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approved by Manchester Building Society
Ready to buy a new home? Failing to check that a lawyer is on the Manchester Building Society list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the Manchester Building Society Conveyancing Panel? How can my firm be reinstated onto the Manchester Building Society Conveyancing Panel?Find an Approved Solicitor on the Manchester Building Society Conveyancing Panel
Common questions asked concerning the Manchester Building Society Conveyancing Panel
For what reasons would a firm of solicitors be removed from the Manchester Building Society approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been excluded from a lender panel. The top reasons in order are :
- lack of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Manchester Building Society
Our conveyancer has discovered a defect with the lease for the property we are buying. The seller’s lawyers have suggested title insurance as a solution. We are happy with insurance and will pay for it. Our solicitor has advised that as he is on the Manchester Building Society conveyancing panel he must check that the lender is happy with this solution. Are we the client or is Manchester Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Manchester Building Society are the client. A precondition to being on the Manchester Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Manchester Building Society). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Manchester Building Society can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I note that you have a search directory listing firms on the Manchester Building Society conveyancing panel. Do firms pay you a referral fee if I appoint them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Manchester Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am buying a terraced house and getting a mortgage with Manchester Building Society. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Manchester Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Manchester Building Society conveyancing panel in your location.
Are all solicitor practices on the Manchester Building Society conveyancing panel regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Manchester 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 am about to exchange contracts on a purchase with a mortgage from Manchester Building Society. The report from my solicitor mentions that Manchester Building Society could withdraw their offer before completion. Is this right?
Banks and Building Societies such as Manchester Building Society can withdraw their mortgage offer although this rarely happens. In the unlikely event that Manchester Building Society withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are many potential reasons but here are a number of examples:
- Where information comes to Manchester Building Society ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
- If the borrower informs Manchester Building Society of a change in the loan amount agreed
- Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
- Where to proceed with the Mortgage offer would be unlawful
- Following advice from the valuer on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
We were going to get a DIP from Manchester Building Society this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Manchester Building Society recommend a solicitor on the Manchester Building Society conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Manchester Building Society conveyancing panel. The solicitor represents both you and the Manchester Building Society through the process.