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Ready to buy a new home? Failing to check that a lawyer is on the Market Harborough 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 Market Harborough Building Society Conveyancing Panel? How can my firm be reinstated onto the Market Harborough Building Society Conveyancing Panel?Find an Approved Solicitor on the Market Harborough Building Society Conveyancing Panel
Q and A’s regarding the Market Harborough Building Society Conveyancing Panel
I need to swap lawyers as my lawyer is not on the Market Harborough Building Society panel of conveyancing solicitors. Is it practical to instruct different lawyers?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
My conveyancer has identified an inconsistency between the surveyor’s assumptions in Market Harborough Building Society’s valuation survey and what is in the legal papers for the property. My solicitor has advised that as he is on the Market Harborough Building Society conveyancing panel he must check that the lender is OK with this discrepancy and is content go ahead. Is my solicitor’s approach appropriate?
A precondition to being on the Market Harborough Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Market Harborough Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
How do I search for a local solicitor on the Market Harborough Building Society conveyancing panel? I have a car and am prepared to travel up to 25 miles to meet the solicitor.
You can use the find a conveyancing panel tool on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Market Harborough Building Society solicitor panel.
Can you clarify what the consequences are if my lawyer’s firm is expelled from the Market Harborough Building Society Solicitor panel prior to completion?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Do the majority of banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Market Harborough Building Society conveyancing panel requirements are different to Market Harborough Building Society’s conveyancing panel requirements.
I am buying a property where the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Market Harborough Building Society be concerned
As your lender is Market Harborough Building Society your lawyer must to check the Market Harborough Building Society conveyancing instructions contained in the Part of CML Handbook for Market Harborough Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Market Harborough 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.
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to move forward? I plan to obtain a mortgage with Market Harborough Building Society. Is there anyway to cut out the solicitors to save us both money? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Market Harborough Building Society involved you will need to appoint a solicitor on the Market Harborough Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Market Harborough Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Market Harborough Building Society conveyancing panel.