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approved by Holmesdale BS
Ready to buy a new home? Failing to check that a lawyer is on the Holmesdale 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 Holmesdale Building Society Conveyancing Panel? How can my firm be reinstated onto the Holmesdale Building Society Conveyancing Panel?Find an Approved Solicitor on the Holmesdale Building Society Conveyancing Panel
Common questions asked concerning the Holmesdale Building Society Conveyancing Panel
What is the rationale as to why all property lawyers aren't included on the Holmesdale Building Society Solicitor panel?
Before the recession most lenders had an appetite for risk which was higher than today. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors that you are dealing with. Consequently, lenders have regularly sought more information from law firms about their operations and the individuals who work for them and set certain criteria such a completing on a minimum number of transactions. Many firms that have been excluded from lender panels have 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of volume of transactions the lenders required.
Our solicitor has uncovered a defect with the lease for the apartment we are purchasing. The other side have offered title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor has advised that as he is on the Holmesdale Building Society conveyancing panel he must ensure that the lender is happy with this solution. Are we the client or is Holmesdale Building Society?
Just because you have a mortgage offer from Holmesdale Building Society does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Holmesdale Building Society are the client. These conveyancing instructions must be adhered to by the Holmesdale Building Society conveyancing panel who has to balance acting for you and Holmesdale Building Society
How do I search for a local solicitor on the Holmesdale Building Society conveyancing panel? I have a car and am prepared to travel up to 20 kilometers to meet the solicitor.
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 Holmesdale Building Society solicitor panel.
We're in Liverpool, First time buyers buying with a mortgage (lender is Holmesdale Building Society , but our solicitor is on the Holmesdale Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Holmesdale 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
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with Holmesdale 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 Holmesdale Building Society you will need to appoint a solicitor on the Holmesdale Building Society conveyancing panel.
I am due to exchange contracts on my flat. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Holmesdale Building Society are being problematic. The solicitor who is on the Holmesdale Building Society conveyancing panel is recommending indemnity insurance as a solution but Holmesdale Building Society are insisting on a building regulation certificate. Why do Holmesdale Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Holmesdale Building Society have referred the matter to their valuer. The reason why Holmesdale Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
My offer on house has been accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What do I do now? When should I get the mortgage app going with Holmesdale Building Society?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Holmesdale Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Holmesdale Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.