Market Harborough Building Society Conveyancing Panel Information

No such training is arranged by the CML however they do provided numerous general conveyancing related conferences which are attended by firms on the Market Harborough Building Society conveyancing panel. We do intend to run specific lender focused seminars in the coming months including a webinar on Market Harborough Building Society’s Part 2 requirements. Solicitors on the Market Harborough Building Society conveyancing panel are welcome. Further details will be communicated as part of the LENDERmonitor Alerts.

Paragraph 16.2.1 of Part 1 of the Handbook relevant to a solicitor on the Market Harborough Building Society conveyancing panel reads ‘Our mortgage secures further advances. Consequently, when a further advance is required for alterations or improvements to the property we will not normally instruct a member of our conveyancing panel but if you are instructed the appropriate provisions of this Handbook will apply’.

You will be aware of the trend in recent years for lenders such as Market Harborough Building Society to take a much more pro-active approach in relation to the management and make up of their conveyancer panels. The knock on effect of this is that it is more likely that there will be a higher number of cases where a conveyancer is not on the Market Harborough Building Society panel. The situation that you find yourself in is where your client’s purchaser has his/her own lawyer and Market Harborough Building Society have appointed a separate lawyer to act on their behalf where the new CML Part 3 requirements apply. Section 11.1 of the UK Finance Lenders’ Handbook Part 3 requires Market Harborough Building Society’s panel solicitor to ‘ ...transfer the mortgage advance directly to the Seller’s conveyancer. The Seller’s conveyancer must be required to hold the mortgage advance on the terms of the required undertaking. The example borrower’s conveyancer’s undertaking letter includes a specific example of the seller’s undertaking’. You should expect to be advised to received the mortgage advance directly from the conveyancing solicitors for Market Harborough Building Society. You will no doubt be required to undertake directly to Market Harborough Building Society’s solicitors to discharge any charges secured on the property and to send directly to them the executed transfer and any other documents required to enable us to effect registration. Please remember to carefully consider undertakings in accordance with your firm’s protocol and record them in your undertakings logg. Please remember that as well as this breach of this undertaking having regulatory and compliance implications it’s breach could also result in your firm being removed off the Market Harborough Building Society conveyancing panel.

6 consumers attempt to locate a conveyancer on the Market Harborough Building Society panel each month in Hendon. Feel free to contact the Lexsure team who will tell how your firm can be found by those searching for conveyancing in Hendon.

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 firm’s application but gives the CQS team viability as to what has occured.

You need to contact Market Harborough Building Society to obtain standard documents. The The Council of Mortgage Lenders Handbook has an individual question for lenders to set out who to contact to obtain standard documents. Market Harborough Building Society in their Part 2’s state: You will need to disclose the firm’s Market Harborough Building Society solicitors panel number.