Melton Mowbray 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. It is a unique risk mitigation tool.

This system facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Melton Mowbray Building Society’s changes. While utilising the tool is not a condition for being on the Melton Mowbray Building Society panel, demonstrating you can remain up to date with Melton Mowbray Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, safeguard your panel standing.

The software generates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Melton Mowbray Building Society

Banks and building societies often change their requirements. The BSA instructions from Melton Mowbray Building Society are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes

Since 2010, Melton Mowbray Building Society has made 19 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 143.7 days. In total, 11% of the sections of the BSA Requirements for Melton Mowbray Building Society have been changed since 26/1/2010.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
C.12 01/06/2018 BSA
D.55 25/05/2018 BSA
C.12 02/05/2017 BSA
C.12 06/03/2017 BSA
E.12 21/03/2016 BSA
E.12 11/02/2016 BSA
B.3 10/08/2015 BSA
E.10 12/02/2014 BSA
E.10 20/01/2014 BSA
C.11 08/01/2014 BSA

Last update 24/05/2019

Melton Mowbray Building Society Solicitor Panel Example Support Desk Enquires from members of the public

I instructed a firm of solicitors to conveyancing on my remortgage 4 weeks ago having applied for a mortgage with Melton Mowbray Building Society. The solicitors confirmed to me that they are on Melton Mowbray Building Society conveyancing panel and advised me their panel reference. Melton Mowbray Building Society then called me to say that their panel number was dormant and would need to be reactivated. What do I do from here? Do I instruct a different law firm currently on the conveyancing panel for Melton Mowbray Building Society?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Melton Mowbray Building Society as to how long they think it will take to get the firm to get back on the panel.
I am buying a newly constructed duplex and my conveyancer is telling me that she has to disclose incentives from the developer as her firm is on the Melton Mowbray Building Society conveyancing panel. I am nearing the developer’s deadline to exchange and I have no desire to prolong the conveyancing. Can I insist on an exchange regardless of what my lawyer says about being on the Melton Mowbray Building Society panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Melton Mowbray Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Melton Mowbray Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Whilst your website is a good idea there are many lawyers listed near Middlesbrough on the Melton Mowbray Building Society conveyancing panel. Can you recommend a specific firm on the Melton Mowbray Building Society approved panel?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I was supposed to complete on my dream home last Friday. My solicitor is on the Melton Mowbray Building Society solicitors panel but has changed address in the past couple of months and had not informed Melton Mowbray Building Society of their new address. Melton Mowbray Building Society has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Melton Mowbray Building Society branch or your mortgage broker to see if they can assist.
The mortgage over my property is with Melton Mowbray Building Society. Conveyancing has been completed some time ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Melton Mowbray Building Society?
You must advise Melton Mowbray Building Society prior to renting your property as this is likely to be a breach of Melton Mowbray Building Society’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Melton Mowbray Building Society directly. It should not be necessary to do this via a Melton Mowbray Building Society conveyancing panel solicitor.
I have instructed a lawyer having checked that they are on the Melton Mowbray Building Society conveyancing panel. Does my lawyer arrange the survey of the property? Or I've 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 Melton Mowbray Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Melton Mowbray Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Melton Mowbray 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 Melton Mowbray Building Society you could contact your them to see if they have a list of approved surveyors.
Melton Mowbray Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Melton Mowbray Building Society or your broker and complete any relevant paperwork. Melton Mowbray Building Society will tell you what documents they want. Melton Mowbray Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Melton Mowbray Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.