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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?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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Masthaven Bank Conveyancing Panel Example Support Desk Enquires
I need to swap lawyers as my lawyer is not on the Masthaven Bank panel of conveyancing solicitors. Is it practical to instruct different lawyers?
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.
We are nearing an exchange and my mum and dad having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Masthaven Bank. Apparently, being on the Masthaven Bank conveyancing panel and acting on their behalf he must inform Masthaven Bank if the balance of the mortgage advance is not just from me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with Masthaven Bank to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Masthaven Bank if you agree, failing which, your lawyer must cease to continue acting.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Masthaven Bank conveyancing panel. My lawyer has said that they are on the Masthaven Bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Masthaven Bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Masthaven Bank solicitor panel.
I am purchasing a right to buy flat and getting a mortgage with Masthaven Bank. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Masthaven Bank conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Masthaven Bank conveyancing panel in your location.
My wife and I have arranged a further advance on our mortgage from Masthaven Bank as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Masthaven Bank conveyancing panel to deal with the paperwork?
Masthaven Bank would not normally appoint 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 Masthaven Bank panel
I am about to exchange contracts on a purchase with a mortgage from Masthaven Bank. The report from my solicitor mentions that Masthaven Bank could withdraw their offer before completion. Is this right?
Banks and Building Societies such as Masthaven Bank can revoke their mortgage offer although this is unusual. In the unlikely event that Masthaven Bank withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are a number of examples:
- If the borrower informs Masthaven Bank of a change in security address
- Following advice from the valuer on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
- Where the lender has to take account a recent change in taxation
- Where the sale is not at arms length for value to unconnected persons
- If the solicitor on the Masthaven Bank conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Masthaven Bank ‘s instructions
Sometime soon me and my wife are acquiring a house in Hendon. Conveyancing solicitors in Hendon are preferred to beinstructed. My fatheradvised that we check that the conveyancer in Hendon is on the Masthaven Bank panel. Surely I don't need to do this, do I?
Far from all Hendon conveyancing solicitors are on the Masthaven Bank conveyancing panel. 7 people a month use our search tool to find a Hendon conveyancing firm on the on the Masthaven Bank solicitors pane.