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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.

Find an Approved Solicitor on the Mansfield Building Society Conveyancing Panel

Common questions asked concerning the Mansfield Building Society Conveyancing Panel

A lawyer my fiance and I wanted to use for conveyancing on a purchase said she will levy higher legal fees if my mortgage is with Mansfield Building Society because of their difficult processes! Am I likely to be frustrated using Mansfield Building Society? Any comments will be appreciated
Mansfield Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders. It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender. It is not clear if your lawyer is on the Mansfield Building Society conveyancing panel. If they are not, this does add further risk of delay as Mansfield Building Society will appoint their own solicitors to look after their interest.
Our lawyer has uncovered a legal deficiency with the lease for the flat we are purchasing. The seller’s lawyers have suggested defective title insurance as a solution. We are happy with insurance and will pay for it. Our lawyer has advised that as he is on the Mansfield Building Society conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or Mansfield Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Mansfield Building Society are the client. 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 Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Mansfield Building Society can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . 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 am planning to acquire a flat and require a conveyancing solicitor in Leeds who is on the Mansfield Building Society approved. Could you point me in the right direction as regards a solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Mansfield Building Society . We don’t recommend any particular firm.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Mansfield Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Mansfield Building Society 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.
Do most lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Mansfield Building Society conveyancing panel requirements are different to Mansfield Building Society’s conveyancing panel requirements.
I am buying a property where the roof has a solar panel. Mansfield Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Mansfield Building Society your lawyer must to check the Mansfield Building Society conveyancing instructions contained in the Part of CML Handbook for Mansfield Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Mansfield Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
Mansfield Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Mansfield Building Society or your broker and complete any relevant paperwork. Mansfield Building Society will tell you what documents they want. Mansfield Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Mansfield Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.