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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
Examples of recent questions relating to the Mansfield Building Society Solicitor Panel
For what reasons would a firm of solicitors be excluded from the Mansfield Building Society approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been excluded from a lender panel. The top reasons in order are :
- lack of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Mansfield Building Society
My lawyer has spotted an inconsistency between the assumptions in Mansfield Building Society’s valuation report and what is in the legal papers for the property. My lawyer has advised that as he is on the Mansfield Building Society conveyancing panel he is duty bound to check that the bank is OK with this discrepancy and is content go ahead. Is my lawyer’s stance legitimate?
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) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. 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 need to find a Mansfield Building Society panel solicitor in Inverness. Could you help me?
It is not clear why you need a Mansfield Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Mansfield Building Society to find out which solicitors in Mansfield Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
I was due to move into my dream home two days ago. My solicitor is on the Mansfield Building Society solicitors panel but has changed address 8 weeks ago and had not informed Mansfield Building Society of their new address. Mansfield Building Society has locked down the release of mortgage funds as the information from the solicitors isn't correct.
This is a rare situation indeed. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Mansfield Building Society branch or your mortgage broker to see if they can assist.
We have a mortgage agreed in principle with Mansfield Building Society. Solicitors have been chosen? What is the average time that one could expect to receive a mortgage offer from Mansfield Building Society?
Some lenders take longer than others. Have Mansfield Building Society done the survey? Have you advised Mansfield Building Society as your lawyers details and checked that your lawyer is on the Mansfield Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
I have agreed a price on a apartment I spoke to a conveyancer recommended by my mum and he advised instructing a law firm approved by Mansfield Building Society. The estate agent recommended two local firms so I asked Mansfield Building Society if the 2 suggested solicitors are approved, which they are not. Mansfield Building Society suggested that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Mansfield Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Mansfield Building Society to suggest a law firm in your location. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Mansfield Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Mansfield Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Mansfield Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
For 5 years I had a mortgage with Mansfield Building Society. My grandfather retired last week and wants to pay off the mortgage left on the property. After Mansfield Building Society is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Mansfield Building Society conveyancing panel? I do not intend to live at the property once the Mansfield Building Society mortgage is discharged.
You
will need a solicitor but they need not be on the Mansfield Building Society conveyancing panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.