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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

Common questions asked concerning the Molo Finance Buy to Let Solicitor Panel

Can you please explain the reason why all UK lawyers are not on the Molo Finance Buy to Let Solicitor panel?
Even though it may seem unfair for Molo Finance Buy to Let to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Molo Finance Buy to Let are limiting their conveyancing panel to a size that they are happy to control. The Molo Finance Buy to Let solicitor panel is not the smallest
I am buying a newly constructed duplex and my solicitor is advising me that she has to disclose incentives from the builder as her practice is on the Molo Finance Buy to Let conveyancing panel. I am under pressure to sign contracts and my preference is not to prolong matters. Can I insist on an exchange regardless of what my lawyer says about being on the Molo Finance Buy to Let panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Molo Finance Buy to Let approved panel is to comply with the CML Handbook requirements (last updated for this lender on Molo Finance Buy to Let). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Molo Finance Buy to Let conveyancing panel. My lawyer has said that they are on the Molo Finance Buy to Let 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 Molo Finance Buy to Let 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 Molo Finance Buy to Let solicitor panel.
My aunt passed away six months ago and as sole heir and executor was left the property. The house had a relatively small loan remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Molo Finance Buy to Let , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Molo Finance Buy to Let will insist on your using a conveyancer on the Molo Finance Buy to Let conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Molo Finance Buy to Let conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Molo Finance Buy to Let mortgage is registered as a charge at the Land Registry.
When it comes to lenders such as Molo Finance Buy to Let do solicitors have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Can you point me to a directory of Molo Finance Buy to Let panel conveyancers on the CML Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with Molo Finance Buy to Let. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Molo Finance Buy to Let you will need to appoint a solicitor on the Molo Finance Buy to Let conveyancing panel.