Find a Law Firm
approved by West Bromwich BS
Ready to buy a new home? Failing to check that a lawyer is on the West Bromwich 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 West Bromwich Building Society Conveyancing Panel? How can my firm be reinstated onto the West Bromwich Building Society Conveyancing Panel?Find an Approved Solicitor on the West Bromwich Building Society Conveyancing Panel
FAQs : The West Bromwich Building Society Solicitor Panel
I am selling my house and the estate agent has just telephoned to say that the purchasers are appointing a new law firm. The reason given is that West Bromwich Building Society will only engage with property lawyers on their approved list. Why would a major mortgage company only work with specific lawyers?
Mortgage companies have always had an approved set of law firms they are willing to work with, but in the past few years big names such as Lloyds Banking Group, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.
Lenders point to the increase in fraud as the reason for the cull – criteria have been tightened and a smaller panel should be easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels, or have other concerns about them. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyer’s case. Your purchasers are unlikely to have any sway in the decision.
I am purchasing a new build apartment and my lawyer is informing me that she is duty bound to reveal incentives from the seller as her firm is on the West Bromwich Building Society conveyancing panel. The Estate Agents are hassling me to sign contracts and my preference is not to delay deal. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the West Bromwich Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on West Bromwich Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Are there any apps to help find a local solicitor on the West Bromwich Building Society conveyancing panel? I have a car and am prepared to travel up to 10 kilometers to meet the conveyancer.
You can use the find a conveyancing panel search 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 West Bromwich Building Society solicitor panel.
I am attempting to get my ex-husband taken off the mortgage deeds. Can West Bromwich Building Society really tell me which solicitor I can or can not use?
You can use any solicitor you like but West Bromwich Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the West Bromwich Building Society solicitors panel
I previously instructed online solicitors based in London who are on the West Bromwich Building Society solicitor panel. They have just invoiced me a separate fee of £135 for the legal aspects of the West Bromwich Building Society mortgage. Is this a supplemental conveyancing fee set by West Bromwich Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by West Bromwich Building Society but by your lawyers. Some firms on the West Bromwich Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
Two weeks ago we had a mortgage agreed in principle with West Bromwich Building Society. Solicitors have been appointed? How long does it take for West Bromwich Building Society to send the offer to our conveyancer
Some lenders take longer than others. Have West Bromwich Building Society conducted the survey? Have you advised West Bromwich Building Society as your lawyers details and checked that your lawyer is on the West Bromwich Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
My offer was accepted on a house on the 12th February 2014, valuation was booked 4 days after, all came back fine. Solicitor instructed, so all that was missing was my mortgage offer. Having made daily calls to West Bromwich Building Society and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the West Bromwich Building Society conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for West Bromwich Building Society to deal with your lawyers application to be on the West Bromwich Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.