Market Harborough Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and professional indemnity insures. COMPLETIONmonitor is a unique risk mitigation tool.

This software optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Market Harborough Building Society’s changes. Even though utilising COMPLETIONmonitor is not a condition for being on the Market Harborough Building Society panel, demonstrating you can remain up to date with Market Harborough Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, safeguard your firm’s panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces compliance and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, results in a PII saving.

Find a Law Firm approved by Market Harborough Building Society

Mortgage companies often change their requirements. The UK Finance Lenders’ Handbook requirements from Market Harborough Building Society are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes


Since 2008, Market Harborough Building Society has made 70 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 39.0 days. In total, 28% of the sections of P2 of the UK Finance Lenders’ Handbook for Market Harborough Building Society have been changed since 15/12/2008.

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Market Harborough Building Society Conveyancing Panel Example Support Desk Enquires from members of the public

I am in the process of selling my house and the estate agent has just e-mailed to say that the purchasers are appointing a new solicitor. The excuse is that Market Harborough Building Society will only engage with property lawyers on their conveyancing panel. On what basis would a big named mortgage company only deal with specific solicitors?
Lenders have always had an approved set 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 15 years.

Lenders blame a rise in fraud as the reason 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 hearing daily from firms 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.

I am due to move into my new home next Thursday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for Market Harborough Building Society. What risks do Market Harborough Building Society expect the insurance to cover?
Any lawyer on the Market Harborough Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Market Harborough Building Society’s Part 2 requirements of the CML Handbook (last updated on Market Harborough Building Society). Being on the Market Harborough Building Society conveyancing panel your lawyer is expect to follow these instructions.
I require the services of a Market Harborough Building Society panel solicitor in Belfast. Could you help me?
It is not clear why you need a Market Harborough 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 Market Harborough Building Society to find out which solicitors in Market Harborough Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am considering applying for a Market Harborough Building Society mortgage for purchase of a newly converted (under development) with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Market Harborough Building Society?
In theory, you could use a solicitor that is not on Market Harborough Building Society conveyancing panel, but Market Harborough Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Hi, thinking about buying a house off my mate. Assuming we can agree a figure, what’s the best way to proceed? I hope to get a mortgage with Market Harborough Building Society. Is there anyway to cut out the solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Market Harborough Building Society involved you will need to appoint a solicitor on the Market Harborough Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Market Harborough Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Market Harborough Building Society conveyancing panel.
Planning on purchasing a flat with a mortgage with Market Harborough Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Market Harborough Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Market Harborough Building Society conveyancing panel
After shopping around on the internet I have found a solicitor having checked that they are on the Market Harborough Building Society conveyancing panel. Does my lawyer arrange the survey of the property? Or Having read lots of mortgage guides,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the Market Harborough Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Market Harborough Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Market Harborough Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Market Harborough Building Society you could contact your them to see if they have a list of approved surveyors.