Examples of recent questions relating to the Marsden Building Society Solicitor Panel
from members of the public
I was advised recently by my financial adviser that my solicitor is not on the Marsden Building Society Solicitor panel. How can I be certain that this is indeed the case?
The best course of action for you to take is to contact your conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the the approved Marsden Building Society solicitor panel.
My grandson is about to exchange on a house that has just been built with a home loan from Marsden Building Society. His conveyancer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Marsden Building Society conveyancing panel as a standard part of the process, and to the valuer when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Marsden Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I have been looking for conveyancing quotes online. Can I be sure that all the practices that are identified on your site are on the Marsden Building Society conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the Marsden Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Marsden Building Society panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Marsden Building Society conveyancing panel is not accurate.
We're in Birmingham, First timers buying with a mortgage (lender is Marsden Building Society , but our solicitor is on the Marsden Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Marsden 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
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Marsden Building Society conveyancing panel?
A selection of lenders now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
I am about to exchange contracts on a purchase with a mortgage from Marsden Building Society. The report from my solicitor mentions that Marsden Building Society could withdraw their offer before completion. Is this right?
Banks and Building Societies such as Marsden Building Society can revoke their mortgage offer although this is unusual. If Marsden Building Society withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are 5 examples:
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Marsden Building Society may amend or withdraw an offer if the Marsden Building Society conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
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If the financial circumstances of the borrower have changed to the detriment and the Marsden Building Society has been notified
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A cashback to the buyer, or | part of the price includes a non-cash incentive to the buyer (eg paid stamp duty land tax),or | any indirect incentive (cash or non cash) or rental guarantee, of which the lender was previously unaware
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Where to proceed with the Mortgage offer would be unlawful
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Where the lender has to take account a recent change in law
Next month my fiance and I are taking a long lease of a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon are about to beretained. My agentsuggested that we double-check that the property lawyer in Hendon is on the Marsden Building Society approved list of lawyers. Is this right?
Far from all Hendon conveyancing practices are on the Marsden Building Society conveyancing panel. Click here to find a
Hendon conveyancing solicitor on the on the Marsden Building Society panel.