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approved by Ecology BS
Ready to buy a new home? Failing to check that a lawyer is on the Ecology BS 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 Ecology Building Society Conveyancing Panel? How can my firm be reinstated onto the Ecology Building Society Conveyancing Panel?Find an Approved Solicitor on the Ecology Building Society Conveyancing Panel
Examples of recent questions relating to the Ecology Building Society Solicitor Panel
A lawyer I had intended to instruct on a purchase said she would charge more if my mortgage is with Ecology Building Society because of their difficult processes! Am I likely to be frustrated using Ecology Building Society? Any comments will be appreciated
Ecology Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Ecology Building Society conveyancing panel. If they are not, this does add further risk of delay as Ecology Building Society will appoint their own solicitors to look after their interest.
My lawyer has informed me that he requires proof of ID documents asserting that this forms part of his legal duty as a solicitor on the Ecology Building Society Conveyancing panel. Can this be correct?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that Ecology Building Society also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Ecology Building Society CML Handbook requirements last updated on Ecology Building Society
How up to date is your search tool for the Ecology Building Society conveyancing panel? Do Ecology Building Society send you an updated list?
The law firm practices themselves provide us confirmation that they are on the Ecology Building Society conveyancing panel as opposed to being supplied with a list from Ecology Building Society directly.
We're in London, FTBs buying with a mortgage (lender is Ecology Building Society , but our solicitor is on the Ecology Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Ecology Building Society 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
Do conveyancing solicitors on the Ecology Building Society conveyancing panel work on a no move no charge 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 service
In what circumstances might Ecology Building Society amend or withdraw their mortgage offer?
Lenders such as Ecology Building Society can withdraw their mortgage offer although this is unusual. In the unlikely event that Ecology Building Society withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are 5 examples:
- Ecology Building Society may amend or withdraw an offer if the Ecology Building Society conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
- If the borrower informs Ecology Building Society of a change in security address
- Where to proceed with the Mortgage offer would be unlawful
- Where the lender has to take account a recent change in law
- If the lender reasonably believe that the applicant, borrower, mortgagor or guarantor is insolvent or is about to become insolvent or has or will have a petition presented or if any one or all enter into any arrangement with their creditors generally or if any one or all should suffer a material change in their financial circumstances
I have paid off my mortgage with Ecology Building Society. I assume I don't need a solicitor on the Ecology Building Society panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Ecology Building Society 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 Ecology Building Society mortgage from the register. Ecology Building Society,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 Ecology Building Society has sent the Land Registry the discharge electronically, and
the Ecology Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Ecology Building Society mortgage has been paid off.