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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.
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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 : Questions and Answers
I instructed a solicitor to carry out on my remortgage six weeks ago having applied for a mortgage with Stafford Railway Building Society. The solicitors confirmed to me that they are on Stafford Railway Building Society conveyancing panel and provided me their panel number. Stafford Railway Building Society then called me to say that their panel number was dormant and would need to be reactivated. What do I do from here? Do I instruct a different law firm currently on the conveyancing panel for Stafford Railway Building Society?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Stafford Railway Building Society as to the time frame to get your lawyer reinstated on the panel once again.
Please help. My solicitor is advising me that he is legally obliged to conduct a Local Authority search as the firm are on the Stafford Railway Building Society approved lawyer panel. The searches cost a lot of money. Can this be avoided?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with Stafford Railway 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 Stafford Railway Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Stafford Railway Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I am planning to acquire a flat and need a conveyancing solicitor in Leeds who is on the Stafford Railway Building Society conveyancing. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Stafford Railway Building Society . We don’t recommend any particular firm.
My grandfather passed away six months ago and as sole heir and executor was left the property. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Stafford Railway Building Society , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Stafford Railway Building Society will insist on your using a conveyancer on the Stafford Railway 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 Stafford Railway 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 Stafford Railway Building Society mortgage is registered as a charge at the Land Registry.
When it comes to mortgage companies such as Stafford Railway Building Society do lawyers have to be pay a fee to be on the conveyancing panel?
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.
For 5 years I had a mortgage with Stafford Railway Building Society. My grandfather retired last week and wants to pay off my mortgage. After Stafford Railway 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 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. There's no capital gains tax for you as it is
your main residence.
I have instructed a lawyer having checked that they are on the Stafford Railway Building Society conveyancing panel. Does my lawyer arrange the survey of the property?
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Having read lots of mortgage guides,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the Stafford Railway Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Stafford Railway Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Stafford Railway Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey.
You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
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Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Stafford Railway Building Society you could contact your them to see if they have a list of approved surveyors.