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approved by MBS Lending Ltd
Ready to buy a new home? Failing to check that a lawyer is on the MBS Lending Ltd list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the MBS Lending Ltd Conveyancing Panel
MBS Lending Ltd Conveyancing Panel Recently Asked Questions
How easy is it to change a solicitor as I need to find one who is on the MBS Lending Ltd conveyancing panel. 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.
Our property lawyer has informed me that he requires proof of ID documents saying that this is part of his retainer as a conveyancer on the MBS Lending Ltd Solicitor panel. This is news to me - can I refuse?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with MBS Lending Ltd your lawyer also has to check ID documents to satisfy MBS Lending Ltd
I am buying a house and require a conveyancing solicitor in London who is on the MBS Lending Ltd conveyancing. Could you point me in the right direction as regards a firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for MBS Lending Ltd . We don’t recommend any particular firm.
The lawyers that I appointed last week on my purchase in Brighton has suddenly shut down. They were on acting for me because I had to have a firm on the MBS Lending Ltd conveyancing panel and my preferred lawyer was not. I gave my credit card details for them to take £175 for searches. What should be my next steps?
If you have an estate agent involved then let them know immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the MBS Lending Ltd 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 lawyers may be able to assist
When it comes to mortgage companies such as MBS Lending Ltd do lawyers have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I have today made my last payment due on mortgage with MBS Lending Ltd. I assume I don't need a solicitor on the MBS Lending Ltd panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your MBS Lending Ltd mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the MBS Lending Ltd mortgage from the register. MBS Lending Ltd,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the MBS Lending Ltd has sent the Land Registry the discharge electronically, and
the MBS Lending Ltd has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your MBS Lending Ltd mortgage has been paid off.
My offer was accepted on a property on the 20th March 2014, valuation was booked 2 days after, received a clean bill of health. Conveyancer retained, so all that was missing was my mortgage offer. Having made daily calls to MBS Lending Ltd and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the MBS Lending Ltd conveyancing panel. Are MBS Lending Ltd entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for MBS Lending Ltd to deal with your lawyers application to be on the MBS Lending Ltd conveyancing panel. There's no guarantee that your solicitors will be accepted.