Market Harborough Building Society Solicitor Panel Recently Asked Questions from members of the public
I would like to know the reason why all property lawyers aren't included on the Market Harborough Building Society Solicitor panel?
Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year. The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to banks and building societies purging less reputable firms off their books
can you help? My conveyancer is assuring me that she is duty-bound to conduct a Local Authority search because the firm are on the Market Harborough Building Society solicitor panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with Market Harborough 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 Market Harborough Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Market Harborough Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Market Harborough Building Society conveyancing panel. My lawyer has said that they are on the Market Harborough Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Market Harborough Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Market Harborough Building Society solicitor panel.
I am selling my house. Does my solicitor have to be on the Market Harborough Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Market Harborough Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Can you point me to a directory of Market Harborough Building Society panel solicitors on the CML Handbook 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.
We expect to receive a DIP from Market Harborough Building Society this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Market Harborough Building Society recommend a solicitor on the Market Harborough Building Society conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Market Harborough Building Society conveyancing panel. The solicitor represents both you and the Market Harborough Building Society through the process.
My offer was accepted on a house on the 6th March 2014, valuation was booked 2 days after, received a clean bill of health. Conveyancer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Market Harborough Building Society and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Market Harborough Building Society conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Market Harborough Building Society to deal with your lawyers application to be on the Market Harborough Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.
