Find a Law Firm
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.
Looking for information about your firm's panel status?
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
Common questions asked concerning the Hanley Economic Building Society Solicitor Panel
The conveyancer I had intended to instruct on a purchase said she will levy higher legal fees if my mortgage is with Hanley Economic Building Society due to their unusual legal requirements. Will I regret using Hanley Economic Building Society? Is Hanley Economic Building Society conveyancing so much more difficult?
Hanley Economic 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 Hanley Economic Building Society conveyancing panel. If they are not, this does add further risk of delay as Hanley Economic Building Society will appoint their own solicitors to look after their interest.
We are nearing an exchange and my parents having sent 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 Hanley Economic Building Society. Apparently, being on the Hanley Economic Building Society conveyancing panel and acting on their behalf he must inform Hanley Economic Building Society if the balance of the mortgage advance is coming from anyone other than me. I informed 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 Hanley Economic 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 Hanley Economic Building Society if you agree, failing which, your lawyer must cease to continue acting.
Do all mortgage companies provide you with an approved list of solicitors? How do you know who is on the Hanley Economic Building Society conveyancing panel?
The law firm practices themselves provide us confirmation that they are on the Hanley Economic Building Society conveyancing panel as opposed to being supplied with a list from Hanley Economic Building Society directly.
My aunt passed away six months ago and as sole heir and executor was left the property. The house had a relatively small loan remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Hanley Economic Building Society , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Hanley Economic Building Society will insist on your using a conveyancer on the Hanley Economic Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Hanley Economic Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Hanley Economic Building Society mortgage is registered as a charge at the Land Registry.
We are getting a further advance on our mortgage from Hanley Economic Building Society as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Hanley Economic Building Society conveyancing panel to deal with the legals?
Hanley Economic Building Society would not normally appoint a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Hanley Economic Building Society list
I am currently in the process of buying my council flat. I have a mortgage agreed with Hanley Economic Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Hanley Economic Building Society you will need to appoint a solicitor on the Hanley Economic Building Society conveyancing panel.
It is not clear whether my mortgage offer requires a lease extension . I have called into my local branch Hanley Economic Building Society on various occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Hanley Economic Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the Hanley Economic Building Society panel she or he must comply with the CML Handbook requirements for Hanley Economic Building Society. Unless your lawyer obtains specific confirmation in writing that Hanley Economic Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Hanley Economic Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.