Masthaven Bank Conveyancing Panel Information

We are not aware of any intention on the part of the CML to develop such a search facility.

The Council of Mortgage Lender requirements of Masthaven Bank are silent on this. Most mortgage companies address the issue of file retention via their Terms and Conditions where they generally provide that for evidential purposes, the firm must keep the file for at least of 6 years from the date of the mortgage. Data imagining is normally suitable compliance with this requirement. Many lenders point out in that it is the practice of some fraudsters to demand the conveyancing file on completion in order to destroy evidence that may later be used against them. It is therefore important to retain these documents to protect Masthaven Bank’s interest. To be absolutely sure of Masthaven Bank requirements in this regard please check the Terms and Conditions of Masthaven Bank’s conveyancing panel acceptance.

There are many reports available, five of which are as follows:

• Evidence of undertaking logs
• Number of conveyancing cases by lender
• Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
• Average mortgage advance
• The percentage of the firm’s business which is conveyancing (broken down into sale/purchase and remortgage)

You should supply details of the date of removal, information on the reason for removal, date of appeal and any reason given for reinstatement. This should not adversely impact your firm’s application but gives the CQS team a complete picture of what has occured.

You would be advised to communicate with Masthaven Bank to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an individual section for banks to cite who to contact to obtain standard documents. Masthaven Bank in their Part 2’s state: You will need to quote your Masthaven Bank solicitors panel reference.