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approved by The Mtg Works
Ready to buy a new home? Failing to check that a lawyer is on the The Mtg Works list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the The Mortgage Works Conveyancing Panel? How can my firm be reinstated onto the The Mortgage Works Conveyancing Panel?Find an Approved Solicitor on the The Mortgage Works Conveyancing Panel
FAQs for the The Mortgage Works Solicitor Panel
My Solicitor has never been on on the The Mortgage Works Conveyancing Panel. Is it possible for me to continue with my family solicitor even though they are excluded from the The Mortgage Works panel of approved conveyancing solicitors?
The most common options here are as follows:
- Complete the purchase with your preferred lawyers but The Mortgage Works will need to instruct a lawyer on the The Mortgage Works 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 The Mortgage Works conveyancing panel.
- Urge your lawyer to apply to join the The Mortgage Works lender panel
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company The Mortgage Works will not agree to this. Why was The Mortgage Works even consulted?
Your lawyer being on the The Mortgage Works conveyancing panel is duty bound to inform The Mortgage Works of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to The Mortgage Works then they would have to discontinue acting for you and The Mortgage Works.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the The Mortgage Works conveyancing panel. My lawyer has said that they are on the The Mortgage Works approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the The Mortgage Works conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the The Mortgage Works solicitor panel.
My conveyancers in Newcastle have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with The Mortgage Works. Is it case that being on the The Mortgage Works conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the The Mortgage Works Conveyancing Panel Terms. It might be worth you contacting The Mortgage Works directly.
Do conveyancing solicitors on the The Mortgage Works conveyancing panel work on a no sale no fee basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
I had instructed online conveyancers based in Bristol who are on the The Mortgage Works solicitor panel. They have just invoiced me a separate fee of £135 for the legal aspects of the The Mortgage Works mortgage. Is this an additional conveyancing fee set by The Mortgage Works?
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 The Mortgage Works but by your lawyers. Some firms on the The Mortgage Works will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
How can we tell if a solicitor on the The Mortgage Works panel is any good?
seeking recommendations is a good start. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor conducting your conveyancing
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Transfer of Equity for The Mortgage WorksPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors