Find a Law Firm approved by Marsden Building Society

Even though it may seem unfair for Marsden Building Society to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Marsden Building Society are limiting their panel of approved conveyancing lawyers to a size that they are happy to control. The Marsden Building Society lawyer panel is not the most restricted

The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Marsden Building Society conveyancing panel as a standard part of the process, and to the valuer when requested.

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 Marsden 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.

Most conveyancing panel lawyers for Marsden 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.

The fact that your lawyer is on the Marsden Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain

You will need to appoint solicitors independently although you'll need to choose one on the Marsden Building Society conveyancing panel. The solicitor represents both you and the Marsden Building Society through the process.

Your original mortgage agreement with Marsden Building Society will provide that you need their approval in advance of letting out your property as this is likely to be a breach of Marsden Building Society’s mortgage conditions. It may be that Marsden Building Society 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 Marsden Building Society directly. You need not do this via a Marsden Building Society conveyancing panel solicitor.

Marsden Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Marsden Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Marsden Building Society you could contact your them to see if they have a list of approved surveyors.