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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

FAQs : The Melton Mowbray Building Society Conveyancing Panel

For what reasons would a law firm be excluded from the Melton Mowbray Building Society solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been excluded from a lender panel. The most common reasons in order are :
  1. Low volume of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by Melton Mowbray Building Society
Can you clarify something for me?. For no fault of my lawyer but, my purchase conveyancing has been going on for months. The Local Authority Search from Melton Mowbray Building Society was date stamped random date and we have agreed a date for me to move into the property on Tues etc. My solicitor informs me that as she is on the Melton Mowbray Building Society conveyancing panel she needs to redo the searches as they are no longer acceptable to the lender.
One of the many conditions 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 specifies that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Melton Mowbray Building Society.
Are the lawyers identified as being on the Melton Mowbray Building Society conveyancing panel, together with their details provided by Melton Mowbray Building Society?
The law firm practices themselves provide us confirmation that they are on the Melton Mowbray Building Society conveyancing panel as opposed to being supplied with a list from Melton Mowbray Building Society directly.
My grandfather passed away last year and as sole heir and executor was left the property. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Melton Mowbray Building Society , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Melton Mowbray Building Society will insist on your using a conveyancer on the Melton Mowbray Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Melton Mowbray Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Melton Mowbray Building Society mortgage is registered as a charge at the Land Registry.
We expect to receive a DIP from Melton Mowbray Building Society this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Melton Mowbray Building Society recommend a solicitor on the Melton Mowbray Building Society conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Melton Mowbray Building Society conveyancing panel. The solicitor represents both you and the Melton Mowbray Building Society through the process.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have telephoned Melton Mowbray Building Society on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Melton Mowbray Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the Melton Mowbray Building Society panel she or he must comply with the CML Handbook requirements for Melton Mowbray Building Society. Unless your lawyer obtains specific confirmation in writing that Melton Mowbray Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Melton Mowbray Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
Melton Mowbray Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Melton Mowbray Building Society or your broker and complete any relevant paperwork. Melton Mowbray Building Society will tell you what documents they want. Melton Mowbray Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Melton Mowbray Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.