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approved by SuffolkBuildingSociety
Ready to buy a new home? Failing to check that a lawyer is on the SuffolkBuildingSociety 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 Suffolk Building Society Conveyancing Panel? How can my firm be reinstated onto the Suffolk Building Society Conveyancing Panel?Find an Approved Solicitor on the Suffolk Building Society Conveyancing Panel
Suffolk Building Society Solicitor Panel Recently Asked Questions
I need to swap lawyers as my lawyer is not on the Suffolk Building Society panel of conveyancing solicitors. How easy is it to change conveyancer?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
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 Suffolk Building Society will not agree to this. Why was Suffolk Building Society even consulted?
Your lawyer being on the Suffolk Building Society conveyancing panel is duty bound to inform Suffolk Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Suffolk Building Society then they would have to discontinue acting for you and Suffolk Building Society.
Whilst your website is a good idea there are many lawyers listed near Hackney on the Suffolk Building Society conveyancing panel. Can you recommend a specific firm on the conveyancing panel for Suffolk 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. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
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 £4500. I want to have the title changed into my name whilst I re-mortgage to Suffolk Building Society , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Suffolk Building Society will insist on your using a conveyancer on the Suffolk 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 Suffolk 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 Suffolk Building Society mortgage is registered as a charge at the Land Registry.
Are all Conveyancing Quality Solicitors on the Suffolk Building Society conveyancing panel?
A selection of banks and building societies now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
When it comes to lenders such as Suffolk Building Society do solicitors have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
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 in the pipeline. My conveyancing solicitor has been instructed. What should be my next step? At what point should I appy for the mortgage with Suffolk 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 Suffolk 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 Suffolk Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.