Frequently asked questions relating to the Mansfield Building Society Conveyancing Panel from members of the public
I have just been informed by my mortgage adviser that my lawyer is not on the Mansfield Building Society Conveyancing panel. How can I be certain that this is indeed the case?
The first thing you need to do is to contact your lawyer directly. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the the approved Mansfield Building Society solicitor panel.
We are nearing an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender Mansfield Building Society. Apparently, being on the Mansfield Building Society conveyancing panel and acting on their behalf he must inform Mansfield Building Society if the balance of the mortgage advance is not just from me. I advised the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for him to raise this?
Your lawyer is obliged to check with Mansfield Building Society 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 Mansfield Building Society if you agree, failing which, your lawyer must cease to continue acting.
I have been looking for competitive conveyancing fees. Can I be confident that all the law firms that are listed on your directory are on the Mansfield Building Society conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us 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.
I am selling my house. Does my solicitor have to be on the Mansfield Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Mansfield Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I am about to exchange contracts on a purchase with a mortgage from Mansfield Building Society. The report from my solicitor mentions that Mansfield Building Society could withdraw their offer before completion. Is this right?
Banks and Building Societies such as Mansfield Building Society can revoke their mortgage offer although this rarely happens. 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 many potential reasons but here are a number of examples:
- If the financial circumstances of the borrower have changed to the detriment and the Mansfield Building Society has been notified
- If the borrower informs Mansfield Building Society of a change in security address
- Following advice from the valuer on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
- If the lender reasonably suspects that the applicant, borrower, mortgagor or guarantor is involved in any criminal or fraudulent activity, including trading in illegal drugs or other substances, theft, robbery, deception or other serious offences, or if the applicant borrower, mortgagor or guarantor has a conviction for any serious criminal offence, including theft, deception, fraud, robbery or trade in illegal drugs or other substances;
- 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
Can I register a complaint to Mansfield Building Society about the lawyers being on the Mansfield Building Society conveyancing panel?
There is little point in complaining directly to Mansfield Building Society. All solicitors and conveyancer must have a complaints procedure. Usually one can find this information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is addressed by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.
Intending to buy a flat with a mortgage with Mansfield Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Mansfield Building Society 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 Mansfield Building Society conveyancing panel
