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Ready to buy a new home? Failing to check that a lawyer is on the Saffron 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 Saffron Building Society Conveyancing Panel? How can my firm be reinstated onto the Saffron Building Society Conveyancing Panel?Find an Approved Solicitor on the Saffron Building Society Conveyancing Panel
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I am getting a mortgage offer from Saffron Building Society. my intention is to instruct a Licensed Conveyancer. Does the Saffron Building Society Solicitor panel allow for conveyancers regulated by the CLC
Saffron Building Society’s conveyancing panel is, like many other lenders associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My lawyer has spotted a difference between the assumptions in Saffron Building Society’s valuation report and what is in the title deeds. My lawyer informs me that as he is on the Saffron Building Society conveyancing panel he is obliged to check that the bank is with this discrepancy and is still content to lend. Is my conveyancer’s approach correct?
A precondition to being on the Saffron Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Saffron Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I require the services of a Saffron Building Society panel solicitor in Inverness. Can you assist?
It is not clear why you need a Saffron 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 Saffron Building Society to find out which solicitors in Saffron 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 was scheduled to complete on my flat last Thursday. My lawyer’s firm is on the Saffron Building Society conveyancing panel but has changed address 8 weeks ago and had not advised Saffron Building Society of their new address. Saffron Building Society is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Saffron Building Society branch or your mortgage broker to see if they can help.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Saffron Building Society conveyancing panel?
Some major lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
How can we tell if a solicitor on the Saffron Building Society panel is any good?
Getting recommendations is a sensible starting point. 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 advise that you speak with the solicitor handling your conveyancing
Next month my fiance and I are taking a long lease of a penthouse in Hendon. Conveyancing solicitors in Hendon are preferred to beappointed. My motherrecommended that we double-check that the conveyancing practitioner in Hendon is on the Saffron Building Society solicitors panel. Surely I don't need to do this, do I?
A limited percentage of Hendon conveyancing solicitors are on the Saffron Building Society conveyancing panel. 8 people a month use our search tool to locate a Hendon conveyancing practitioner on the on the Saffron Building Society list of approved conveyancing firms.