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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.
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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?Find an Approved Solicitor on the Masthaven Bank Conveyancing Panel
Q and A’s regarding 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 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.
My solicitor has identified a difference between the information in Masthaven Bank’s valuation report and what is revealed within the legal papers for the property. My lawyer says that as he is on the Masthaven Bank conveyancing panel he is duty bound to ensure that the bank is with this discrepancy and is content go ahead. Is my solicitor’s course or action legitimate?
A precondition to being on the Masthaven Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Masthaven Bank) 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 require the services of a Masthaven Bank panel solicitor in Belfast. Could you help me?
It is not clear why you need a Masthaven Bank panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Masthaven Bank to find out which solicitors in Masthaven Bank are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I was expecting to complete on my flat yesterday. My solicitor is on the Masthaven Bank conveyancing panel but has changed address 8 weeks ago and had not advised Masthaven Bank of their new address. Masthaven Bank has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
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 Masthaven Bank branch or your mortgage broker to see if they can help.
Are all solicitor firms on the Masthaven Bank conveyancing panel overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Masthaven Bank 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'm at the point of looking at apartments and am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I intend to finance via a home loan with Masthaven Bank
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Masthaven Bank , ask your prospective lawyers check they are on the Masthaven Bank conveyancing panel otherwise they can't do the mortgage legal work.
My offer was accepted on a property on the 5th February 2014, valuation was booked five days later, all came back fine. Conveyancer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Masthaven Bank and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Masthaven Bank conveyancing panel. Are Masthaven Bank entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Masthaven Bank to deal with your lawyers application to be on the Masthaven Bank conveyancing panel. There's no guarantee that your solicitors will be accepted.
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