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approved by Marsden Building Society
Ready to buy a new home? Failing to check that a lawyer is on the Marsden Building Society list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the Marsden Building Society Conveyancing Panel? How can my firm be reinstated onto the Marsden Building Society Conveyancing Panel?Find an Approved Solicitor on the Marsden Building Society Conveyancing Panel
Marsden Building Society Conveyancing Panel Example Support Desk Enquires
I was advised recently by my IFA that my property lawyer is not on the Marsden Building Society Conveyancing panel. How can I check?
The best course of action for you to take is to contact your conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the the approved Marsden Building Society solicitor panel.
My property lawyer has requested from me proof of ID documents asserting that this is part of his legal duty as a solicitor on the Marsden Building Society Solicitor panel. Am I being spun a yarn?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that Marsden Building Society also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Marsden Building Society CML Handbook requirements last updated on Marsden Building Society
Do banks and building societies provide you with an approved list of solicitors? How do you know who is on the Marsden Building Society conveyancing panel?
The law firm practices themselves provide us confirmation that they are on the Marsden Building Society conveyancing panel as opposed to being supplied with a list from Marsden Building Society directly.
The solicitors that I appointed last week on my purchase in London has without warning shut down. I chose them because I needed a firm on the Marsden Building Society conveyancing panel and my previous lawyer was not. I paid them £200 on account. What do I do now?
If you have an estate agent involved then inform them immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Marsden Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Marsden 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?
As your lender is Marsden Building Society your lawyer must to check the Marsden Building Society conveyancing instructions contained in the Part of CML Handbook for Marsden Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Marsden Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
For 5 years I had a mortgage with Marsden Building Society. My grandfather retired last week and wants to pay off the mortgage left on the property. After Marsden Building Society is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Marsden Building Society conveyancing panel? I do not intend to live at the property once the Marsden Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Marsden Building Society panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.
My ex -wife’s name is on the Marsden 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 Marsden Building Society mortgage in order to sell?
As regards the Marsden 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 Marsden 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.