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approved by Melton Mowbray BS

Ready to buy a new home? Failing to check that a lawyer is on the Melton Mowbray BS list of approved solicitors can put your transaction at risk of delay or failure.

Find an Approved Solicitor on the Melton Mowbray Building Society Conveyancing Panel

Melton Mowbray Building Society Solicitor Panel Example Support Desk Enquires

My partner and I are first time buyers. Within the 48 hours our lawyer has forwarded the sale agreement to sign with a detailed report with a view to exchanging next week. Melton Mowbray Building Society have this morning contacted us to advise us that they have now hit a problem as our lawyer is not on their approved list of lawyers. Is this a problem?
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 solicitors should contact Melton Mowbray Building Society and see if they can apply for membership of the Melton Mowbray Building Society conveyancing panel, but if that is not viable Melton Mowbray Building Society will instruct their own lawyers to represent them. You don't have to instruct a firm on the Melton Mowbray 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 have another set of people involved.

My conveyancer has discovered a discrepancy when comparing the information in Melton Mowbray Building Society’s home valuation survey and what is revealed within the legal papers for the property. My lawyer informs me that as he is on the Melton Mowbray Building Society conveyancing panel he is obliged to check that the bank is with this discrepancy and is content go ahead. Is my solicitor’s course or action correct?
A precondition to being on the Melton Mowbray Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Melton Mowbray Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I have been searching for conveyancing quotes online. Can I be assured that all the law firms that are identified on your site are on the Melton Mowbray Building Society conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the Melton Mowbray Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Melton Mowbray 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 Melton Mowbray Building Society conveyancing panel is not accurate.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Melton Mowbray Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Melton Mowbray 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.
When it comes to lenders such as Melton Mowbray Building Society do lawyers have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I'm in the process of viewing houses and am about to put in an offer. Should I already have a conveyancer appointed at this stage? I I am planning to take a home loan with Melton Mowbray Building Society
It would be sensible to have your start your search soon rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Melton Mowbray Building Society , make sure you remember to check that your lawyer is on the Melton Mowbray Building Society conveyancing panel.
I have instructed a lawyer having checked that they are on the Melton Mowbray Building Society conveyancing panel. Does my lawyer arrange the survey of the property? Or I've digested plenty of house buying,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the Melton Mowbray Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Melton Mowbray Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Melton Mowbray 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 Melton Mowbray Building Society you could contact your them to see if they have a list of approved surveyors.