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Tipton Coseley Building Society and other lenders ordinarily restrict either the type or the number of conveyancing solicitors on their panel. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that Tipton Coseley Building Society have no responsibility for the quality of advice provided by any member of Tipton Coseley Building Society Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, Conveyancing is not their speciality? To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime; probably not.

All property lawyers on the Tipton Coseley Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Tipton Coseley Building Society’s Part 2 requirements of the CML Handbook (last updated on Tipton Coseley Building Society). Being on the Tipton Coseley Building Society conveyancing panel your lawyer is expect to follow these instructions.

The law firms listed on our site have advised us that they are on the Tipton Coseley Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Tipton Coseley Building Society panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Tipton Coseley Building Society conveyancing panel is not accurate.

If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. 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 Tipton Coseley 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 should be in a position to help

Given that you are obtaining a mortgage with Tipton Coseley Building Society your lawyer must to check the Tipton Coseley Building Society conveyancing instructions contained in the Part of CML Handbook for Tipton Coseley Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Tipton Coseley Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.

Lenders such as Tipton Coseley Building Society can revoke their mortgage offer although this is unusual. If Tipton Coseley Building Society withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are various possible reasons but here are a number of examples:

• Tipton Coseley Building Society may amend or withdraw an offer if the Tipton Coseley Building Society conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied

• Many mortgage offers have an expiry date. Your lawyer should check this. Tipton Coseley Building Society may amend or withdraw an offer before the end of its validation period if an offer extension is requested and following a re-evaluation of the property the value of the security is below a level which is acceptable to them.

• A cashback to the buyer, or | part of the price includes a non-cash incentive to the buyer (eg paid stamp duty land tax),or | any indirect incentive (cash or non cash) or rental guarantee, of which the lender was previously unaware