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Ready to buy a new home? Failing to check that a lawyer is on the Leeds Building Society list of approved solicitors can put your transaction at risk of delay or failure.
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Leeds Building Society Conveyancing Panel : Questions and Answers
My Solicitor is not listed on the Leeds Building Society Approved Panel. Can I still retain my preferred solicitor notwithstanding that they are excluded from the Leeds Building Society panel of approved conveyancing solicitors?
You will need to have a conveyancer complete the legal work required when you take out a Leeds Building Society mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Leeds Building Society conveyancing panel additional costs will be incurred as separate legal representation will be required by Leeds Building Society. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
My partner and I changing mortgage lender for our maisonette with Leeds Building Society. We have a son approaching twenty who lives with us. The solicitor on the Leeds Building Society conveyancing panel has asked us to disclose any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the apartment is forfeited by the lender. I have a couple of questions (1) Is this form unique to the Leeds Building Society conveyancing panel as he did not need to sign this form when we bought 5 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Leeds Building Society conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Leeds Building Society .This is solely used to protect the Leeds Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Leeds Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I need to find a Leeds Building Society panel solicitor in Belfast. Can you assist?
Unfortunately it’s not apparent why you need a Leeds 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 Leeds Building Society to find out which solicitors in Leeds 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
We're in London, First timers buying with a mortgage (lender is Leeds Building Society , but our solicitor is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to proceed? I plan to obtain a mortgage with Leeds Building Society. Is it possible to avoid using solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Leeds Building Society involved you will need to appoint a solicitor on the Leeds Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Leeds Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Leeds Building Society conveyancing panel.
It is not clear whether my mortgage offer requires a lease extension . I have called into my local branch Leeds Building Society on numerous occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Leeds Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 requirements for Leeds Building Society. Unless your lawyer obtains specific confirmation in writing that Leeds Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Leeds Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
My brother and I are remortgaging a flat in Hendon. Conveyancing solicitors in Hendon are about to beretained. My brokeradvised that we double-check that the property lawyer in Hendon is on the Leeds Building Society solicitors panel. Is this really necessary?
Not all Hendon conveyancing firms are on the Leeds Building Society conveyancing panel. Use the above search tool to locate a Hendon conveyancing practitioner on the on the Leeds Building Society solicitors pane.
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Transfer of Equity for Leeds Building SocietyPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors