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 Example Support Desk Enquires
A conveyancer I had intended to instruct on a purchase said she would charge more if my mortgage is with Molo Finance Buy to Let because of their difficult processes! Will I regret using Molo Finance Buy to Let? Is Molo Finance Buy to Let conveyancing so much more difficult?
Molo Finance Buy to Let 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 Molo Finance Buy to Let conveyancing panel. If they are not, this does add further risk of delay as Molo Finance Buy to Let will appoint their own solicitors to look after their interest.
Our son-in-law is purchasing a newly built flat with a mortgage from Molo Finance Buy to Let. His solicitor has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Molo Finance Buy to Let conveyancing panel as a standard part of the process, and to the valuer when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Molo Finance Buy to Let conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I need to find a Molo Finance Buy to Let panel solicitor in Belfast. Could you help me?
It is not clear why you need a Molo Finance Buy to Let panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Molo Finance Buy to Let to find out which solicitors in Molo Finance Buy to Let are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
Can you clarify what the consequences are if my lawyer’s firm is expelled from the Molo Finance Buy to Let Conveyancing panel before the moving date as agreed at exchange of contracts?
First, this is a very rare occurrence. 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.
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to proceed? I hope to get a mortgage with Molo Finance Buy to Let. Is there anyway to cut out the solicitors to save us both money? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Molo Finance Buy to Let involved you will need to appoint a solicitor on the Molo Finance Buy to Let 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 Molo Finance Buy to Let. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Molo Finance Buy to Let conveyancing panel.
What are the common reasons for a lender such as Molo Finance Buy to Let to withdraw a mortgage offer?
Banks and Building Societies such as Molo Finance Buy to Let can withdraw their mortgage offer although this is unusual. If Molo Finance Buy to Let withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are a few examples:
- Where information comes to Molo Finance Buy to Let ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
- If the financial circumstances of the borrower have changed to the detriment and the Molo Finance Buy to Let has been notified
- If the borrower informs Molo Finance Buy to Let of a change in the loan amount agreed
- Where the Lender’s right to possession is fettered in some way
- If the lender reasonably believe that the applicant, borrower, mortgagor or guarantor is insolvent or is about to become insolvent or has or will have a petition presented or if any one or all enter into any arrangement with their creditors generally or if any one or all should suffer a material change in their financial circumstances
After much negotiation I have agreed a price on a house. My mortgage broker suggested a solicitor I paid an upfront payment of 150. 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.