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approved by Family BS
Ready to buy a new home? Failing to check that a lawyer is on the Family 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 Family Building Society Conveyancing Panel? How can my firm be reinstated onto the Family Building Society Conveyancing Panel?Find an Approved Solicitor on the Family Building Society Conveyancing Panel
FAQs for the Family Building Society Conveyancing Panel
A lawyer I wanted to use for conveyancing on a purchase said she would charge more if my mortgage is with Family Building Society due to their difficult processes! Will I regret using Family Building Society? Is Family Building Society conveyancing so much more difficult?
Family 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 Family Building Society conveyancing panel. If they are not, this does add further risk of delay as Family Building Society will appoint their own solicitors to look after their interest.
I am purchasing a newly built flat and my lawyer is advising me that she is duty bound to disclose incentives from the builder as her firm is on the Family Building Society conveyancing panel. I am on a tight deadline to sign contracts and my preference is not to delay the conveyancing. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Family Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Family Building Society). 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 all the licensed conveyancers and solicitor practices listed on your directory have online case tracking as I understood that this was a condition of being on the Family Building Society solicitor panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
My conveyancers in Leeds have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Family Building Society. Is it case that being on the Family Building Society conveyancing panel they need to have retained the file for a prescribed period?
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 Family Building Society Conveyancing Panel Terms. It might be worth you contacting Family Building Society directly.
Is there a list of Family Building Society panel solicitors on the CML Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Family Building Society conveyancing panel requirements are different to Family Building Society’s conveyancing panel criteria.
We are are taking a long lease of a house in Hendon. Conveyancing solicitors in Hendon need to begiven the go-ahead. My fathersuggested that we enquire that the property lawyer in Hendon is on the Family Building Society solicitors panel. Surely I don't need to do this, do I?
Not all Hendon conveyancing firms are on the Family Building Society conveyancing panel. Click here to find a Hendon conveyancing solicitor on the on the Family Building Society list of approved conveyancing firms.