Market Harborough Building Society Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Market Harborough Building Society and to assist in remaining on the Market Harborough Building Society Solicitor Panel.

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How does my firm apply to be on the Market Harborough Building Society Solicitor Panel?

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How can my firm be reinstated onto the Market Harborough Building Society Solicitor Panel?

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Market Harborough Building Society Solicitor Panel: Recently Asked Questions

Being on the Market Harborough Building Society conveyancing panel how long am I obliged to retain the original conveyancing file?

The CML Part II requirements of Market Harborough Building Society are silent on this. Most lenders address the question of file retention via their Terms of panel appointment where they generally provide that for evidential purposes, the firm must keep the file for at least of 6 years from the date of the mortgage. Data imagining is normally suitable compliance with this requirement. Many lenders point out in that it is the practice of some fraudsters to demand the conveyancing file on completion in order to destroy evidence that may later be used against them. It is therefore important to retain these documents to protect Market Harborough Building Society’s interest. To be absolutely sure of Market Harborough Building Society requirements in this regard please check the Terms and Conditions of Market Harborough Building Society’s conveyancing panel acceptance.

Do I run the risk of removal off the Market Harborough Building Society solicitor panel if I have not sent the deeds on a purchase within a certain time frame from draw-down of funds?

One might ordinarily expect Market Harborough Building Society via their Part 2 conditions to address this but the Handbook makes no mention on deadlines to send deeds. You need to look at the Terms of Market Harborough Building Society’s Conveyancing Panel Appointment that you entered into. For many lender's these Terms contain a clause along the following lines: ‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is imperative to keep Market Harborough Building Society updated. Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.

Can you give me an example of some of the reports available via COMPLETIONmonitor to support my application to be on the Market Harborough Building Society conveyancing panel ?

There are many reports available, five of which are as follows:

Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
Analysis as to the nature of clients (e.g.existing/new/seen in person)
Average mortgage advance
The percentage of the firm’s business which is conveyancing (broken down into sale/purchase and remortgage)
Buy to Let transactions

Do banks such as Market Harborough Building Society engage 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.

I read the occasional LENDERmonitor notification but I seldom see significant changes. For instance, My firm on the Market Harborough Building Society conveyancing panel and get an alerts simply telling me a change of address. Isn't that just noise?

It is important that you take note of such changes because sending a communication or deeds to the wrong address can cause delays that might not only affect your borrower client but also affect your ability to remain 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? Do you make a note? Is this information passed on to secretaries and assistants? In your Certificate of Title to Market Harborough Building Society you are giving assurances that you will send the deeds within 10 days of receiving the Title Information Document. Putting to one side the academic question as to whether you are in breach of 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 out of date postal address or DX details.

my firm’s membership of the Market Harborough Building Society conveyancing panel was revoked but was reinstated on appeal, do I need to disclose this information on my application for CQS accreditation?

It would be advisable to supply 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 viability as to what has happened.

Our practice is on the Market Harborough Building Society conveyancing panel and all set to complete a purchase within the next week. My file does not contain a Mortgage Deed for the client to execute. Who do I contact at Market Harborough Building Society to request substitute deeds?

You should contact Market Harborough Building Society to obtain standard documents. The The Council of Mortgage Lenders Handbook has a specific question for banks to enumerate who to contact to obtain standard documents. Market Harborough Building Society in their Part 2’s state:

It is likely that you will need to quote the firm’s Market Harborough Building Society conveyancing panel reference.

Find a Lawyer on the Market Harborough Building Society Solicitor Panel

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*
2024	[no data]
2023	[no data]
2022	[no data]
2021	[no data]
2020	[no data]
2019	[no data]

* Data aggregated from sources including COMPLETIONmonitor

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