FAQs for the Masthaven Bank Conveyancing Panel from members of the public
I appointed a solicitor to carry out on my remortgage 5 weeks ago having applied for a mortgage with Masthaven Bank. The solicitors reassured me that they are on Masthaven Bank conveyancing panel and gave me their panel number. Masthaven Bank then told me that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor currently on the approved panel for Masthaven Bank?
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 Masthaven Bank as to the time frame to get your lawyer reinstated on the panel once again.
My nephew is in the process of securing a house that has just been built with a mortgage from Masthaven Bank. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form 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.
I am Googling for conveyancing quotes online. Can I be assured that all the practices that are identified on your directory are on the Masthaven Bank conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have assured us via an online form that they are on the Masthaven Bank panel and agreed to advise us to take down their listing in the event of removal off of the Masthaven Bank panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Masthaven Bank conveyancing panel is incorrect.
I am considering applying for a Masthaven Bank mortgage for purchase of a newly converted (under development) with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Masthaven Bank?
In theory, you could use a solicitor that is not on Masthaven Bank conveyancing panel, but Masthaven Bank would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
How can we tell if a solicitor on the Masthaven Bank panel is any good?
seeking recommendations is a good starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer conducting your transaction
I am currently in the process of buying my council flat. I have a mortgage agreed with Masthaven Bank. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Masthaven Bank you will need to appoint a solicitor on the Masthaven Bank conveyancing panel.
My husband and I are taking a long lease of a terraced house in Hendon. Conveyancing solicitors in Hendon need to beappointed. My friendsuggested that we enquire that the solicitor in Hendon is on the Masthaven Bank solicitors panel. Surely I don't need to do this, do I?
A limited percentage of Hendon conveyancing firms are on the Masthaven Bank conveyancing panel. Click here to find a Hendon conveyancing firm on the on the Masthaven Bank list of approved conveyancing firms.