Find a Law Firm
approved by ModaMortgages
Ready to buy a new home? Failing to check that a lawyer is on the ModaMortgages list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the ModaMortgages Conveyancing Panel
FAQs for the ModaMortgages Solicitor Panel
A solicitor I had intended to instruct on a remortgage said he will levy higher legal fees if my mortgage is with ModaMortgages due to their unusual legal requirements. Am I likely to be frustrated using ModaMortgages? Any comments will be appreciated
ModaMortgages conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the ModaMortgages conveyancing panel. If they are not, this does add further risk of delay as ModaMortgages will appoint their own solicitors to look after their interest.
Our solicitor has identified a defect with the lease for the apartment we are purchasing. The seller’s lawyers have offered title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer has advised that as he is on the ModaMortgages conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is ModaMortgages?
Just because you have a mortgage offer from ModaMortgages does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and ModaMortgages are the client. The appropriate lender requirements must be adhered to by the ModaMortgages conveyancing panel who has to balance acting for you and ModaMortgages
What tools are available to search for a local solicitor on the ModaMortgages conveyancing panel? I have a car and am prepared to travel up to 20 kilometers to meet the solicitor.
Feel free to make use of the find a conveyancing panel tool on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the ModaMortgages solicitor panel.
I was supposed to move into my dream home two days ago. My solicitor is on the ModaMortgages conveyancing panel but has moved offices in the past couple of months and had not advised ModaMortgages of their new address. ModaMortgages is now refusing to release my funds as the information from the solicitors isn't correct.
This is a rare situation indeed. Most 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 ModaMortgages branch or your mortgage broker to see if they can assist.
We have had an offer accepted on a house I spoke to a solicitor recommended by my brother and he suggested instructing a property lawyers approved by ModaMortgages. The estate agent recommended two local firms so I asked ModaMortgages if the 2 suggested solicitors are approved, which they are not. ModaMortgages pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of ModaMortgages 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of ModaMortgages for conveyancing panel firms in your area. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the ModaMortgages conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto ModaMortgages conveyancing panel as it may only take about 2-3 weeks. As long as they meet ModaMortgages’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I have a mortgage with ModaMortgages. My father retired last week and wants to pay off the mortgage left on the property. After ModaMortgages is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the ModaMortgages conveyancing panel? I do not intend to live at the property once the ModaMortgages mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the ModaMortgages panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
At last I have had an offer on an apartment accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What should be my next step? When should I get the mortgage app going with ModaMortgages?
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 ModaMortgages 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 ModaMortgages and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.