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approved by Penrith BS
Ready to buy a new home? Failing to check that a lawyer is on the Penrith BS 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 Penrith Building Society Conveyancing Panel? How can my firm be reinstated onto the Penrith Building Society Conveyancing Panel?Find an Approved Solicitor on the Penrith Building Society Conveyancing Panel
Common questions asked concerning the Penrith Building Society Conveyancing Panel
The conveyancer I wanted to use for conveyancing on a purchase said he will levy higher legal fees if my mortgage is with Penrith Building Society due to their difficult processes! Will I regret using Penrith Building Society? Is Penrith Building Society conveyancing so much more difficult?
Penrith 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 Penrith Building Society conveyancing panel. If they are not, this does add further risk of delay as Penrith Building Society will appoint their own solicitors to look after their interest.
We are getting closer to 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 Penrith Building Society. Apparently, being on the Penrith Building Society conveyancing panel and acting on their behalf he must inform Penrith Building Society if the balance of the mortgage advance is not just from me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with Penrith 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 Penrith Building Society if you agree, failing which, your lawyer must cease to continue acting.
I have been looking for conveyancing quotes online. Can I be sure that all the law firms that are listed on your directory are on the Penrith Building Society conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the Penrith Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Penrith Building Society panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Penrith Building Society conveyancing panel is not accurate.
I am buying a new build flat and getting a mortgage with Penrith Building Society. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Penrith Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Penrith Building Society conveyancing panel in your location.
How can we tell if a solicitor on the Penrith Building Society panel is any good?
Getting recommendations is a good start. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor carrying out your transaction
We have a mortgage agreed in principle with Penrith Building Society. Solicitors have been appointed? What is the average time that one could expect to receive a mortgage offer from Penrith Building Society?
There is no definitive answer here. Have Penrith Building Society conducted the survey? Have you advised Penrith Building Society as your lawyers details and checked that your lawyer is on the Penrith Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
After much negotiation I have agreed a price on a house. My mortgage broker pressured me to appoint their lawyers I paid an upfront payment of 200. Soon after the conveyancers contacted me to say that they were not on the Penrith Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Penrith Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.