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approved by Monmouthshire BS
Ready to buy a new home? Failing to check that a lawyer is on the Monmouthshire 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 Monmouthshire Building Society Conveyancing Panel? How can my firm be reinstated onto the Monmouthshire Building Society Conveyancing Panel?Find an Approved Solicitor on the Monmouthshire Building Society Conveyancing Panel
Common questions asked concerning the Monmouthshire Building Society Conveyancing Panel
Can you please explain the reason why all property lawyers aren't included on the Monmouthshire Building Society Solicitor panel?
Monmouthshire Building Society and other mortgage companies tend to restrict either the type or the number of conveyancing solicitors on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that Monmouthshire Building Society have no responsibility for the quality of advice provided by any member of Monmouthshire Building Society Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, Conveyancing is not their speciality? To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime; probably not.
can you help? My conveyancer is advising me that he is legally obliged to conduct a Local Authority search because the firm are on the Monmouthshire Building Society approved lawyer panel. Do I not have a choice here?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with Monmouthshire Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Monmouthshire Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Monmouthshire Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I require the services of a Monmouthshire Building Society panel solicitor in Stirling. Could you help me?
It is not clear why you need a Monmouthshire Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Monmouthshire Building Society to find out which solicitors in Monmouthshire Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
We're in Wales, FTBs purchasing with a mortgage (lender is Monmouthshire Building Society , but our lawyer is on the Monmouthshire Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Monmouthshire 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
Can you point me to a directory of Monmouthshire Building Society panel conveyancers on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
After much negotiation I have agreed a price on an apartment. My financial adviser suggested a solicitor I paid an upfront payment of 175. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Monmouthshire Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Monmouthshire Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am due to exchange contracts on 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 lender, Monmouthshire Building Society are being problematic. The solicitor who is on the Monmouthshire Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Monmouthshire Building Society are requiring a building regulation certificate. Why do Monmouthshire Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Monmouthshire Building Society have referred the matter to their valuer. The reason why Monmouthshire 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.