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Manchester Building Society Conveyancing Panel : Questions and Answers
Am I correct in assuming that the fact that my conveyancer is not identified on the Manchester Building Society Conveyancing panel that there is a problem with the standard of his 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 Manchester Building Society.
Expecting to move into my new home next Monday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for Manchester Building Society. What does the insurance need to cover?
Any lawyer on the Manchester Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Manchester Building Society’s Part 2 requirements of the CML Handbook (last updated on Manchester Building Society). Being on the Manchester Building Society conveyancing panel your lawyer is expect to follow these requirements.
Your search tool is useful but there are many lawyers listed near London on the Manchester Building Society conveyancing panel. Can you recommend a specific firm on the Manchester Building Society approved panel?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
We're in Wales, First timers purchasing with a mortgage (lender is Manchester Building Society , but our solicitor is on the Manchester Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Manchester Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
I previously instructed online solicitors located in Birmingham who are on the Manchester Building Society solicitor panel. They have just invoiced me a separate fee of £150 for the legal aspects of the Manchester Building Society mortgage. Is this an additional conveyancing fee specified by Manchester 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 Manchester Building Society but by your lawyers. Some firms on the Manchester Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
Completion of my purchase has taken place with a mortgage from Manchester Building Society. Conveyancing was a necessary evil but I would like to complain about Manchester Building Society. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the Manchester Building Society branches or the Customer Services Team at Manchester Building Society head office. Ordinarily complaints to Manchester Building Society are sorted out effectively and efficiently. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
My ex -wife’s name is on the Manchester Building Society mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Manchester Building Society mortgage in order to sell?
As regards the Manchester Building Society mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Manchester Building Society in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.
Transfer of Equity for Manchester Building Society
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