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approved by Mortgage Agency Services

Ready to buy a new home? Failing to check that a lawyer is on the Mortgage Agency Services list of approved solicitors can put your transaction at risk of delay or failure.

Find an Approved Solicitor on the Mortgage Agency Services Conveyancing Panel

FAQs : The Mortgage Agency Services Solicitor Panel

How easy is it to change a solicitor as I need to find one who is on the Mortgage Agency Services conveyancing panel. How easy is it to change conveyancer?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
Please assist. For no fault of my lawyer but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Mortgage Agency Services was date stamped random date and we have agreed a date for me to move into the property on 6 months + 3. My solicitor says that as she is on the Mortgage Agency Services conveyancing panel she needs to redo the searches as they are now out of date.
One of the many conditions to being on the Mortgage Agency Services approved panel is to comply with the CML Handbook requirements (last updated for this lender on Mortgage Agency Services)which states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Mortgage Agency Services.
I note that you have a post code search directory listing firms on the Mortgage Agency Services conveyancing panel. Do firms pay you a referral fee if I instruct them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Mortgage Agency Services conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
Please explain the implications if my lawyer’s firm is expelled from the Mortgage Agency Services Solicitor panel in advance of the completion date?
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 at a cost.
I have a mortgage with Mortgage Agency Services. My uncle has just retired and wants to pay off the mortgage left on the property. After Mortgage Agency Services is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Mortgage Agency Services conveyancing panel? I do not intend to live at the property once the Mortgage Agency Services mortgage is discharged.
Although you do need to retain the services of a lawyer they dont need to be on the Mortgage Agency Services 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.
Planning on purchasing a house with a mortgage with Mortgage Agency Services. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Mortgage Agency Services conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Mortgage Agency Services conveyancing panel
I was told four weeks ago that my mortgage has been agreed to by Mortgage Agency Services. Is it usual for Mortgage Agency Services to only issue the offer once my solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Mortgage Agency Services to deal with your lawyers application to be on the Mortgage Agency Services conveyancing panel. There's no guarantee that your solicitors will be accepted.