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approved by Holmesdale BS
Ready to buy a new home? Failing to check that a lawyer is on the Holmesdale 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 Holmesdale Building Society Conveyancing Panel? How can my firm be reinstated onto the Holmesdale Building Society Conveyancing Panel?Find an Approved Solicitor on the Holmesdale Building Society Conveyancing Panel
Examples of recent questions relating to the Holmesdale Building Society Conveyancing Panel
I would like to know the reason why all UK lawyers aren't included on the Holmesdale Building Society Conveyancing panel?
Lenders point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year. The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to banks and building societies purging less reputable firms off their books
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Holmesdale Building Society will not agree to this. Why was Holmesdale Building Society even consulted?
Your lawyer being on the Holmesdale Building Society conveyancing panel is duty bound to inform Holmesdale Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Holmesdale Building Society then they would have to discontinue acting for you and Holmesdale Building Society.
I note that you have a search directory identifying law firms on the Holmesdale Building Society conveyancing panel. Do firms pay you a commission if I retain them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Holmesdale Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am purchasing a garden flat and getting a mortgage with Holmesdale 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 Holmesdale 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 Holmesdale Building Society conveyancing panel in your location.
I previously instructed online conveyancers located in Bristol who are on the Holmesdale Building Society solicitor panel. They have just invoiced me a separate fee of £150 for dealing with the Holmesdale Building Society mortgage. Is this an additional conveyancing fee specified by Holmesdale 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 Holmesdale Building Society but by your lawyers. Some firms on the Holmesdale Building Society will charge an ‘acting for lender’ fee and others do not.
I am buying a property where the roof has a solar panel. Holmesdale Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Holmesdale Building Society your lawyer must to check the Holmesdale Building Society conveyancing instructions contained in the Part of CML Handbook for Holmesdale Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Holmesdale Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
My ex -wife’s name is on the Holmesdale Building Society mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Holmesdale Building Society mortgage in order to sell?
As regards the Holmesdale Building Society mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Holmesdale Building Society in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.