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

Q and A’s regarding the MPowered Mortgages Conveyancing Panel

Is there a reason why all UK lawyers aren't included on the MPowered Mortgages Solicitor panel?
As unjust as it may seem for MPowered Mortgages to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern MPowered Mortgages are limiting their conveyancing panel to a size that they are happy to control. The MPowered Mortgages lawyer panel is not the most difficult to join
My fiance and I changing mortgage lender for our penthouse with MPowered Mortgages. We have a son approaching twenty who lives with us. The solicitor on the MPowered Mortgages conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have two questions (1) Is this form unique to the MPowered Mortgages conveyancing panel as he never had to sign this form when we remortgaged 4 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 MPowered Mortgages .This is solely used to protect the MPowered Mortgages 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 MPowered Mortgages 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.

Your search tool is useful but there are many lawyers listed near Middlesbrough on the MPowered Mortgages conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the MPowered Mortgages approved panel?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
My grandfather passed away last year and as sole heir and executor was left the property. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to MPowered Mortgages , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then MPowered Mortgages will insist on your using a conveyancer on the MPowered Mortgages 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 MPowered Mortgages 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 MPowered Mortgages mortgage is registered as a charge at the Land Registry.
I previously instructed online solicitors based in Bristol who are on the MPowered Mortgages solicitor panel. They are now charging me a separate fee of £150 for dealing with the MPowered Mortgages mortgage. Is this an additional conveyancing fee specified by MPowered Mortgages?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by MPowered Mortgages but by your lawyers. Some firms on the MPowered Mortgages will charge an ‘acting for lender’ fee and others do not.
Last month we had a mortgage agreed in principle with MPowered Mortgages. Solicitors have been appointed? How long does it take for MPowered Mortgages to send the offer to our conveyancer
Some lenders take longer than others. Have MPowered Mortgages done the survey? Have you advised MPowered Mortgages as your lawyers details and checked that your lawyer is on the MPowered Mortgages conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
The mortgage over my property is with MPowered Mortgages. Conveyancing was finalised some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform MPowered Mortgages?
Your original mortgage agreement with MPowered Mortgages will provide that you need their approval in advance of renting your property as this is likely to be a breach of MPowered Mortgages’s mortgage conditions. It may be that MPowered Mortgages will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact MPowered Mortgages directly. It should not be necessary to do this via a MPowered Mortgages conveyancing panel firm.