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approved by Barclays - Woolwich
Ready to buy a new home? Failing to check that a lawyer is on the Barclays - Woolwich list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the Barclays Bank as The Woolwich Conveyancing Panel? How can my firm be reinstated onto the Barclays Bank as The Woolwich Conveyancing Panel?Find an Approved Solicitor on the Barclays Bank as The Woolwich Conveyancing Panel
Common questions asked concerning the Barclays - Woolwich Conveyancing Panel
Can you please explain the reason why all UK lawyers aren't included on the Barclays - Woolwich Solicitor panel?
Pre- 2008 most lenders had an appetite for risk which was higher than today. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors that you are dealing with. Consequently, lenders have regularly sought more information from law firms about their operations and the individuals who work for them and set certain criteria such a completing on a minimum number of transactions. Many firms that have been excluded from lender panels have 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of volume of transactions the lenders required.
I am purchasing a newly built duplex and my conveyancer is advising me that she has to disclose incentives from the developer as her firm is on the Barclays - Woolwich conveyancing panel. I am nearing the developer’s deadline to exchange contracts and I dont want to delay the conveyancing. Can I insist on an exchange regardless of what my lawyer says about being on the Barclays - Woolwich panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Barclays - Woolwich approved panel is to comply with the CML Handbook requirements (last updated for this lender on Barclays - Woolwich). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do I need to have a meeting at the offices of the Barclays - Woolwich conveyancing panel solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in London
so that I can pop in to their offices if required.
Most conveyancing panel lawyers for Barclays - Woolwich undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
My lawyers in Leeds have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with Barclays - Woolwich. Is it case that being on the Barclays - Woolwich conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Barclays - Woolwich Conveyancing Panel Terms. It might be worth you contacting Barclays - Woolwich directly.
I currently have a mortgage with with Barclays - Woolwich. Conveyancing was finalised 12 months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Barclays - Woolwich?
Your original mortgage agreement with Barclays - Woolwich will provide that you need their approval prior to letting out your property as this is likely to be a breach of Barclays - Woolwich’s mortgage conditions. In many cases banks or building societies 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 Barclays - Woolwich directly. It should not be necessary to do this via a Barclays - Woolwich conveyancing panel lawyer.
On the whole I have been dissatisfied with the level or service received from my lawyer. Is there a Barclays - Woolwich conveyancing panel complaints department or do I complain directly to the law firm?
There is little point in complaining directly to Barclays - Woolwich. All solicitors and conveyancer must have a complaints procedure. Usually one can find this information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is properly dealt with by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.
Barclays - Woolwich 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 Barclays - Woolwich or your broker and complete any relevant paperwork. Barclays - Woolwich will tell you what documents they want. Barclays - Woolwich 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. Barclays - Woolwich 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.
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