Find a Law Firm
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
Q and A’s regarding the Melton Mowbray Building Society Solicitor Panel
My financial adviser has has requested my law firm’s panel member for the Melton Mowbray Building Society conveyancing panel. Can you suggest how I find this out. I have tried my local Melton Mowbray Building Society office but they cant find it on their system.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Melton Mowbray Building Society.
Our conveyancer has discovered a legal deficiency with the lease for the property we are purchasing. The other side have suggested defective title insurance as a solution. We are happy with insurance and will pay for it. Our solicitor has advised that as he is on the Melton Mowbray Building Society conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is Melton Mowbray Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Melton Mowbray Building Society are the client. 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). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Melton Mowbray Building Society can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
What tools are available to find a local solicitor on the Melton Mowbray Building Society conveyancing panel? I have a car and am prepared to travel up to 20 miles to meet the lawyer.
Feel free to make use of the find a conveyancing panel search on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Melton Mowbray Building Society solicitor panel.
Can you clarify what the consequences are if my solicitor is expelled from the Melton Mowbray Building Society Solicitor panel prior to the completion date?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
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.
I am selling my house. I had a double glazing fitted in month 6 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Melton Mowbray Building Society are being pedantic. The solicitor who is on the Melton Mowbray Building Society conveyancing panel is recommending indemnity insurance as a solution but Melton Mowbray Building Society are insisting on a building regulation certificate. Why do Melton Mowbray Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Melton Mowbray Building Society have referred the matter to their valuer. The reason why Melton Mowbray Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
My ex -wife’s name is on the Melton Mowbray Building Society mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Melton Mowbray Building Society mortgage in order to sell?
As regards the Melton Mowbray Building Society mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Melton Mowbray Building Society in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.