Examples of recent questions relating to the Mansfield Building Society Solicitor Panel from members of the public
I instructed a firm of solicitors to conduct the legal paperwork on my remortgage 5 weeks ago having applied for a mortgage with Mansfield Building Society. The solicitors reassured me that they are on Mansfield Building Society conveyancing panel and advised me their panel reference. Mansfield Building Society then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Do I instruct a different law firm currently on the conveyancing panel for Mansfield Building Society?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Mansfield Building Society as to how long they think it will take to get the firm to get back on the panel.
We are only a couple days away from an exchange and my parents having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender Mansfield Building Society. Apparently, being on the Mansfield Building Society conveyancing panel and acting on their behalf he must inform Mansfield Building Society if the balance of the mortgage advance is coming from anyone other than me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for him to raise this?
Your lawyer is obliged to check with Mansfield Building Society to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Mansfield Building Society if you agree, failing which, your lawyer must cease to continue acting.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Mansfield Building Society conveyancing panel. My lawyer has said that they are on the Mansfield Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Mansfield Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Mansfield Building Society solicitor panel.
We're in Birmingham, FTBs buying with a mortgage (lender is Mansfield Building Society , but our solicitor is on the Mansfield Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Mansfield Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Is it the case that all conveyancing lawyers on the Mansfield Building Society conveyancing panel work on a no sale no fee basis?
In the main 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
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called Mansfield Building Society on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Mansfield Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the Mansfield Building Society panel she or he must comply with the CML Handbook requirements for Mansfield Building Society. Unless your lawyer obtains specific confirmation in writing that Mansfield Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Mansfield Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
Mansfield Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Mansfield Building Society or your broker and complete any relevant paperwork. Mansfield Building Society will tell you what documents they want. Mansfield Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Mansfield Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.