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approved by Masthaven
Ready to buy a new home? Failing to check that a lawyer is on the Masthaven list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?Is my firm on the Masthaven Bank Conveyancing Panel? How does my firm apply to be on the Masthaven Bank Conveyancing Panel? How can my firm be reinstated onto the Masthaven Bank Conveyancing Panel?
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FAQs for the Masthaven Bank Conveyancing Panel
I need to swap lawyers as my lawyer is not on the Masthaven Bank panel of conveyancing solicitors. Is it advisable to appoint a new law firm?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
Expecting to move into my new home next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for Masthaven Bank. What risks do Masthaven Bank expect the insurance to cover?
All property lawyers on the Masthaven Bank conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Masthaven Bank’s Part 2 requirements of the CML Handbook (last updated on Masthaven Bank). Being on the Masthaven Bank conveyancing panel your lawyer is expect to follow these instructions.
I have been looking for competitive conveyancing fees. Can I be confident that all the practices that are identified on your site are on the Masthaven Bank conveyancing panel?
The law firms on our directory have advised us that they are on the Masthaven Bank panel and agreed to advise us to take down their listing in the event of removal off of the Masthaven Bank panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Masthaven Bank conveyancing panel is not accurate.
I am remortgaging my home does my lawyer have to be on the Masthaven Bank Solicitor panel?
There is nothing to stop you using your solicitor but Masthaven Bank will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Is it the case that all conveyancing solicitors on the Masthaven Bank conveyancing panel work on a no move no charge basis?
There is generally 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
We are getting a further advance on our mortgage from Masthaven Bank as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Masthaven Bank conveyancing panel to deal with the paperwork?
Masthaven Bank do not ordinarily appoint a member of their conveyancing panel 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 Masthaven Bank panel
Next month my fiance and I are acquiring a flat in Hendon. Conveyancing solicitors in Hendon are preferred to beretained. My mothersuggested that we enquire that the conveyancing practitioner in Hendon is on the Masthaven Bank panel. Is this right?
A limited percentage of Hendon conveyancing firms are on the Masthaven Bank conveyancing panel. 7 people a month use our search tool to find a Hendon conveyancing solicitor on the on the Masthaven Bank list of approved conveyancing firms.