Find a Law Firm
approved by The Mtg Business
Ready to buy a new home? Failing to check that a lawyer is on the The Mtg Business 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 The Mortgage Business Conveyancing Panel? How can my firm be reinstated onto the The Mortgage Business Conveyancing Panel?Find an Approved Solicitor on the The Mortgage Business Conveyancing Panel
FAQs : The The Mortgage Business Conveyancing Panel
A lawyer my fiance and I had intended to instruct on a remortgage said she will levy higher legal fees if my mortgage is with The Mortgage Business due to their unusual legal requirements. Am I likely to be frustrated using The Mortgage Business? Any comments will be appreciated
The Mortgage Business 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 The Mortgage Business conveyancing panel. If they are not, this does add further risk of delay as The Mortgage Business will appoint their own solicitors to look after their interest.
My son-in-law is buying a house that has just been built with a mortgage from The Mortgage Business. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the The Mortgage Business conveyancing panel as a standard part of the process, and to the valuer when requested.
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 The Mortgage Business conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the The Mortgage Business conveyancing panel. My lawyer has said that they are on the The Mortgage Business 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 The Mortgage Business 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 The Mortgage Business solicitor panel.
The lawyers that I appointed last week on my purchase in Hendon has suddenly closed. They were on acting for me because I needed a firm on the The Mortgage Business conveyancing panel and my family lawyer was not. I paid them £200 on account. What are my options?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the The Mortgage Business conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist
I am buying a property where the roof has a solar panel. The Mortgage Business have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with The Mortgage Business your lawyer must to check the The Mortgage Business conveyancing instructions contained in the Part of CML Handbook for The Mortgage Business . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to The Mortgage Business where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have telephoned The Mortgage Business on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the The Mortgage Business conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the The Mortgage Business panel she or he must comply with the CML Handbook requirements for The Mortgage Business. Unless your lawyer obtains specific confirmation in writing that The Mortgage Business will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask The Mortgage Business to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
I am due to exchange contracts on my apartment. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, The Mortgage Business are being pedantic. The solicitor who is on the The Mortgage Business conveyancing panel is recommending indemnity insurance as a solution but The Mortgage Business are insisting on a building regulation certificate. Why do The Mortgage Business have a conveyancing panel of they don’t accept advice from them?
It is probably the case that The Mortgage Business have referred the matter to their valuer. The reason why The Mortgage Business may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
Other Topics
Transfer of Equity for The Mortgage BusinessPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors