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

Market Harborough Building Society Solicitor Panel Recently Asked Questions

My wife and I are first time buyers. Within the last couple of days our lawyer has sent a preliminary report and documents to look through with a view to exchanging next week. Market Harborough Building Society have this morning contacted us to inform me that they have now hit a problem as our lawyer is not on their conveyancing panel. Please explain?
When purchasing a property with the benefit 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 property lawyers 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 solicitors to act. You don't have to instruct a 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 may delay matters as you are adding another lawyer into the mix.

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 Market Harborough Building Society will not agree to this. Why was Market Harborough Building Society even consulted?
Your lawyer being on the Market Harborough Building Society conveyancing panel is duty bound to inform Market Harborough Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Market Harborough Building Society then they would have to discontinue acting for you and Market Harborough Building Society.
I am looking for online conveyancing estimates. Can I be assured that all the practices that are listed on your site are on the Market Harborough Building Society conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have assured us via an online form that they are on the Market Harborough Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Market Harborough Building Society panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Market Harborough Building Society conveyancing panel is incorrect.
I am selling my house. Does my solicitor have to be on the Market Harborough Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Market Harborough Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Is there a list of Market Harborough Building Society panel solicitors on the Council of Mortgage Lender’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.
How can we tell if a solicitor on the Market Harborough Building Society panel is any good?
Getting recommendations is a good start. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor conducting your transaction
My offer on house has been 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 in the pipeline. 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.