Market Harborough Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers. It is a unique risk management tool.

This software assists the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on Market Harborough Building Society’s changes. While utilising this technology is not a prerequisite for Market Harborough Building Society , demonstrating you can stay up to date with Market Harborough Building Society’s Handbook requirements is an excellent support to your panel application and, more importantly, protect your panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. It is also simply to use, cost-effective and, for many firms, leads to a PII saving.

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Lenders frequently 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 64 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 42.7 days. In total, 27% of the sections of P2 of the UK Finance Lenders’ Handbook for Market Harborough Building Society have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
3.1.6 01/12/2014 CML
verification of identity
6.14.1a 01/12/2014 CML
contact point if property is not insured in accordance with lender requirement
6.14.1b 01/12/2014 CML
buildings insurance in joint names or lender interest noted
6.14.4 01/12/2014 CML
sending a copy of the buildings insurance policy and last premium
6.14.1 01/12/2014 CML
Building Insurance
Market Harborough Building Society approved lawyers additional requirements concerning building insurance
5.20.3 13/08/2012 CML
Panels PV Solar
Existence of additional requirements set by Market Harborough Building Society for conveyancing panel lawyers relating to leases of roof space for solar PV panels, and if so, what they are.
10.2b 02/12/2010 CML
Mortgage Advance and Certificate of Title
What is the minimum number of days notice Market Harborough Building Society require ahead of sending the mortgage advance?
16.5.3c 01/12/2010 CML
Deed of Easement
Contact details at Market Harborough Building Society for approved lawyers to send the deed of easement .
5.17.5a 01/12/2010 CML
Power of Attorney
Market Harborough Building Society requirements for conveyancing panel lawyers as to whether Market Harborough Building Society need to be sent power of attorney
6.6.4 01/12/2010 CML
Houses in Multipe Occupation
Market Harborough Building Society panel conveyancer requirements where the property comes within the definition of a house in multiple occupation

Last update 13/11/2018

Market Harborough Building Society Conveyancing Panel Recently Asked Questions from members of the public

I have been advised by my broker that I have to pay Market Harborough Building Society fees if I use my own solicitor. How efficient are the Market Harborough Building Society conveyancing panel solicitors? I dont care which law firm I use as long as they're good and not exorbitantly priced. Would you recommend a specific law firm on the Market Harborough Building Society panel?
Market Harborough Building Society’s conveyancing panel is pretty large so your best bet is just to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that Market Harborough Building Society will allow to act for them.
I am due to complete my purchase next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Market Harborough Building Society. What risks do Market Harborough Building Society expect the insurance to cover?
All property lawyers 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 requirements.
Are the lawyers identified as being on the Market Harborough Building Society conveyancing panel, together with their details provided by Market Harborough Building Society?
The firms themselves provide us confirmation that they are on the Market Harborough Building Society conveyancing panel as opposed to being supplied with a list from Market Harborough Building Society directly.
I am purchasing a right to buy flat and getting a mortgage with Market Harborough Building Society. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Market Harborough Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Market Harborough Building Society conveyancing panel in your location.
is it true that all solicitors on the Market Harborough Building Society conveyancing panel overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Market Harborough Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I have instructed a lawyer having made sure that they are on the Market Harborough Building Society conveyancing panel. Does my lawyer arrange the survey of the property? Or Having digested plenty of house buying,I note that they all recommend that you should 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.
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with Market Harborough Building Society?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Market Harborough Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Market Harborough Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.