Find a Law Firm
approved by moloFinanceBTL
Ready to buy a new home? Failing to check that a lawyer is on the moloFinanceBTL 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 Molo Finance Buy to Let Mortgages Conveyancing Panel? How can my firm be reinstated onto the Molo Finance Buy to Let Mortgages Conveyancing Panel?Find an Approved Solicitor on the Molo Finance Buy to Let Mortgages Conveyancing Panel
Molo Finance Buy to Let Solicitor Panel Recently Asked Questions
My lawyer has never been on on the Molo Finance Buy to Let Solicitor Panel. Can I still retain my family solicitor even though they are excluded from the Molo Finance Buy to Let approved list?
You have a number of options available to you here:
- Complete the purchase with your existing lawyers but Molo Finance Buy to Let will need to instruct a lawyer on the Molo Finance Buy to Let 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 Molo Finance Buy to Let conveyancing panel.
- Convince your lawyer to do everything within their powers to join the Molo Finance Buy to Let conveyancing panel
We are approaching 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 Molo Finance Buy to Let. Apparently, being on the Molo Finance Buy to Let conveyancing panel and acting on their behalf he must inform Molo Finance Buy to Let if the balance of the mortgage advance is coming from anyone other than me. I disclosed to 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 Molo Finance Buy to Let 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 Molo Finance Buy to Let if you agree, failing which, your lawyer must cease to continue acting.
I am looking to buy a house and need a conveyancing solicitor in Liverpool who is on the Molo Finance Buy to Let solicitor. Could you point me in the right direction as regards a conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Molo Finance Buy to Let . We don’t recommend any particular firm.
I was due to complete on my flat yesterday. My solicitor is on the Molo Finance Buy to Let solicitors panel but has moved offices 8 weeks ago and had not advised Molo Finance Buy to Let of their new address. Molo Finance Buy to Let is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Molo Finance Buy to Let branch or your mortgage broker to see if they can assist.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Molo Finance Buy to Let have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Molo Finance Buy to Let your lawyer must to check the Molo Finance Buy to Let conveyancing instructions contained in the Part of CML Handbook for Molo Finance Buy to Let . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Molo Finance Buy to Let where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
I recently had an offer accepted on an apartment. My financial adviser recommended their conveyancers I paid an upfront payment of 225. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Molo Finance Buy to Let 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 Molo Finance Buy to Let 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.
Molo Finance Buy to Let 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 Molo Finance Buy to Let or your broker and complete any relevant paperwork. Molo Finance Buy to Let will tell you what documents they want. Molo Finance Buy to Let 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. Molo Finance Buy to Let 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.