Q and A’s regarding the Marsden Building Society Solicitor Panel from members of the public
My lawyer is not on the Marsden Building Society Conveyancing Panel. Is it possible for me to retain my preferred solicitor even though they are excluded from the Marsden Building Society approved list?
You have a number of options available to you here:
- Carry on with your existing lawyers but Marsden Building Society will need to instruct a lawyer on the Marsden Building Society conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Marsden Building Society conveyancing panel.
- Urge your lawyer to apply to join the Marsden Building Society lender panel
Please help. My lawyer is informing me me that he has to order a Local Authority search as the firm are on the Marsden Building Society solicitor panel. Do I not have a choice here?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with Marsden 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 Marsden Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Marsden 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 Marsden Building Society conveyancing panel. My lawyer has said that they are on the Marsden 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 Marsden 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 Marsden Building Society solicitor panel.
My uncle passed away last year and as sole heir and executor was left the house. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Marsden Building Society , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Marsden Building Society will insist on your using a conveyancer on the Marsden Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Marsden Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Marsden Building Society mortgage is registered as a charge at the Land Registry.
I'm in the process of looking at flats and am about to put in an offer. Is it premature to have a solicitor in place? I intend to finance via a mortgage with Marsden Building Society
It would be sensible to have your start your search soon rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Marsden Building Society , make sure you remember to check that your lawyer is on the Marsden Building Society conveyancing panel.
I am due to exchange contracts on my house. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Marsden Building Society are being difficult. The solicitor who is on the Marsden Building Society conveyancing panel is saying indemnity insurance will be fine but Marsden Building Society are requiring a building regulation certificate. Why do Marsden Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Marsden Building Society have referred the matter to their valuer. The reason why Marsden Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
At last I have had an offer on an apartment accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with Marsden 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 Marsden 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 Marsden Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
