Find an Approved Solicitor on the The Mortgage Business
FAQs for the The Mortgage Business Conveyancing Panel
It has come to my attention via my IFA that my the law firm I have appointed is not on the The Mortgage Business Conveyancing panel. What can I do to be sure that this is correct?
You need to contact your conveyancer. You lawyer should advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the the approved The Mortgage Business solicitor panel.
Can you help?. For no fault of my lawyer but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from The Mortgage Business was date stamped random date and we have agreed a date for me to move into the property on Tues etc. My solicitor informs me that as she is on the The Mortgage Business conveyancing panel she needs to reorder the searches as they are no longer acceptable to the lender.
A precondition to being on the The Mortgage Business approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on The Mortgage Business)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 The Mortgage Business.
Do I need to have a meeting at the offices of the The Mortgage Business conveyancing panel solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Bristol
so that I can attend their offices when needed.
As opposed to 15 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Bristol
My grandmother passed away six months ago and as sole heir and executor was left the house. The house had a small mortgage left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to The Mortgage Business , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then The Mortgage Business will insist on your using a conveyancer on the The Mortgage Business 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 The Mortgage Business 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 The Mortgage Business mortgage is registered as a charge at the Land Registry.
I previously instructed online conveyancers located in Cardiff who are on the The Mortgage Business solicitor panel. They have just invoiced me a separate fee of £135 for dealing with the The Mortgage Business mortgage. Is this an additional conveyancing fee specified by The Mortgage Business?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by The Mortgage Business but by your lawyers. Some firms on the The Mortgage Business will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
We have agreed a price on a house I spoke to a solicitor previously used by my uncle and he suggested using a law firm approved by The Mortgage Business. The estate agent recommended two local firms so I asked The Mortgage Business if the 2 suggested solicitors are approved, which they are not. The Mortgage Business pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of The Mortgage Business 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask The Mortgage Business 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 The Mortgage Business 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 The Mortgage Business conveyancing panel as it may only take about 2-3 weeks. As long as they meet The Mortgage Business’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.
I have not been happy with the level or service received from my lawyer. Is there a The Mortgage Business conveyancing panel complaints department or do I complain directly to the law firm?
There is little point in complaining directly to The Mortgage Business. Every solicitor firm and conveyancer must have a complaints procedure. Usually one can find this information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is addressed by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.