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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.

Find an Approved Solicitor on the Market Harborough Building Society Conveyancing Panel

FAQs : The Market Harborough Building Society Solicitor Panel

I am progressing with the sale of my house and the EA has just e-mailed to advise that the buyers are swapping law firm. I am told that this is due to the fact that Market Harborough Building Society will only work with solicitors on their conveyancing panel. Why would a big named mortgage company only deal with specific lawyers?
Lenders have always had panels of law firms they are willing to work with, but in the past few years big names such as Nationwide , have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.

Banks point to the increase in fraud by way of justification for the cull – criteria have been tightened and a smaller panel should be easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels, or have other concerns about them. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyer’s case. Your purchasers are unlikely to have any sway in the decision.

Our god-son is buying a newly built flat with a mortgage from Market Harborough Building Society. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Market Harborough Building Society conveyancing panel as a standard part of the process, and to the surveyor when asked.

The Developer will be required to start the process by downloading the form and completing it.

The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Market Harborough Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Do I have to attend the offices of the Market Harborough Building Society conveyancing panel solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Newcastle so that I can pop in to their offices when needed.
Most conveyancing panel lawyers for Market Harborough Building Society undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
I was scheduled to move into my first house last Thursday. My lawyer’s firm is on the Market Harborough Building Society solicitors panel but has moved offices 8 weeks ago and had not informed Market Harborough Building Society of their new address. Market Harborough Building Society has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Market Harborough Building Society branch or your mortgage broker to see if they can assist.
When it comes to mortgage companies such as Market Harborough Building Society do lawyers have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I have today made my last payment due on mortgage with Market Harborough Building Society. I assume I don't need a solicitor on the Market Harborough Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Market Harborough Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Market Harborough Building Society mortgage from the register. Market Harborough Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the Market Harborough Building Society has sent the Land Registry the discharge electronically, and the Market Harborough Building Society has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your Market Harborough Building Society mortgage has been paid off.
I was told three weeks ago that my mortgage has been agreed to by Market Harborough Building Society. Is it usual for Market Harborough Building Society to only issue the offer once my solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Market Harborough Building Society to deal with your lawyers application to be on the Market Harborough Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.