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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.
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How does my firm apply to be on the Market Harborough Building Society Conveyancing Panel? How can my firm be reinstated onto the Market Harborough Building Society Conveyancing Panel?Find an Approved Solicitor on the Market Harborough Building Society Conveyancing Panel
FAQs for the Market Harborough Building Society Solicitor Panel
I am progressing with the sale of my flat and the estate agent has just called to say that the purchasers are appointing a new law firm. The excuse is that Market Harborough Building Society will only work with property lawyers on their approved list. Why would a major lender only deal with specific solicitors?
Banks have always had an approved set 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 blame a rise 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 hearing daily from firms 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.
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 competitive conveyancing fees. Can I be confident that all the law firms that are listed on your website are on the Market Harborough Building Society conveyancing panel?
The law firms on our directory have advised us 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 mortgage company or a member of the public that the data about a specific firm being on the Market Harborough Building Society conveyancing panel is not accurate.
I am thinking of mortgaging my property does my lawyer have to be on the Market Harborough Building Society Solicitor panel?
In theory, you could use a solicitor that is not on Market Harborough Building Society conveyancing panel, but Market Harborough Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to proceed? I plan to obtain a mortgage with Market Harborough Building Society. Is it possible to avoid using solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Market Harborough Building Society involved you will need to appoint a solicitor on the Market Harborough Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Market Harborough Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Market Harborough Building Society conveyancing panel.
We have had an offer accepted on a house I spoke to a lawyer recommended by my uncle and he advised using a law firm approved by Market Harborough Building Society. The estate agent recommended two local firms so I asked Market Harborough Building Society if the 2 suggested solicitors are approved, which they are not. Market Harborough Building Society pointed out that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Market Harborough Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Market Harborough Building Society to suggest a law firm in your location. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Market Harborough Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Market Harborough Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Market Harborough Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
Sometime soon me and my wife are remortgaging a penthouse in Hendon. Conveyancing solicitors in Hendon are preferred to beretained. My brokeradvised that we enquire that the conveyancer in Hendon is on the Market Harborough Building Society panel. Is this really necessary?
A limited percentage of Hendon conveyancing practices are on the Market Harborough Building Society conveyancing panel. 7 people a month use our search tool to find a Hendon conveyancing practitioner on the on the Market Harborough Building Society list of approved conveyancing firms.