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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.
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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
Stafford Railway Building Society Conveyancing Panel Recently Asked Questions
What is the rationale as to why all solicitors aren't included on the Stafford Railway Building Society Solicitor panel?
Pre- 2008 most lenders had an appetite for risk which was higher than today. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors that you are dealing with. Consequently, lenders have regularly sought more information from law firms about their operations and the individuals who work for them and set certain criteria such a completing on a minimum number of transactions. Many firms that have been excluded from lender panels have 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of volume of transactions the lenders required.
My fiance and I changing mortgage lender for our maisonette with Stafford Railway Building Society. We have a son approaching twenty who lives with us. The solicitor on the Stafford Railway Building Society conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the Stafford Railway Building Society conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) Does our son by signing this giving up his rights to inherit the property?
On the face of it your lawyer has done nothing wrong 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 Stafford Railway Building Society .This is solely used to protect the Stafford Railway 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 Stafford Railway 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.
Whilst your website is a good idea there are many lawyers listed near Middlesbrough on the Stafford Railway Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Stafford Railway Building Society ?
We are not in the business of recommending one firm above another 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..
I would like to get my ex-husband taken off the mortgage deeds. Can Stafford Railway Building Society really tell me which solicitor I can or can not instruct?
You can use any solicitor you like but Stafford Railway Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Stafford Railway Building Society solicitors panel
Is there a list of Stafford Railway Building Society panel conveyancers on the Council of Mortgage Lender’s 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.
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with Stafford Railway Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Stafford Railway Building Society you will need to appoint a solicitor on the Stafford Railway Building Society conveyancing panel.
I am due to exchange contracts on my flat. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Stafford Railway Building Society are being pedantic. The solicitor who is on the Stafford Railway Building Society conveyancing panel is saying indemnity insurance will be fine but Stafford Railway Building Society are requiring a building regulation certificate. Why do Stafford Railway Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Stafford Railway Building Society have referred the matter to their valuer. The reason why Stafford Railway Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.