FAQs for the Manchester Building Society Solicitor Panel from members of the public
My Solicitor has never been on on the Manchester Building Society Approved Panel. Can I still continue with my family solicitor notwithstanding that they are not on the Manchester Building Society panel?
You will need to have a conveyancer complete the legal work required when you take out a Manchester Building Society mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Manchester Building Society conveyancing panel additional costs will be incurred as separate legal representation will be required by Manchester Building Society. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
My husband and I changing mortgage lender for our apartment with Manchester Building Society. We have a son 19 who lives with us. The solicitor on the Manchester Building Society conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is repossessed. I have a couple of concerns (1) Is this document specific to the Manchester Building Society conveyancing panel as he did not need to sign this form when we bought 3 years ago (2) Does our son by signing this giving up his rights to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Manchester Building Society .This is solely used to protect the Manchester Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Manchester Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I have been looking for online conveyancing estimates. Can I be assured that all the practices that are identified on your directory are on the Manchester Building Society conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the Manchester Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Manchester Building Society panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Manchester Building Society conveyancing panel is incorrect.
We're in Liverpool, First timers buying with a mortgage (lender is Manchester Building Society , but our lawyer is on the Manchester Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Manchester 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 Manchester Building Society panel conveyancers on the Building Society Association’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.
I can not work out if my mortgage offer requires a lease extension . I have telephoned Manchester Building Society on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Manchester 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 Manchester Building Society panel she or he must comply with the CML Handbook requirements for Manchester Building Society. Unless your lawyer obtains specific confirmation in writing that Manchester 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 Manchester Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
Manchester 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 Manchester Building Society or your broker and complete any relevant paperwork. Manchester Building Society will tell you what documents they want. Manchester 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. Manchester 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.
