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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.

Find an Approved Solicitor on the The Mortgage Business Conveyancing Panel

The Mortgage Business Conveyancing Panel : Questions and Answers

My financial adviser has asked me for my lawyer’ panel reference for the The Mortgage Business conveyancing panel. Can you suggest how I find this out. I have contacted my local The Mortgage Business office but they don't know it.
Have you tried speaking to your lawyer about this?. They should have a central record lender panel numbers including the The Mortgage Business panel reference.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company The Mortgage Business will not agree to this. Why was The Mortgage Business even consulted?
Your lawyer being on the The Mortgage Business conveyancing panel is duty bound to inform The Mortgage Business of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to The Mortgage Business then they would have to discontinue acting for you and The Mortgage Business.
Do all the licensed conveyancers and solicitor practices listed on your search have online case tracking as I was under the impression that this was a precondition of being on the The Mortgage Business conveyancing panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
I would like to get my former partner taken off the mortgage deeds. Can The Mortgage Business really insist on which solicitor I can or can not use?
You can use any solicitor you like but The Mortgage Business then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the The Mortgage Business solicitors panel
Are all Conveyancing Quality Solicitors on the The Mortgage Business conveyancing panel?
It is true that some banks and building societies now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
We expect to receive a DIP from The Mortgage Business this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the The Mortgage Business recommend a solicitor on the The Mortgage Business conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the The Mortgage Business conveyancing panel. The solicitor represents both you and the The Mortgage Business through the process.
My existing mortgage is with The Mortgage Business. My grandfather has just retired and wants to pay off my mortgage. After The Mortgage Business is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the The Mortgage Business conveyancing panel? I do not intend to live at the property once the The Mortgage Business mortgage is discharged.
You will need a solicitor but they need not be on the The Mortgage Business conveyancing 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.