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approved by Mansfield Building Society
Ready to buy a new home? Failing to check that a lawyer is on the Mansfield Building Society 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 Mansfield Building Society Conveyancing Panel? How can my firm be reinstated onto the Mansfield Building Society Conveyancing Panel?
Find an Approved Solicitor on the Mansfield Building Society Conveyancing Panel
FAQs : The Mansfield Building Society Solicitor Panel
For what reasons could a law firm be removed from the Mansfield Building Society approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of solicitor practices had been excluded from a lender panel. The most common reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Mansfield Building Society
I am purchasing a newly built apartment and my solicitor is informing me that she is duty bound to reveal incentives from the developer as her practice is on the Mansfield Building Society conveyancing panel. The Estate Agents are hassling me to exchange contracts and I dont want to delay deal. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Mansfield Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Mansfield Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I need to find a Mansfield Building Society panel solicitor in Inverness. Could you help me?
It is not clear why you need a Mansfield Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Mansfield Building Society to find out which solicitors in Mansfield Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
Can you clarify what the consequences are if my solicitor is expelled from the Mansfield Building Society Conveyancing panel prior to the moving date as agreed at exchange of contracts?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
My wife and I have arranged a further advance on our mortgage from Mansfield Building Society as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Mansfield Building Society conveyancing panel to deal with the paperwork?
Mansfield Building Society would not normally instruct a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Mansfield Building Society panel
I am currently in the process of buying my council flat. I have a mortgage offer with Mansfield Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Mansfield Building Society you will need to appoint a solicitor on the Mansfield Building Society conveyancing panel.
I recently had an offer accepted on a house. My mortgage broker pressured me to appoint their lawyers I paid an upfront payment of 150. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Mansfield Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Mansfield Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.