Find a Law Firm
approved by Market Harborough BS
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.
Find an Approved Solicitor on the Market Harborough Building Society Conveyancing Panel
Examples of recent questions relating to the Market Harborough Building Society Conveyancing Panel
My wife and I are novices when it comes to buying a property. Within the 48 hours our lawyer has forwarded the sale agreement to sign with a detailed report in anticipation of exchanging contracts shortly. Market Harborough Building Society have this morning contacted us to advise us that they have now hit a problem as our conveyancer is not on their approved list of lawyers. Please explain?
If you are buying a property with the assistance of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.
In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitors should contact Market Harborough Building Society and see if they can apply for membership of the Market Harborough Building Society conveyancing panel, but if that is not viable Market Harborough Building Society will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the Market Harborough Building Society conveyancing panel and you may continue to use your own solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
Much to my surprise my lawyer has requested from me personal identification documents asserting that this is part of his requirements as a conveyancer on the Market Harborough Building Society Solicitor panel. Can you confirm whether this is the case?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Market Harborough Building Society your lawyer also has to check ID documents to satisfy Market Harborough Building Society
I am buying a house and need a conveyancing solicitor in Birmingham who is on the Market Harborough Building Society conveyancing. Could you point me in the right direction as regards a solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Market Harborough Building Society . We don’t recommend any particular firm.
My solicitors in Manchester have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with Market Harborough Building Society. Is it case that being on the Market Harborough Building Society conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Market Harborough Building Society Conveyancing Panel Terms. It might be worth you contacting Market Harborough Building Society directly.
I am currently in the process of buying my council flat. I have a mortgage agreed with Market Harborough Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Market Harborough Building Society you will need to appoint a solicitor on the Market Harborough Building Society conveyancing panel.
My ex -wife’s name is on the Market Harborough 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 Market Harborough Building Society mortgage in order to sell?
As regards the Market Harborough 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 Market Harborough 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.
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What should be my next step? At what point should I appy for the mortgage with Market Harborough Building Society?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Market Harborough Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Market Harborough Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.