Masthaven Bank Conveyancing Panel Information

Most lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with Masthaven Bank as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Masthaven Bank we suggest that you call Masthaven Bank to check the position.

In the same way that there is a unique Masthaven Bank conveyancing panel most building societies, operate a conveyancing panel for solicitors and other conveyancers that the lender will instruct. Terms and Conditions and criteria for inclusion on a building society conveyancing panel vary from lender-to-lender. Having CQS accreditation may be a requirement. Institutional lenders, such as a building society, is a client and is entitled to instruct the solicitor or conveyancer of its choosing (who, in turn, is free to accept or refuse instructions). Therefore, if lender and borrower cannot agree which solicitor or conveyancer should represent them jointly, they would usually proceed on a separate representation basis. The BSA have not published the equivalent of the UK Finance Lenders’ Handbook Part 3s.

For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the Masthaven Bank conveyancing panel to see if you are entitled to a reason.

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 gone on.

You should contact Masthaven Bank to obtain standard documents. The The Council of Mortgage Lenders Handbook has an express inquiry for banks to enumerate who to contact to obtain standard documents. Masthaven Bank in their Part 2’s state: It is likely that you will need to disclose the firm’s Masthaven Bank solicitors panel reference.