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Family Building Society has a new Solicitor Panel.

28 November 2016

National Counties and The Family Building Society logo

On 1 December the Society’s conveyancing panel will be managed by LMS on their behalf. It'll be a requirement that any law firm acting for the Society is a member of this panel.

It may be worth contacting firms that customers wish to use prior to submission of an application to advise them of this. Firms may apply online at the following address: www.lms.com/lenderpanels

Registration requires key details of the law firm, answers to a series of questions and a copy of its Practising and PII certificates to be uploaded.

Their minimum requirements for panel membership are unchanged. Namely:

  • Minimum of two partners / directors
  • PII minimum cover of £2m provided by a “rated” insurer

There is no charge for a panel membership but they do require all firms to allow them to track the key stages of the transaction on LMS’ online system. Full details will be provided after successful appointment.

Please note that while firms may have acted for them in the past, a new registration is required.

If you have any questions contact their Mortgage Desk on:

Telephone: 01372 744155 Email: mortgage.desk@familybsoc.co.uk


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