MBS Lending Ltd Solicitor Panel Example Support Desk Enquires from members of the public
Am I correct in assuming that the fact that my solicitor is not identified on the MBS Lending Ltd Solicitor panel that there is a problem with the quality of his conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for MBS Lending Ltd.
Please assist. For no fault of my lawyer but, my purchase conveyancing has been going on for months. The Local Authority Search from MBS Lending Ltd was dated random date and we have agreed a date for me to move into the property on 6 months + 3. My solicitor says that as she is on the MBS Lending Ltd conveyancing panel she needs to reorder the searches as they are no longer acceptable to the lender.
A precondition to being on the MBS Lending Ltd approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on MBS Lending Ltd)which specifies that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to MBS Lending Ltd.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the MBS Lending Ltd conveyancing panel. My lawyer has said that they are on the MBS Lending Ltd 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 MBS Lending Ltd 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 MBS Lending Ltd solicitor panel.
I am trying to get my ex-husband taken off the mortgage deeds. Can MBS Lending Ltd really tell me which solicitor I can or can not retain?
You can use any solicitor you like but MBS Lending Ltd 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 MBS Lending Ltd solicitors panel
I have today made my last payment due on mortgage with MBS Lending Ltd. I assume I don't need a solicitor on the MBS Lending Ltd panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your MBS Lending Ltd mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the MBS Lending Ltd mortgage from the register. MBS Lending Ltd,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the MBS Lending Ltd has sent the Land Registry the discharge electronically, and
the MBS Lending Ltd has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your MBS Lending Ltd mortgage has been paid off.
The for formalities of my remortgage has taken place with a loan from MBS Lending Ltd. Conveyancing was of an acceptable standard but I would like to complain about MBS Lending Ltd. How does one go about formally complaining?
All banks and building societies have complaints procedures. Your first point of contact should be one of the MBS Lending Ltd branches or the Customer Services Department at MBS Lending Ltd head office. We understand that complaints to MBS Lending Ltd are sorted out effectively and efficiently. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Sometime soon me and my wife are buying a garden flat in Hendon. Conveyancing solicitors in Hendon need to beinstructed. My brokerrecommended that we check that the conveyancer in Hendon is on the MBS Lending Ltd approved list of lawyers. Aren't all lawyers on the MBS Lending Ltd panel?
Far from all Hendon conveyancing firms are on the MBS Lending Ltd conveyancing panel. 7 people a month use our search tool to locate a Hendon conveyancing practitioner on the on the MBS Lending Ltd panel.