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approved by Leeds Building Society
Ready to buy a new home? Failing to check that a lawyer is on the Leeds 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 Leeds Building Society Conveyancing Panel? How can my firm be reinstated onto the Leeds Building Society Conveyancing Panel?Find an Approved Solicitor on the Leeds Building Society Conveyancing Panel
Common questions asked concerning the Leeds Building Society Conveyancing Panel
How easy is it to change a solicitor as I need to find one who is on the Leeds Building Society conveyancing panel. Is it advisable to appoint a new law firm?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
Please assist. My lawyer is not to blame but, my purchase conveyancing has been going on for months. The Local Authority Search from Leeds Building Society was date stamped random date and we have agreed a date for me to move into the property on 6 months + 3. My lawyer says that as she is on the Leeds Building Society conveyancing panel she needs to redo the searches as they are no longer valid.
A precondition to being on the Leeds Building Society approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Leeds Building Society)which states 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 Leeds Building Society.
I need to find a Leeds Building Society panel solicitor in Belfast. Can you assist?
It is not clear why you need a Leeds 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 Leeds Building Society to find out which solicitors in Leeds Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
We're in Liverpool, First time buyers purchasing with a mortgage (lender is Leeds Building Society , but our lawyer is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds 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
When it comes to lenders such as Leeds Building Society do solicitors have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
What are the common reasons for a lender such as Leeds Building Society to withdraw a mortgage offer?
Lenders such as Leeds Building Society can revoke their mortgage offer although this is unusual. should Leeds Building Society withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are 5 examples:
- Where information comes to Leeds Building Society ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
- Leeds Building Society may amend or withdraw an offer if the Leeds Building Society conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
- Amendments if purchase price adjusted and the loan to value limits exceeded by this. Please note that Leeds Building Society conveyancing panel solicitors would be obliged to notify Leeds Building Society of a change in the price of the property.
- Where the lender has to take account a recent change in law
- Where the lender is on notice of a restriction or a right of pre-emption which is not at market value
I can not work out if my mortgage offer requires a lease extension . I have telephoned Leeds Building Society on numerous occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Leeds Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the Leeds Building Society panel she or he must comply with the CML Handbook requirements for Leeds Building Society. Unless your lawyer obtains specific confirmation in writing that Leeds 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 Leeds Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
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Transfer of Equity for Leeds Building SocietyPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors