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How does my firm apply to be on the Melton Mowbray Building Society Conveyancing Panel? How can my firm be reinstated onto the Melton Mowbray Building Society Conveyancing Panel?Find an Approved Solicitor on the Melton Mowbray Building Society Conveyancing Panel
Melton Mowbray Building Society Conveyancing Panel : Questions and Answers
I am expecting a mortgage offer from Melton Mowbray Building Society. I would like to enlist the help of a Licensed Conveyancer. Does the Melton Mowbray Building Society Solicitor panel allow for conveyancers regulated by the CLC
Melton Mowbray Building Society’s conveyancing panel is, like many other lenders represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Our lawyer has uncovered a problem with the lease for the property we are buying. The other side have suggested defective title insurance as a workaround. We are happy with insurance and will cover the costs. Our solicitor says that as he is on the Melton Mowbray Building Society conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Melton Mowbray Building Society?
Just because you have a mortgage offer from Melton Mowbray 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 Melton Mowbray Building Society are the client. The appropriate lender requirements have to be complied with by the Melton Mowbray Building Society conveyancing panel who has to balance acting for you and Melton Mowbray Building Society
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Melton Mowbray Building Society conveyancing panel. My lawyer has said that they are on the Melton Mowbray Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Melton Mowbray Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Melton Mowbray Building Society solicitor panel.
I am considering applying for a Melton Mowbray Building Society mortgage for purchase of a newly converted (under development) with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Melton Mowbray Building Society?
In theory, you could use a solicitor that is not on Melton Mowbray Building Society conveyancing panel, but Melton Mowbray 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.
Can you point me to a directory of Melton Mowbray Building Society panel conveyancers 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.
Do conveyancing solicitors on the Melton Mowbray Building Society conveyancing panel work on a no sale no fee basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
Do most banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Melton Mowbray Building Society conveyancing panel requirements are different to Melton Mowbray Building Society’s conveyancing panel requirements.