Common questions asked concerning the Monmouthshire Building Society Conveyancing Panel
from members of the public
My mortgage broker has has requested my solicitor’s panel reference for the Monmouthshire Building Society conveyancing panel. How do I obtain this. I have called my local Monmouthshire Building Society office but they have not got back to me yet.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Monmouthshire Building Society.
My nephew is buying a new build apartment with a home loan from Monmouthshire Building Society. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Monmouthshire Building Society conveyancing panel as a standard part of the process, and to the surveyor 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 Monmouthshire 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 require the services of a Monmouthshire Building Society panel solicitor in Belfast. Can you assist?
Unfortunately it’s not apparent why you need a Monmouthshire 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 Monmouthshire Building Society to find out which solicitors in Monmouthshire 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 purchasing a terraced house and getting a mortgage with Monmouthshire Building Society. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Monmouthshire 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 Monmouthshire Building Society conveyancing panel in your location.
For 5 years I had a mortgage with Monmouthshire Building Society. My grandfather retired last week and wants to pay off the mortgage left on the property. After Monmouthshire Building Society is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Monmouthshire Building Society conveyancing panel? I do not intend to live at the property once the Monmouthshire Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Monmouthshire Building Society panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with Monmouthshire Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Monmouthshire Building Society you will need to appoint a solicitor on the Monmouthshire Building Society conveyancing panel.
Completion of my remortgage has taken place with a mortgage from Monmouthshire Building Society. Conveyancing was satisfactory but I feel I should register my dissatisfaction about Monmouthshire Building Society. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the Monmouthshire Building Society branches or the Customer Care Team at Monmouthshire Building Society head office. Ordinarily complaints to Monmouthshire Building Society are sorted out effectively and efficiently. However if you are not satisfied that the matter is resolved you can write to the
Financial Ombudsman Service who will take matters further.