Vernon BS Conveyancing Panel Information

Solicitors and licensed conveyancers acting for the Society must have the appropriate professional qualifications, professional indemnity insurance, adequate cover for absence, and properly constituted commercial premises with adequate provision for the secure storage of deeds.

The Society requires the following:

(i)    All Solicitor firms must have a minimum of 2 SRA approved managers 

(ii)    All Licenced Conveyancer firms must have a minimum of 2 Licenced Conveyancers
 

We may amend or withdraw the offer in any of the following circumstances:

(i) the term of the mortgage offer has expired;

(ii) a change in financial circumstances or other material circumstances of the borrower;

(iii) a change in the LTV of the proposed mortgage;

(iv) any incentive which has not been properly disclosed;

(v) if any other information provided which enables us to make our lending decision is incorrect or misleading or, if information which should have been disclosed, was not;

(vi) if any of the special conditions of the mortgage cannot be met;

(vii) where any of the above applies to any proposed guarantor.

Refer to Mortgage Department (see A3) if any of the above applies.