M&S Bank Conveyancing Panel Sample Enquires to our Call Center
from members of the public
My Solicitor is not listed on the M&S Bank Solicitor Panel. Is it possible for me to use my family solicitor even though they are excluded from the M&S Bank panel?
You have a number of options available to you here:
- Complete the purchase with your preferred solicitors but M&S Bank will need to instruct a lawyer on the M&S Bank conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the M&S Bank conveyancing panel.
- Convince your lawyer to do everything within their powers to join the M&S Bank conveyancing panel
can you help? My solicitor is advising me that he has to order a Local Authority search as the firm are on the M&S Bank approved lawyer panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with M&S Bank your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of M&S Bank’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated M&S Bank. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Do I have to attend the offices of the M&S Bank conveyancing panel solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in London
so that I can pop in to their offices if necessary.
Most conveyancing panel lawyers for M&S Bank undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
My aunt passed away 10 months ago and as sole heir and executor was left the house. The house had a small mortgage left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to M&S Bank , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then M&S Bank will insist on your using a conveyancer on the M&S Bank conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your M&S Bank conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the M&S Bank mortgage is registered as a charge at the Land Registry.
When it comes to lenders such as M&S Bank do solicitors have to be pay a fee to be on the conveyancing panel?
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.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender M&S Bank be concerned
Given that your lender is M&S Bank your lawyer must to check the M&S Bank conveyancing instructions contained in the Part of CML Handbook for M&S Bank . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to M&S Bank where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
I have a mortgage with M&S Bank. My uncle has just retired and wants to pay off my mortgage. After M&S Bank is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the M&S Bank conveyancing panel? I do not intend to live at the property once the M&S Bank mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the M&S Bank 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. There's no capital gains tax for you as it is
your main residence.