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Masthaven Bank Solicitor Panel Example Support Desk Enquires
I appointed a solicitor to work on my remortgage three weeks ago having applied for a mortgage with Masthaven Bank. The solicitors confirmed to me that they are on Masthaven Bank conveyancing panel and gave me their panel number. Masthaven Bank then ,via my broker advised that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor currently on the conveyancing panel for Masthaven Bank?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Masthaven Bank conveyancing panel You may wish to enlist the help of your broker to check with the Masthaven Bank as to how long they think it will take to get the firm to get back on the panel.
Expecting to complete my purchase next Monday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for Masthaven Bank. What risks do Masthaven Bank expect the insurance to cover?
Any lawyer on the Masthaven Bank 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 Masthaven Bank’s Part 2 requirements of the CML Handbook (last updated on Masthaven Bank). Being on the Masthaven Bank conveyancing panel your lawyer is expect to follow these instructions.
I have been searching for competitive conveyancing fees. Can I be assured that all the firms that are identified on your directory are on the Masthaven Bank conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the Masthaven Bank panel and agreed to advise us to take down their listing in the event of removal off of the Masthaven Bank panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Masthaven Bank conveyancing panel is incorrect.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Masthaven Bank conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Masthaven Bank 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.
I have had an offer accepted on a apartment I spoke to a solicitor previously used by my mum and he advised instructing a law firm approved by Masthaven Bank. The estate agent recommended two local firms so I asked Masthaven Bank if the 2 suggested solicitors are approved, which they are not. Masthaven Bank pointed out that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Masthaven Bank 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Masthaven Bank for conveyancing panel firms in your area. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Masthaven Bank conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Masthaven Bank conveyancing panel as it may only take about 2-3 weeks. As long as they meet Masthaven Bank’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
It is not clear whether my mortgage offer requires a lease extension . I have called into my local branch Masthaven Bank on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Masthaven Bank conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the Masthaven Bank panel she or he must comply with the CML Handbook requirements for Masthaven Bank. Unless your lawyer obtains specific confirmation in writing that Masthaven Bank will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Masthaven Bank to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
I am selling my house. I had a double glazing fitted in month 6 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Masthaven Bank are being problematic. The solicitor who is on the Masthaven Bank conveyancing panel is saying indemnity insurance will be fine but Masthaven Bank are insisting on a building regulation certificate. Why do Masthaven Bank have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Masthaven Bank have referred the matter to their valuer. The reason why Masthaven Bank may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
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