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Ready to buy a new home? Failing to check that a lawyer is on the MandS list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the M&S Bank Conveyancing Panel
Frequently asked questions relating to the M&S Bank Conveyancing Panel
I am expecting a mortgage with M&S Bank. I intend to instruct a Licensed Conveyancer. Does the M&S Bank Solicitor panel include Licensed Conveyancers
M&S Bank’s conveyancing panel is, like many other lenders associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
We are getting closer to an exchange and my mum and dad having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender M&S Bank. Apparently, being on the M&S Bank conveyancing panel and acting on their behalf he must inform M&S Bank if the balance of the mortgage advance is coming from anyone other than me. I disclosed to the bank about my parent’s contribution when I applied for the home loan so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with M&S Bank to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to M&S Bank if you agree, failing which, your lawyer must cease to continue acting.
How do I search for a local solicitor on the M&S Bank conveyancing panel? I have a car and am prepared to travel up to 20 miles to meet the lawyer.
Feel free to make use of the find a conveyancing panel search on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the M&S Bank solicitor panel.
My aunt passed away six months ago and as sole heir and executor was left the house. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to M&S Bank , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then M&S Bank will insist on your using a conveyancer on the M&S Bank conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your M&S Bank conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the M&S Bank mortgage is registered as a charge at the Land Registry.
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the M&S Bank conveyancing panel requirements are different to M&S Bank’s conveyancing panel requirements.
I have today made my last payment due on mortgage with M&S Bank. I assume I don't need a solicitor on the M&S Bank panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your M&S Bank 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 M&S Bank mortgage from the register. M&S Bank,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 M&S Bank has sent the Land Registry the discharge electronically, and
the M&S Bank has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your M&S Bank mortgage has been paid off.
I can not work out if my mortgage offer requires a lease extension . I have telephoned M&S Bank on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the M&S Bank conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the M&S Bank panel she or he must comply with the CML Handbook requirements for M&S Bank. Unless your lawyer obtains specific confirmation in writing that M&S Bank will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask M&S Bank to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.