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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?
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FAQs : The Mansfield Building Society Solicitor Panel
I would like to know the reason why all UK lawyers aren't included on the Mansfield Building Society Conveyancing panel?
As unjust as it may seem for Mansfield Building Society to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Mansfield Building Society are limiting their panel of approved conveyancing lawyers to a size that they are happy to control. The Mansfield Building Society solicitor panel is not the smallest
My lawyer has identified an inconsistency between the assumptions in Mansfield Building Society’s valuation report and what is revealed within the title deeds. My solicitor says that as he is on the Mansfield Building Society conveyancing panel he must ensure that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s approach correct?
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) 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 both parties.
Your search tool is useful but there are many lawyers listed near Leeds on the Mansfield Building Society conveyancing panel. Can you recommend a specific firm on the Mansfield Building Society approved panel?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
We're in Birmingham, FTBs buying with a mortgage (lender is Mansfield Building Society , but our lawyer is on the Mansfield Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Mansfield Building Society 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
Is it the case that all conveyancing lawyers on the Mansfield Building Society conveyancing panel work on a no sale no fee basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
Is it the case that all solicitors on the Mansfield Building Society conveyancing panel overseen by the SRA?
As a firm of solicitors, in order to be on the Mansfield Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
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, Mansfield Building Society are being problematic. The solicitor who is on the Mansfield Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Mansfield Building Society are insisting on a building regulation certificate. Why do Mansfield Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Mansfield Building Society have referred the matter to their valuer. The reason why Mansfield Building Society 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.