MPowered Mortgages Solicitor Panel Sample Enquires to our Call Center from members of the public
Much to my surprise I have been told by my IFA that my property lawyer is not on the MPowered Mortgages Conveyancing panel. What can I do to check?
The first thing you need to do is to contact your lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they may recommend you to a firm that is on the the approved MPowered Mortgages solicitor panel.
We are nearing 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 MPowered Mortgages. I am advised that, being on the MPowered Mortgages conveyancing panel and acting on their behalf he must inform MPowered Mortgages if the balance of the mortgage advance is not just from me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with MPowered Mortgages 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 MPowered Mortgages if you agree, failing which, your lawyer must cease to continue acting.
Whilst your website is a good idea there are many lawyers listed near Hackney on the MPowered Mortgages conveyancing panel. Can you recommend a specific firm on the MPowered Mortgages approved panel?
We do not recommend specific firms 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. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
The solicitors that just started acting on my house acquisition in Brighton has suddenly closed. They were on acting for me because I had to have a firm on the MPowered Mortgages conveyancing panel and my family lawyer was not. I gave my credit card details for them to take £175 for searches. What are my options?
If you have an estate agent involved then inform them straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the MPowered Mortgages conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help
I have today made my last payment due on mortgage with MPowered Mortgages. I assume I don't need a solicitor on the MPowered Mortgages panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your MPowered Mortgages 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 MPowered Mortgages mortgage from the register. MPowered Mortgages,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 MPowered Mortgages has sent the Land Registry the discharge electronically, and
the MPowered Mortgages has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your MPowered Mortgages mortgage has been paid off.
After much negotiation I have agreed a price on an apartment. My financial adviser pressured me to appoint their lawyers I paid an upfront payment of 175. Soon after the conveyancers contacted me to say that they were not on the MPowered Mortgages conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the MPowered Mortgages panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am selling my house. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, MPowered Mortgages are being a right pain. The solicitor who is on the MPowered Mortgages conveyancing panel is recommending indemnity insurance as a solution but MPowered Mortgages are requiring a building regulation certificate. Why do MPowered Mortgages have a conveyancing panel of they don’t accept advice from them?
It is probably the case that MPowered Mortgages have referred the matter to their valuer. The reason why MPowered Mortgages may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.