Find an Approved Solicitor on the Melton Mowbray Building Society
Frequently asked questions relating to the Melton Mowbray Building Society Conveyancing Panel
My partner and I are first time buyers. Within the last couple of days our lawyer has forwarded the sale agreement to sign with a detailed report in anticipation of exchanging contracts shortly. Melton Mowbray Building Society have this afternoon contacted us to advise us that there is now an issue as our conveyancer is not on their approved list of lawyers. Please explain?
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 Quality Scheme.
Your property lawyers 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 solicitors to act. You don't have to instruct a firm on the Melton Mowbray Building Society conveyancing panel as you are at liberty to use your preferred lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
My lawyer has uncovered an inconsistency when comparing the surveyor’s assumptions in Melton Mowbray Building Society’s home valuation report and what is revealed within the legal papers for the property. My solicitor says that as he is on the Melton Mowbray Building Society conveyancing panel he must check that the lender is with this discrepancy and is still content to lend. Is my conveyancer’s approach 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.
Your search tool is useful but there are many lawyers listed near Leeds on the Melton Mowbray Building Society conveyancing panel. Can you recommend a specific firm on the conveyancing panel for Melton Mowbray Building Society ?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
We're in Liverpool, First time buyers buying with a mortgage (lender is Melton Mowbray Building Society , but our solicitor is on the Melton Mowbray Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Melton Mowbray 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
When it comes to mortgage companies such as Melton Mowbray Building Society do solicitors have to be pay a fee to be on the conveyancing panel?
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.
Completion of my remortgage has taken place with a mortgage from Melton Mowbray Building Society. Conveyancing was satisfactory but I feel I should register my dissatisfaction about Melton Mowbray Building Society. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first port of call should be one of the Melton Mowbray Building Society branches or the Customer Care Department at Melton Mowbray Building Society head office. Ordinarily complaints to Melton Mowbray Building Society are sorted out effectively and efficiently. However if you are not satisfied that the matter is resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I have not been happy with the level or service received from my lawyer. Is there a Melton Mowbray Building Society conveyancing panel complaints department or do I complain directly to the law firm?
Complaining to Melton Mowbray Building Society about their conveyancing panel is unlikely to yield much of a response. Every solicitor firm and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is addressed by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.