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approved by Melton Mowbray BS
Ready to buy a new home? Failing to check that a lawyer is on the Melton Mowbray 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 Melton Mowbray Building Society Conveyancing Panel? How can my firm be reinstated onto the Melton Mowbray Building Society Conveyancing Panel?Find an Approved Solicitor on the Melton Mowbray Building Society Conveyancing Panel
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Is the fact that my conveyancer is not isted on the Melton Mowbray Building Society Solicitor panel that there is a problem with the quality of the firm’s work?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Melton Mowbray Building Society.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Melton Mowbray Building Society will not agree to this. Why was Melton Mowbray Building Society even consulted?
Your lawyer being on the Melton Mowbray Building Society conveyancing panel is duty bound to inform Melton Mowbray Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Melton Mowbray Building Society then they would have to discontinue acting for you and Melton Mowbray Building Society.
I am buying a flat and require a conveyancing solicitor in Manchester who is on the Melton Mowbray Building Society solicitor. Could you point me in the right direction as regards a firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Melton Mowbray Building Society . We don’t recommend any particular firm.
Can you clarify what the consequences are if my lawyer’s firm is expelled from the Melton Mowbray Building Society Solicitor panel in advance of the completion date?
First, 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.
Can you point me to a directory of Melton Mowbray Building Society panel conveyancers on the CML Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
I had instructed online conveyancers based in Bristol who are on the Melton Mowbray Building Society solicitor panel. They are now charging me a separate fee of £135 for the legal aspects of the Melton Mowbray Building Society mortgage. Is this a supplemental conveyancing fee set by Melton Mowbray Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Melton Mowbray Building Society but by your lawyers. Some firms on the Melton Mowbray Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to proceed? I hope to get a mortgage with Melton Mowbray Building Society. Is there anyway to cut out the solicitors to save us both money? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Melton Mowbray Building Society involved you will need to appoint a solicitor on the Melton Mowbray 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 Melton Mowbray Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Melton Mowbray Building Society conveyancing panel.