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approved by Swansea BS
Ready to buy a new home? Failing to check that a lawyer is on the Swansea 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 Swansea Building Society Conveyancing Panel? How can my firm be reinstated onto the Swansea Building Society Conveyancing Panel?Find an Approved Solicitor on the Swansea Building Society Conveyancing Panel
Frequently asked questions relating to the Swansea Building Society Solicitor Panel
My mortgage broker has asked me for my law firm’s panel member for the Swansea Building Society conveyancing panel. Can you suggest how I find this out. I have tried my local Swansea Building Society branch but they don't know it.
the sensible thing to do is ask for this information from your solicitor. They should have a central record lender panel numbers including the Swansea Building Society panel reference.
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 Swansea Building Society will not agree to this. Why was Swansea Building Society even consulted?
Your lawyer being on the Swansea Building Society conveyancing panel is duty bound to inform Swansea Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Swansea Building Society then they would have to discontinue acting for you and Swansea Building Society.
Whilst your website is a good idea there are many lawyers listed near Manchester on the Swansea Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Swansea 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 house is up for sale and I have a buyer. Does my solicitor have to be on the Swansea Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Swansea Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Is it the case that all solicitors on the Swansea Building Society conveyancing panel regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Swansea Building Society conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
My brother and I have agreed a price on a flat I spoke to a lawyer recommended by my uncle and he suggested using a law firm approved by Swansea Building Society. The estate agent recommended two local firms so I asked Swansea Building Society if the 2 suggested solicitors are approved, which they are not. Swansea Building Society suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Swansea Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Swansea Building Society for conveyancing panel firms in your area. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Swansea Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Swansea Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Swansea Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
My existing mortgage is with Swansea Building Society. My grandfather retired last week and wants to pay off my mortgage. After Swansea 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 Swansea Building Society conveyancing panel? I do not intend to live at the property once the Swansea Building Society mortgage is discharged.
You
will need a solicitor but they need not be on the Swansea Building Society conveyancing 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.