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approved by Stafford Railway BS
Ready to buy a new home? Failing to check that a lawyer is on the Stafford Railway 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 Stafford Railway Building Society Conveyancing Panel? How can my firm be reinstated onto the Stafford Railway Building Society Conveyancing Panel?Find an Approved Solicitor on the Stafford Railway Building Society Conveyancing Panel
Q and A’s regarding the Stafford Railway Building Society Conveyancing Panel
I was advised recently by my IFA that my lawyer is not on the Stafford Railway Building Society Solicitor panel. How can I be certain that this is indeed the case?
The best course of action for you to take is to contact your lawyer directly. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they may recommend you to a firm that is on the the approved Stafford Railway Building Society solicitor panel.
My lawyer has identified a difference between the assumptions in Stafford Railway Building Society’s home valuation survey and what is in the conveyancing documents. My lawyer says that as he is on the Stafford Railway Building Society conveyancing panel he is duty bound to ensure that the bank is happy with this discrepancy and is content go ahead. Is my conveyancer’s stance legitimate?
A precondition to being on the Stafford Railway Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Stafford Railway Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
How up to date is your search tool for the Stafford Railway Building Society conveyancing panel? Do Stafford Railway Building Society send you an updated list?
The firms themselves provide us confirmation that they are on the Stafford Railway Building Society conveyancing panel as opposed to being supplied with a list from Stafford Railway Building Society directly.
Can you clarify what the consequences are if my solicitor is removed from the Stafford Railway Building Society Conveyancing panel before completion?
The first thing to point out is that, 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 at a cost.
Last month we had a mortgage agreed in principle with Stafford Railway Building Society. Solicitors have been chosen? What is the average time that one could expect to receive a mortgage offer from Stafford Railway Building Society?
Some lenders take longer than others. Have Stafford Railway Building Society conducted the survey? Have you advised Stafford Railway Building Society as your lawyers details and checked that your lawyer is on the Stafford Railway Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
My existing mortgage is with Stafford Railway Building Society. My father retired last week and wants to pay off the mortgage left on the property. After Stafford Railway Building Society is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Stafford Railway Building Society conveyancing panel? I do not intend to live at the property once the Stafford Railway Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Stafford Railway Building Society panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.
Can I register a complaint to Stafford Railway Building Society about the lawyers being on the Stafford Railway Building Society conveyancing panel?
There is little point in complaining directly to Stafford Railway Building Society. All solicitors and conveyancer must have a complaints procedure. Usually one can find this information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is addressed by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.