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approved by Hanley Economic Building Society
Ready to buy a new home? Failing to check that a lawyer is on the Hanley Economic Building Society 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 Hanley Economic Building Society Conveyancing Panel? How can my firm be reinstated onto the Hanley Economic Building Society Conveyancing Panel?Find an Approved Solicitor on the Hanley Economic Building Society Conveyancing Panel
Frequently asked questions relating to the Hanley Economic Building Society Conveyancing Panel
I have been advised by my broker that I have to pay Hanley Economic Building Society fees if I use my own solicitor. How good are the Hanley Economic Building Society conveyancing panel solicitors? I dont care which law firm I use provided that they are good and reasonably priced. Are there any Hanley Economic Building Society conveyancers you'd recommend?
Hanley Economic Building Society’s conveyancing panel is pretty large so it would be advisable to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Hanley Economic Building Society will allow to act for them.
I am purchasing a newly constructed apartment and my solicitor is telling me that she has to disclose incentives from the seller as her practice is on the Hanley Economic Building Society conveyancing panel. I am under pressure to exchange contracts and I dont want to delay deal. Can I insist on an exchange regardless of what my lawyer says about being on the Hanley Economic Building Society panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Hanley Economic Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Hanley Economic 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.
Your search tool is useful but there are many lawyers listed near Coventry on the Hanley Economic Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the Hanley Economic Building Society approved panel?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
Can you clarify what the consequences are if my solicitor is expelled from the Hanley Economic Building Society Solicitor panel before completion?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Are all Conveyancing Quality Solicitors on the Hanley Economic Building Society conveyancing panel?
Some major lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
I'm at the point of looking at houses and now considering a potential offer. Is it best to have a conveyancer on ‘stand by’? I I am planning to take a home loan with Hanley Economic Building Society
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Hanley Economic Building Society , ask your prospective lawyers check they are on the Hanley Economic Building Society conveyancing panel otherwise they can't do the mortgage legal work.
Completion of my purchase has taken place with a mortgage from Hanley Economic Building Society. Conveyancing was satisfactory but I feel I should register my dissatisfaction about Hanley Economic Building Society. How does one go about formally complaining?
All banks and building societies have complaints procedures. Your first point of contact should be one of the Hanley Economic Building Society branches or the Customer Care Department at Hanley Economic Building Society head office. We understand that complaints to Hanley Economic Building Society are sorted out very quickly. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.