FAQs : The Mansfield Building Society Conveyancing Panel from members of the public
A solicitor my fiance and I wanted to use for conveyancing on a purchase said he would charge more if my mortgage is with Mansfield Building Society due to their unusual legal requirements. Will I regret using Mansfield Building Society? Is Mansfield Building Society conveyancing so much more difficult?
Mansfield Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Mansfield Building Society conveyancing panel. If they are not, this does add further risk of delay as Mansfield Building Society will appoint their own solicitors to look after their interest.
My god-son is in the process of securing a new build apartment with a home loan from Mansfield Building Society. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Mansfield Building Society conveyancing panel as a standard part of the process, and to the surveyor when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Mansfield Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Is it necessary during the course of the conveyancing process to attend the offices of the Mansfield Building Society conveyancing panel solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Leeds
so that I can pop in to their offices if required.
Most conveyancing panel lawyers for Mansfield Building Society 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.
I would like to get my former partner taken off the mortgage deeds. Can Mansfield Building Society really insist on which solicitor I can or can not instruct?
You can use any solicitor you like but Mansfield Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Mansfield Building Society solicitors panel
Is it the case that all conveyancing solicitors on the Mansfield Building Society conveyancing panel work on a no sale no fee basis?
On the whole there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
Are all conveyancing solicitors on the Mansfield Building Society conveyancing panel regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Mansfield Building Society 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).
Intending to buy a house with a mortgage with Mansfield Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Mansfield Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Mansfield Building Society conveyancing panel