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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.

Find an Approved Solicitor on the Molo Finance Buy to Let Mortgages Conveyancing Panel

Frequently asked questions relating to the Molo Finance Buy to Let Conveyancing Panel

My financial adviser has informed me that I have to pay Molo Finance Buy to Let fees should I instruct my family lawyer. How good are the Molo Finance Buy to Let conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH as long as they're good and reasonably priced. Are there any Molo Finance Buy to Let conveyancers you'd recommend?
Molo Finance Buy to Let’s conveyancing panel is pretty large so your best bet is just to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Molo Finance Buy to Let will allow to act for them.
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 Molo Finance Buy to Let will not agree to this. Why was Molo Finance Buy to Let even consulted?
Your lawyer being on the Molo Finance Buy to Let conveyancing panel is duty bound to inform Molo Finance Buy to Let of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Molo Finance Buy to Let then they would have to discontinue acting for you and Molo Finance Buy to Let.
Are the lawyers identified as being on the Molo Finance Buy to Let conveyancing panel, together with their details provided by Molo Finance Buy to Let?
The law firm practices themselves provide us confirmation that they are on the Molo Finance Buy to Let conveyancing panel as opposed to being supplied with a list from Molo Finance Buy to Let directly.
What happens if my lawyer’s firm is removed from the Molo Finance Buy to Let Solicitor panel before completion?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
is it true that all solicitor firms on the Molo Finance Buy to Let conveyancing panel overseen by the SRA?
As a firm of solicitors, in order to be on the Molo Finance Buy to Let conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I have had an offer accepted on a flat I spoke to a solicitor previously used by my dad and he recommended retaining a property lawyers approved by Molo Finance Buy to Let. The estate agent recommended two local firms so I asked Molo Finance Buy to Let if the 2 suggested solicitors are approved, which they are not. Molo Finance Buy to Let pointed out that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Molo Finance Buy to Let '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 Molo Finance Buy to Let 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 Molo Finance Buy to Let 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 Molo Finance Buy to Let conveyancing panel as it may only take about 2-3 weeks. As long as they meet Molo Finance Buy to Let’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.
My existing mortgage is with Molo Finance Buy to Let. My uncle has just retired and wants to pay off my mortgage. After Molo Finance Buy to Let 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 Molo Finance Buy to Let conveyancing panel? I do not intend to live at the property once the Molo Finance Buy to Let mortgage is discharged.
Although you do need to retain the services of a lawyer they dont need to be on the Molo Finance Buy to Let 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.