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approved by Mansfield Building Society
Ready to buy a new home? Failing to check that a lawyer is on the Mansfield Building Society list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Mansfield Building Society Conveyancing Panel? How can my firm be reinstated onto the Mansfield Building Society Conveyancing Panel?Find an Approved Solicitor on the Mansfield Building Society Conveyancing Panel
Q and A’s regarding the Mansfield Building Society Conveyancing Panel
My lawyer has never been on on the Mansfield Building Society Conveyancing Panel. Can I still retain my family solicitor even though they are excluded from the Mansfield Building Society panel?
The most common options here are as follows:
- Carry on with your existing 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
Much to my surprise my property lawyer is asking me for ID documents asserting that this is part of his requirements as a solicitor on the Mansfield Building Society Solicitor panel. Can this be correct?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Mansfield Building Society your lawyer also has to check ID documents to satisfy Mansfield Building Society
Are the lawyers identified as being on the Mansfield Building Society conveyancing panel, together with their details provided by Mansfield Building Society?
The law firm practices themselves provide us confirmation that they are on the Mansfield Building Society conveyancing panel as opposed to being supplied with a list from Mansfield Building Society directly.
My uncle passed away six months ago and as sole heir and executor was left the property. The house had a small mortgage left on it of around £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 possible?
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.
I was thinking of purchasing my friend’s property. Once we agree a price, what’s the best way to proceed? I hope to get a mortgage with Mansfield Building Society. Is there anyway to cut out the solicitors to save us both money? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Mansfield Building Society involved you will need to appoint a solicitor on the Mansfield Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Mansfield Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Mansfield Building Society conveyancing panel.
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.
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What do I do now? When should I get the mortgage app going with Mansfield Building Society?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Mansfield Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Mansfield Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.