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approved by MandS
Ready to buy a new home? Failing to check that a lawyer is on the MandS list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the M&S Bank Conveyancing Panel? How can my firm be reinstated onto the M&S Bank Conveyancing Panel?Find an Approved Solicitor on the M&S Bank Conveyancing Panel
Common questions asked concerning the M&S Bank Solicitor Panel
My financial adviser has says he needs my law firm’s panel reference for the M&S Bank conveyancing panel. How do I obtain this. I have called my local M&S Bank branch but they have not got back to me yet.
Have you tried speaking to your lawyer about this?. They should have a central record lender panel numbers including the M&S Bank panel reference.
My conveyancer has identified a difference when comparing the assumptions in M&S Bank’s valuation survey and what is in the conveyancing documents. My solicitor has advised that as he is on the M&S Bank conveyancing panel he needs to check that the bank is OK with this discrepancy and is content go ahead. Is my solicitor’s course or action legitimate?
A precondition to being on the M&S Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on M&S Bank) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I have been Googling for competitive conveyancing fees. Can I be sure that all the law firms that are listed on your directory are on the M&S Bank conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the M&S Bank panel and agreed to advise us to take down their listing in the event of removal off of the M&S Bank panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the M&S Bank conveyancing panel is not accurate.
We're in Birmingham, First timers buying with a mortgage (lender is M&S Bank , but our lawyer is on the M&S Bank conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the M&S Bank conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
I previously instructed online solicitors based in Cardiff who are on the M&S Bank solicitor panel. They are now charging me a separate fee of £195 for dealing with the M&S Bank mortgage. Is this an additional conveyancing fee specified by M&S Bank?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by M&S Bank but by your lawyers. Some firms on the M&S Bank will charge an ‘acting for lender’ fee and others do not.
Last month we had a mortgage agreed in principle with M&S Bank. Solicitors have been instructed? How long does it take for M&S Bank to send the offer to our conveyancer
There is no definitive answer here. Have M&S Bank conducted the survey? Have you advised M&S Bank as your lawyers details and checked that your lawyer is on the M&S Bank conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
I have a mortgage with M&S Bank. My father retired last week and wants to pay off the mortgage left on the property. After M&S Bank is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the M&S Bank conveyancing panel? I do not intend to live at the property once the M&S Bank mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the M&S Bank panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
Other Topics
Transfer of Equity for M&S BankPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors