Monmouthshire Building Society Conveyancing Panel Recently Asked Questions from members of the public
My lawyer has never been on on the Monmouthshire Building Society Solicitor Panel. Is it possible for me to retain my family solicitor notwithstanding that they are not on the Monmouthshire Building Society approved list?
You will need to have a conveyancer complete the legal work required when you take out a Monmouthshire Building Society mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Monmouthshire Building Society conveyancing panel additional costs will be incurred as separate legal representation will be required by Monmouthshire Building Society. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
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 Monmouthshire Building Society. What does the insurance need to cover?
All property lawyers on the Monmouthshire 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 Monmouthshire Building Society’s Part 2 requirements of the CML Handbook (last updated on Monmouthshire Building Society). Being on the Monmouthshire Building Society conveyancing panel your lawyer is expect to follow these requirements.
Are there any apps to help search for a local solicitor on the Monmouthshire Building Society conveyancing panel? I have a car and am prepared to travel up to 20 miles to meet the conveyancer.
You can use the find a conveyancing panel tool on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Monmouthshire Building Society solicitor panel.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Monmouthshire Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Monmouthshire Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
My husband and I are at the point of viewing apartments and am about to put in an offer. Should I already have a conveyancer appointed at this stage? I I am planning to take a home loan with Monmouthshire 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 Monmouthshire Building Society , make sure you remember to check that your lawyer is on the Monmouthshire Building Society conveyancing panel.
I have today made my last payment due on mortgage with Monmouthshire Building Society. I assume I don't need a solicitor on the Monmouthshire Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Monmouthshire Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Monmouthshire Building Society mortgage from the register. Monmouthshire Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Monmouthshire Building Society has sent the Land Registry the discharge electronically, and
the Monmouthshire Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Monmouthshire Building Society mortgage has been paid off.
My brother and I are remortgaging a garden flat in Hendon. Conveyancing solicitors in Hendon are preferred to beappointed. My friendrecommended that we check that the solicitor in Hendon is on the Monmouthshire Building Society panel. Is this right?
A limited percentage of Hendon conveyancing firms are on the Monmouthshire Building Society conveyancing panel. 7 people a month use our search tool to search for a Hendon conveyancing solicitor on the on the Monmouthshire Building Society approved list of lawyers.
