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approved by Dudley Building Society
Ready to buy a new home? Failing to check that a lawyer is on the Dudley Building Society 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 Dudley Building Society Conveyancing Panel? How can my firm be reinstated onto the Dudley Building Society Conveyancing Panel?Find an Approved Solicitor on the Dudley Building Society Conveyancing Panel
Common questions asked concerning the Dudley Building Society Conveyancing Panel
My partner and I are FTBs. Within the last couple of days our conveyancer has forwarded the sale agreement to sign with a detailed report in anticipation of exchanging contracts shortly. Dudley Building Society have this afternoon contacted us to advise us that there is now an issue as our conveyancer is not on their conveyancing panel. Please explain?
When purchasing a property with the benefit of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.
In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitors should contact Dudley Building Society and see if they can apply for membership of the Dudley Building Society conveyancing panel, but if that is not viable Dudley Building Society will instruct their own lawyers to represent them. You don't have to instruct a firm on the Dudley Building Society conveyancing panel as you are at liberty to use your preferred lawyers, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
can you help? My conveyancer is advising me that he is legally obliged to conduct a Local Authority search as the firm are on the Dudley Building Society solicitor panel. The searches cost a lot of money. Can this be avoided?
You have limited options available to you. As you are taking a mortgage with Dudley Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Dudley Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Dudley Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I am buying a flat and require a conveyancing solicitor in London who is on the Dudley Building Society solicitor. Can you recommend a local firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Dudley Building Society . We don’t recommend any particular firm.
The firm that I recently instructed on my house acquisition in London has without warning shut down. I only went with them because I had to have a lawyer on the Dudley Building Society conveyancing panel and my family lawyer was not. I paid them £200 on account. What are my options?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Dudley Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist
Are all solicitor firms on the Dudley Building Society conveyancing panel overseen by the SRA?
As a firm of solicitors, in order to be on the Dudley 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).
I have a mortgage with Dudley Building Society. My uncle has just retired and wants to pay off my mortgage. After Dudley Building Society is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Dudley Building Society conveyancing panel? I do not intend to live at the property once the Dudley Building Society mortgage is discharged.
You
will need a solicitor but they need not be on the Dudley 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. There's no capital gains tax for you as it is
your main residence.
My offer was accepted on a property on the 6th February 2014, valuation was booked 4 days later, received a clean bill of health. Conveyancer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Dudley Building Society and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Dudley Building Society conveyancing panel. Are Dudley Building Society entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Dudley Building Society to deal with your lawyers application to be on the Dudley Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.