FAQs : The West Bromwich Mortgage Company Solicitor Panel from members of the public
My mortgage broker has has requested my law firm’s panel reference for the West Bromwich Mortgage Company conveyancing panel. What is the best way to discover this. I have contacted my local West Bromwich Mortgage Company office but they don't know it.
the sensible thing to do is ask for this information from your solicitor. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for West Bromwich Mortgage Company.
We are approaching an exchange and my mum and dad having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender West Bromwich Mortgage Company. Apparently, being on the West Bromwich Mortgage Company conveyancing panel and acting on their behalf he must inform West Bromwich Mortgage Company if the balance of the mortgage advance is coming from anyone other than me. I disclosed to the bank about my parent’s contribution when I applied for the home loan so is it really necessary for him to raise this?
Your lawyer is obliged to check with West Bromwich Mortgage Company to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to West Bromwich Mortgage Company if you agree, failing which, your lawyer must cease to continue acting.
How do I search for a local solicitor on the West Bromwich Mortgage Company conveyancing panel? I have a car and am prepared to travel up to 10 miles to meet the solicitor.
Feel free to make use of the find a conveyancing panel search on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the West Bromwich Mortgage Company solicitor panel.
I am purchasing a new build flat and getting a mortgage with West Bromwich Mortgage Company. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the West Bromwich Mortgage Company conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the West Bromwich Mortgage Company conveyancing panel in your location.
Is it the case that all conveyancing lawyers on the West Bromwich Mortgage Company conveyancing panel work on a no sale no fee basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
I have today made my last payment due on mortgage with West Bromwich Mortgage Company. I assume I don't need a solicitor on the West Bromwich Mortgage Company panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your West Bromwich Mortgage Company mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the West Bromwich Mortgage Company mortgage from the register. West Bromwich Mortgage Company,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the West Bromwich Mortgage Company has sent the Land Registry the discharge electronically, and
the West Bromwich Mortgage Company has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your West Bromwich Mortgage Company mortgage has been paid off.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called West Bromwich Mortgage Company on various occasions and told it wasn't a problem and they would lend. My solicitor - who is on the West Bromwich Mortgage Company conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the West Bromwich Mortgage Company panel she or he must comply with the CML Handbook requirements for West Bromwich Mortgage Company. Unless your lawyer obtains specific confirmation in writing that West Bromwich Mortgage Company will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask West Bromwich Mortgage Company to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.