Masthaven Bank Conveyancing Panel Information

Criteria differ from lender to lender. We do not hold specific requirements relating to the questions raised as part of the application to be on the Masthaven Bank conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

Number of lender conveyancing panels the firm is currently on

Whether the firm has ever applied for accreditation and the outcome of the application

Full career history for each solicitor including admission date to the relevant Law Society

Full disciplinary history for each conveyancing solicitor

List of all those who fund the firm, including non-lawyers if applicable

Areas of Law covered by the firm

List of all solicitors within firm

Whether any lender has ever made a claim against the firm’s PII cover

Whether the firm has ever knowingly accepted instructions on transactions involving Sale and Rent Back, Back to Back, Exchange and Delayed Completion and Lease Option, Below Market Value.

Structure of firm and, where applicable, its group

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

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

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.

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 application but gives the Law Society viability as to what has happened.

You need to get in touch with Masthaven Bank to obtain standard documents. The CML Handbook contains a specific question for lenders to set out who to contact to obtain standard documents. Masthaven Bank in their Part 2’s state: Always remember to disclose the firm’s Masthaven Bank solicitors panel number.