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approved by Furness BS
Ready to buy a new home? Failing to check that a lawyer is on the Furness BS list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Furness Building Society Conveyancing Panel? How can my firm be reinstated onto the Furness Building Society Conveyancing Panel?Find an Approved Solicitor on the Furness Building Society Conveyancing Panel
Furness Building Society Solicitor Panel Example Support Desk Enquires
Am I correct in assuming that the fact that my solicitor is not on the Furness Building Society Conveyancing panel that there is a problem with the standard of the firm’s conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Furness Building Society.
We are only a couple days away from an exchange and my parents 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 make a notification to my lender Furness Building Society. I am advised that, being on the Furness Building Society conveyancing panel and acting on their behalf he must inform Furness Building Society if the balance of the mortgage advance is coming from anyone other than me. I advised the bank about my parent’s contribution when I applied for the home loan so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with Furness Building Society 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 Furness Building Society if you agree, failing which, your lawyer must cease to continue acting.
What tools are available to find a local solicitor on the Furness Building Society conveyancing panel? I have a car and am prepared to travel up to 20 kilometers to meet the conveyancer.
You can use the find a conveyancing panel tool on this page. 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 Furness Building Society solicitor panel.
I was due to complete on my flat two days ago. My solicitor is on the Furness Building Society conveyancing panel but has moved offices in the past couple of months and had not informed Furness Building Society of their new address. Furness Building Society has locked down the release of mortgage funds as the information from the solicitors isn't correct.
This is as unusual as it is unlucky. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Furness Building Society branch or your mortgage broker to see if they can assist.
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to proceed? I plan to obtain a mortgage with Furness Building Society. Is there anyway to cut out the solicitors to save on the costs? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Furness Building Society involved you will need to appoint a solicitor on the Furness Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Furness Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Furness Building Society conveyancing panel.
I'm at the point of looking at flats and am about to put in an offer. Should I already have a conveyancer appointed at this stage? I I am planning to take a mortgage with Furness Building Society
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Furness Building Society , make sure you remember to check that your lawyer is on the Furness Building Society conveyancing panel.
Can I register a complaint to Furness Building Society about the lawyers being on the Furness Building Society conveyancing panel?
There is little point in complaining directly to Furness Building Society. Every solicitor firm 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.