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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.
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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 progressing with the sale of my house and the estate agent has just called to say that the buyers are appointing a new solicitor. I am told that this is due to the fact that Melton Mowbray Building Society will only work with property lawyers on their conveyancing panel. On what basis would a leading lender only work with certain solicitors?
Mortgage companies have always had panels of law firms they are willing to work with, but in the past few years big names such as Lloyds Banking Group, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 25 years.
Banks blame a rise in fraud by way of justification for the cull – criteria have been tightened and a smaller panel should be easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels, or have other concerns about them. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyer’s case. Your purchasers are unlikely to have any sway in the decision.
Can you clarify something for me?. My lawyer is not to blame 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 6. My lawyer has advised that as she is on the Melton Mowbray Building Society conveyancing panel she needs to redo the searches as they are no longer valid.
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 states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Melton Mowbray Building Society.
I am planning to acquire a house and require a conveyancing solicitor in Liverpool who is on the Melton Mowbray Building Society conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Melton Mowbray Building Society . We don’t recommend any particular firm.
My aunt passed away last year and as sole heir and executor was left the property. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds 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.
Are all Conveyancing Quality Solicitors on the Melton Mowbray Building Society conveyancing panel?
It is true that some banks and building societies now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
We are getting a further advance on our mortgage from Melton Mowbray Building Society as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Melton Mowbray Building Society conveyancing panel to deal with the legals?
Melton Mowbray Building Society do not ordinarily instruct a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Melton Mowbray Building Society panel
The for formalities of my purchase has taken place with a loan from Melton Mowbray Building Society. Conveyancing was satisfactory but I feel I should register my dissatisfaction about Melton Mowbray Building Society. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the Melton Mowbray Building Society branches or the Customer Care Team at Melton Mowbray Building Society head office. In most cases complaints to Melton Mowbray Building Society are resolved very quickly. 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 with full details of your complaint.