Find a Law Firm
approved by MPoweredMortgages
Ready to buy a new home? Failing to check that a lawyer is on the MPoweredMortgages list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the MPowered Mortgages Conveyancing Panel
Frequently asked questions relating to the MPowered Mortgages Solicitor Panel
My mortgage broker has has requested my lawyer’ panel member for the MPowered Mortgages conveyancing panel. Can you suggest how I obtain this. I have e-mailed my local MPowered Mortgages office but they have not got back to me yet.
the sensible thing to do is ask for this information from your solicitor. They should have a central record lender panel numbers including the MPowered Mortgages panel reference.
I am purchasing a newly constructed flat and my lawyer is advising me that she is duty bound to disclose incentives from the builder as her firm is on the MPowered Mortgages conveyancing panel. The Estate Agents are hassling me to sign contracts and I would rather not prolong deal. Can I insist on an exchange regardless of what my lawyer says about being on the MPowered Mortgages panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the MPowered Mortgages approved panel is to comply with the CML Handbook requirements (last updated for this lender on MPowered Mortgages). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am looking for online conveyancing estimates. Can I be assured that all the practices that are listed on your directory are on the MPowered Mortgages conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us that they are on the MPowered Mortgages panel and agreed to advise us to take down their listing in the event of removal off of the MPowered Mortgages 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 MPowered Mortgages conveyancing panel is incorrect.
What happens if my lawyer’s firm is removed from the MPowered Mortgages Solicitor panel before completion?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
My wife and I have arranged a further advance on our mortgage from MPowered Mortgages as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the MPowered Mortgages conveyancing panel to deal with the legals?
MPowered Mortgages do not ordinarily appoint firms on their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the MPowered Mortgages list
Planning on purchasing a flat with a mortgage with MPowered Mortgages. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the MPowered Mortgages conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the MPowered Mortgages conveyancing panel
After shopping around on the internet I have found a solicitor having made sure that they are on the MPowered Mortgages conveyancing panel. Does my lawyer arrange the survey of the property?
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Having read lots of mortgage guides,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the MPowered Mortgages conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
MPowered Mortgages will need an independent valuation of the property. Your lawyer will not arrange this. Usually MPowered Mortgages will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey.
You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
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Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with MPowered Mortgages you could contact your them to see if they have a list of approved surveyors.