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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 for the Mansfield Building Society Solicitor Panel
I instructed a law firm to conveyancing on my remortgage 5 weeks ago having applied for a mortgage with Mansfield Building Society. The solicitors assured me that they are on Mansfield Building Society conveyancing panel and gave me their panel reference. Mansfield Building Society then called me to say that their panel number was dormant and would need to be reactivated. What happens next? Do I instruct a different law firm listed on the conveyancing panel for Mansfield Building Society?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Mansfield Building Society as to the time frame to get your lawyer reinstated on the panel once again.
Please help. My lawyer is advising me that he is legally obliged to order a Local Authority search because the firm are on the Mansfield Building Society approved lawyer panel. The searches cost a lot of money. Can this be avoided?
You have limited options available to you. As you are taking a mortgage with Mansfield Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Mansfield Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Mansfield Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I note that you have a post code search directory listing firms on the Mansfield Building Society conveyancing panel. Do firms pay you a commission if I instruct them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Mansfield Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
The firm that I appointed last week on my purchase in Manchester has suddenly shut down. They were on acting for me because I needed a solicitor on the Mansfield Building Society conveyancing panel and my family lawyer was not. I paid them £200 on account. What are my options?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Mansfield Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help
Are all conveyancing solicitors on the Mansfield Building Society conveyancing panel overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Mansfield Building Society conveyancing panel they would need to be regulated by the SRA. 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 had instructed online solicitors based in Cardiff who are on the Mansfield Building Society solicitor panel. They are now charging me a separate fee of £175 for the legal aspects of the Mansfield Building Society mortgage. Is this an additional conveyancing fee set by Mansfield Building Society?
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 Mansfield Building Society but by your lawyers. Some firms on the Mansfield Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
We have agreed to purchase a house.One unusual aspect is that 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?
As your lender is 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.