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

Q and A’s regarding the Market Harborough Building Society Conveyancing Panel

Am I correct in assuming that the fact that my conveyancer is not isted on the Market Harborough Building Society Conveyancing panel that there is a problem with the standard 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 Market Harborough Building Society.
Our conveyancer has discovered a problem with the lease for the property we are purchasing. The other side have suggested title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer has advised that as he is on the Market Harborough Building Society conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Market Harborough Building Society?
Just because you have a mortgage offer from Market Harborough Building Society does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Market Harborough Building Society are the client. The appropriate lender requirements must be adhered to by the Market Harborough Building Society conveyancing panel who has to balance acting for you and Market Harborough Building Society
Do I have to have a meeting at the offices of the Market Harborough Building Society conveyancing panel solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Bristol so that I can pop in to their offices if necessary.
Whereas this was necessary 15 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Bristol .
I am buying a garden flat and getting a mortgage with Market Harborough Building Society. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Market Harborough Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Market Harborough Building Society conveyancing panel in your location.
Is there a list of Market Harborough Building Society panel solicitors on the Building Society Association’s 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.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Market Harborough Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that 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. The CML are developing guidance for Northern Ireland and Scotland.
The mortgage over my property is with Market Harborough Building Society. Conveyancing has been completed some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Market Harborough Building Society?
Market Harborough Building Society must be informed of your intention in advance of renting your property as this is likely to be a breach of Market Harborough Building Society’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Market Harborough Building Society directly. It should not be necessary to do this via a Market Harborough Building Society conveyancing panel solicitor.