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approved by Hanley Economic Building Society
Ready to buy a new home? Failing to check that a lawyer is on the Hanley Economic Building Society 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 Hanley Economic Building Society Conveyancing Panel? How can my firm be reinstated onto the Hanley Economic Building Society Conveyancing Panel?Find an Approved Solicitor on the Hanley Economic Building Society Conveyancing Panel
Hanley Economic Building Society Conveyancing Panel Recently Asked Questions
I am progressing with the sale of my maisonette and the estate agent has just called to warn that the purchasers are swapping property lawyer. The excuse is that Hanley Economic Building Society will only engage with solicitors on their conveyancing panel. On what basis would a leading mortgage company only work with specific law firms?
Mortgage companies have always had panels of law firms they are willing to work with, but in the past few years big names such as Nationwide , have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 25 years.
Banks blame a rise in fraud by way of justification for the cull – criteria have been tightened and a smaller panel should be easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels, or have other concerns about them. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyer’s case. Your purchasers are unlikely to have any sway in the decision.
Please assist. My lawyer is not to blame but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Hanley Economic Building Society was date stamped random date and we have agreed a date for me to move into the property on Tues etc. My solicitor has advised that as she is on the Hanley Economic Building Society conveyancing panel she needs to reorder the searches as they are now out of date.
A precondition to being on the Hanley Economic Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Hanley Economic Building Society)which specifies that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Hanley Economic Building Society.
I need to find a Hanley Economic Building Society panel solicitor in Belfast. Could you help me?
Unfortunately it’s not apparent why you need a Hanley Economic Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Hanley Economic Building Society to find out which solicitors in Hanley Economic Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am trying to get my ex-husband taken off the mortgage deeds. Can Hanley Economic Building Society really insist on which solicitor I can or can not use?
You can use any solicitor you like but Hanley Economic Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Hanley Economic Building Society solicitors panel
I had instructed online solicitors located in Birmingham who are on the Hanley Economic Building Society solicitor panel. They have just invoiced me a separate fee of £135 for dealing with the Hanley Economic Building Society mortgage. Is this a supplemental conveyancing fee set by Hanley Economic Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Hanley Economic Building Society but by your lawyers. Some firms on the Hanley Economic Building Society will charge an ‘acting for lender’ fee and others do not.
Do most 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 Hanley Economic Building Society conveyancing panel requirements are different to Hanley Economic Building Society’s conveyancing panel criteria.
I was told two weeks ago that my mortgage has been agreed
to by Hanley Economic Building Society. Is it usual for Hanley Economic Building Society to only issue the offer once my
solicitor is approved on their conveyancing panel?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Hanley Economic Building Society to deal with your lawyers application to be on the Hanley Economic Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.