Find an Approved Solicitor on the Mansfield Building Society
Mansfield Building Society Solicitor Panel Recently Asked Questions
My Solicitor is not listed on the Mansfield Building Society Conveyancing Panel. Is it possible for me to continue with my family solicitor even though they are not on the Mansfield Building Society list of approved lawyers?
You have a number of options available to you here:
- Carry on with your preferred solicitors but Mansfield Building Society will need to instruct a lawyer on the Mansfield Building Society conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Mansfield Building Society conveyancing panel.
- Convince your lawyer to do everything within their powers to join the Mansfield Building Society conveyancing panel
My husband and I intend to remortgage our maisonette with Mansfield Building Society. We have a son approaching twenty who lives with us. The solicitor on the Mansfield Building Society conveyancing panel has asked us to disclose any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have two concerns (1) Is this document specific to the Mansfield Building Society conveyancing panel as he did not need to sign this form when we bought 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Mansfield Building Society .This is solely used to protect the Mansfield Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Mansfield Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I am searching for conveyancing quotes online. Can I be assured that all the law firms that are identified on your site are on the Mansfield Building Society conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have assured us via an online form that they are on the Mansfield Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Mansfield Building Society panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Mansfield Building Society conveyancing panel is incorrect.
My uncle passed away 10 months ago and as sole heir and executor was left the house. The house had a small mortgage remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Mansfield Building Society , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Mansfield Building Society will insist on your using a conveyancer on the Mansfield Building Society 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 Mansfield Building Society 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 Mansfield Building Society mortgage is registered as a charge at the Land Registry.
Are all solicitors on the Mansfield Building Society conveyancing panel regulated by the SRA?
As solicitors, in order to be on the Mansfield Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
In what circumstances might Mansfield Building Society amend or withdraw their mortgage offer?
Banks and Building Societies such as Mansfield Building Society can withdraw their mortgage offer although this is unusual. In the unlikely event that Mansfield Building Society withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are a few examples:
Mansfield Building Society may amend or withdraw an offer if the Mansfield Building Society conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
Where to proceed with the Mortgage offer would be unlawful
Where the lender has to take account a recent change in taxation
If the lender reasonably believe that the applicant, borrower, mortgagor or guarantor is insolvent or is about to become insolvent or has or will have a petition presented or if any one or all enter into any arrangement with their creditors generally or if any one or all should suffer a material change in their financial circumstances
If the solicitor on the Mansfield Building Society conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Mansfield Building Society ‘s instructions
Mansfield Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Mansfield Building Society or your broker and complete any relevant paperwork. Mansfield Building Society will tell you what documents they want. Mansfield Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Mansfield Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.