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Market Harborough Building Society Solicitor Panel: Recently Asked Questions
Is it true that the Law Society has advised that firms check their status on the
Market Harborough Building Society conveyancing panel?
The Scottish Law Society has advised that solicitors should check their lender panel status before accepting client instructions to act. The advice is lender-agnostic as it does not relate specifically to solicitors on the
Market Harborough Building Society conveyancing panel. The suggestion arises from the practice of a number of mortgage lenders who remove solicitors from their panels without prior notice as part of their panel management system, which can lead to some solicitors discovering this only once instructed. This is sensible advice as a client finding out midway through a transaction that their lawyer is not on the approved lender panel is very frustrating and can lead to complaints. Many online consumer forums contain posts where someone is complaining about finding that their lawyer is not on a lender conveyancing panel. Such forums include moneysavingexpert.com
I understand that Market Harborough Building Society could request or audit my files as I am on the
Market Harborough Building Society conveyancing panel. How should I respond in the event of such a demand?
We can't comment specifically on
Market Harborough Building Society. Many major lenders are now introducing ‘file auditing’ as standard practice in relation to completed matters. This raises questions of confidentiality in relation to the buyer client and the purpose to which the results of such audits will be put. The starting point is to remember that the file does not belong to your firm, it belongs to the ‘client’. But, of course, we will normally have two clients – the buyer and the lender - and you will owe a duty of confidentiality to each. So basically, you have to separate the file and just send the lender the parts solely relating to themselves. But, of course, as this will basically be correspondence with the lender, mortgage instructions etc.
Check with your COLP but a firm should not send the complete conveyancing file without the buyer client’s express consent – and if he is in dispute with the lender he is hardly likely to agree. However, if the lender can establish a prima facie case of fraud, then you may be under an obligation to disclose the whole file.
The emerging convention is that lenders are including an authority to disclose in loan application forms to counter this problem. Mortgage Express v Sawali, [2010] EWHC 3054 (Ch) indicates that such provisions are valid. Please click here for more information about that case.
Do lenders such as
Market Harborough Building Society run a separate conveyancing panel for buy to let mortgages?
The majority of lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with
Market Harborough Building Society as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from
Market Harborough Building Society we suggest that you call
Market Harborough Building Society to check the position.
My lawyers pass me the odd LENDERmonitor email but I rarely see change of note. By way of illustration, My firm on the
Market Harborough Building Society conveyancing panel and get an alerts only advising of a change of address. Does that matter?
Yes it does matter because sending a communication or deeds to the wrong address can cause delays that might not only affect your borrower client but also impact your chances of staying on the
Market Harborough Building Society conveyancing panel. Lets say that Market Harborough Building Society change their requirements as to where the post completion documents should be sent.
Do you update the details in your case management system? Is this recorded anywhere? Is this communicated to the staff? By virtue of your COT Market Harborough Building Society you are giving assurances that you will forward the deeds within 10 days of receiving the TID. Putting to one side the academic question as to whether you are technically breaching an undertaking in sending it to the wrong address, you run the risk of
Market Harborough Building Society suspending you off the panel because they are not receiving the deeds in accordance with the COT. It will not be a valid excuse to say that you sent it to an address that is no longer valid.
my firm’s membership of the
Market Harborough Building Society conveyancing panel was revoked but was reinstated on appeal, do I need to include this information on my CQS application?
You should provide details of the date of removal, information on the reason for
removal, date of appeal and any reason given for reinstatement. This
should not adversely impact your application but gives the CQS team a complete picture of what has happened.
Our practice is on the
Market Harborough Building Society
conveyancing panel and due to complete a purchase shortly. I can not locate a Legal Charge for the client to execute.
Who do I contact at Market Harborough Building Society to get a duplicate Deed?
You need to contact Market Harborough Building Society
to obtain standard documents. The CML Handbook has a specific question for banks to set out who to contact to obtain standard documents.
Market Harborough Building Society in their Part 2’s state:
It helps to quote the firm’s Market Harborough Building Society solicitors panel number.
Find a Lawyer on the Market Harborough Building Society Solicitor Panel
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Average number of days to register title including a charge in favour of Market Harborough Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Market Harborough Building Society Firms
- Draft Report on Title precedent for Market Harborough Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Market Harborough Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Market Harborough Building Society lender panel
- Buy-to-Let help for Market Harborough Building Society
- Consent-to-Let help for Market Harborough Building Society
- Contractor Mortgages with Market Harborough Building Society
