am on a tight deadline to sign contracts and I dont want to prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the West Bromwich Mortgage Company approved panel is to comply with the CML Handbook requirements (last updated for this lender on West Bromwich Mortgage Company). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Your search tool is useful but there are many lawyers listed near Hackney on the West Bromwich Mortgage Company conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the West Bromwich Mortgage Company approved panel?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
We're in Birmingham, First time buyers purchasing with a mortgage (lender is West Bromwich Mortgage Company , but our lawyer is on the West Bromwich Mortgage Company conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the West Bromwich Mortgage Company conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Are all Conveyancing Quality Solicitors on the West Bromwich Mortgage Company conveyancing panel?
It is true that some lenders now use CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
Two weeks ago we had a mortgage agreed in principle with West Bromwich Mortgage Company. Solicitors have been appointed? How long does it take for West Bromwich Mortgage Company to send the offer to our conveyancer
Some lenders take longer than others. Have West Bromwich Mortgage Company conducted the survey? Have you advised West Bromwich Mortgage Company as your lawyers details and checked that your lawyer is on the West Bromwich Mortgage Company conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
I am selling my house. I had a double glazing fitted in month 6 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, West Bromwich Mortgage Company are being problematic. The solicitor who is on the West Bromwich Mortgage Company conveyancing panel is happy to accept ‘lack of building regulation’ insurance but West Bromwich Mortgage Company are requiring a building regulation certificate. Why do West Bromwich Mortgage Company have a conveyancing panel of they don’t accept advice from them?
It is probably the case that West Bromwich Mortgage Company have referred the matter to their valuer. The reason why West Bromwich Mortgage Company may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.