Find a Law Firm
approved by Ipswich Building Society
Ready to buy a new home? Failing to check that a lawyer is on the Ipswich 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 Ipswich Building Society Conveyancing Panel? How can my firm be reinstated onto the Ipswich Building Society Conveyancing Panel?Find an Approved Solicitor on the Ipswich Building Society Conveyancing Panel
Common questions asked concerning the Ipswich Building Society Solicitor Panel
I am selling my maisonette and the estate agent has just texted me to say that the purchasers are swapping property lawyer. The reason given is that Ipswich Building Society will only deal with property lawyers on their approved list. On what basis would a big named lender only work with specific solicitors?
Lenders have always had panels of law firms they are willing to work with, but in the past few years big names such as HSBC, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 15 years.
Banks blame a rise 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 being contacted daily by practices 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 due to complete my purchase next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Ipswich Building Society. What does the insurance need to cover?
All property lawyers on the Ipswich Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Ipswich Building Society’s Part 2 requirements of the CML Handbook (last updated on Ipswich Building Society). Being on the Ipswich Building Society conveyancing panel your lawyer is expect to follow these requirements.
Are there any apps to help find a local solicitor on the Ipswich Building Society conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the solicitor.
Feel free to make use of 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 Ipswich Building Society solicitor panel.
My aunt passed away six months ago and as sole heir and executor was left the property. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Ipswich Building Society , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Ipswich Building Society will insist on your using a conveyancer on the Ipswich Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Ipswich Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Ipswich Building Society mortgage is registered as a charge at the Land Registry.
Can you point me to a directory of Ipswich Building Society panel solicitors on the CML Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with Ipswich Building Society?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Ipswich Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Ipswich Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
Next month my fiance and I are buying a penthouse in Hendon. Conveyancing solicitors in Hendon are about to beappointed. My brokeradvised that we enquire that the property lawyer in Hendon is on the Ipswich Building Society list of approved conveyancing firms. Is this really necessary?
Not all Hendon conveyancing practices are on the Ipswich Building Society conveyancing panel. 7 people a month use our search tool to search for a Hendon conveyancing lawyer on the on the Ipswich Building Society approved list of lawyers.