Masthaven Bank Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This system optimises the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Masthaven Bank’s changes. Notwithstanding that utilising COMPLETIONmonitor is not a prerequisite for Masthaven Bank , demonstrating you can stay up to date with Masthaven Bank’s Handbook requirements is an excellent support to your panel application and, just as importantly, safeguard your panel standing.

The software creates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. It is also simply to use, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Masthaven Bank

Banks and building societies frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Masthaven Bank are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes


Since 2008, Masthaven Bank has made 4 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 682.5 days. In total, 1% of the sections of P2 of the UK Finance Lenders’ Handbook for Masthaven Bank have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Masthaven Bank Conveyancing Panel : Questions and Answers from members of the public

The lawyer my fiance and I wanted to use for conveyancing on a purchase said she would charge more if my mortgage is with Masthaven Bank because of their difficult processes! Will I regret using Masthaven Bank? Any comments will be appreciated
Masthaven Bank 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 Masthaven Bank conveyancing panel. If they are not, this does add further risk of delay as Masthaven Bank will appoint their own solicitors to look after their interest.
Our son-in-law is buying a new build apartment with a mortgage from Masthaven Bank. His lawyer has advised him of 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 document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Masthaven Bank conveyancing panel as a standard part of the process, and to the surveyor when requested.

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 Masthaven Bank conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Masthaven Bank conveyancing panel. My lawyer has said that they are on the Masthaven Bank 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 Masthaven Bank 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 Masthaven Bank solicitor panel.
I would like to get my former partner taken off the mortgage deeds. Can Masthaven Bank really tell me which solicitor I can or can not retain?
You can use any solicitor you like but Masthaven Bank 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 Masthaven Bank solicitors panel
My existing mortgage is with Masthaven Bank. My father has just retired and wants to pay off the mortgage left on the property. After Masthaven Bank 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 Masthaven Bank conveyancing panel? I do not intend to live at the property once the Masthaven Bank mortgage is discharged.
Although you do need to retain the services of a lawyer they dont need to be on the Masthaven 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. As the property is your main residence you need not pay CGT but you should speak with your accountants in any event.
I have instructed a lawyer having made sure that they are on the Masthaven Bank conveyancing panel. Does my lawyer arrange the survey of the property? Or Having read lots of house buying,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the Masthaven Bank conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Masthaven Bank will need an independent valuation of the property. Your lawyer will not arrange this. Usually Masthaven Bank will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Masthaven Bank you could contact your them to see if they have a list of approved surveyors.
Next month my fiance and I are purchasing a garden flat in Hendon. Conveyancing solicitors in Hendon are about to beappointed. My fatheradvised that we enquire that the property lawyer in Hendon is on the Masthaven Bank panel. Aren't all lawyers on the Masthaven Bank panel?
Not all Hendon conveyancing firms are on the Masthaven Bank conveyancing panel. Click here to find a Hendon conveyancing lawyer on the on the Masthaven Bank solicitors pane.