Find an Approved Solicitor on the The Mortgage Lender Limited
Frequently asked questions relating to the The Mortgage Lender Solicitor Panel
My husband and I are buying a 2 bedroom apartment in Hackney with a mortgage from The Mortgage Lender. We have a solicitor but The Mortgage Lender says he's not on their "panel". We have to appoint one of the The Mortgage Lender panel solicitors or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that The Mortgage Lender use our lawyer?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the The Mortgage Lender conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for The Mortgage Lender
Our god-son is purchasing a newly built flat with a home loan from The Mortgage Lender. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document 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 Lender conveyancing panel as a standard part of the process, and to the surveyor 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 Lender conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am buying a house and require a conveyancing solicitor in who is on the The Mortgage Lender approved. Can you recommend a local firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for The Mortgage Lender . We don’t recommend any particular firm.
I am purchasing a right to buy flat and getting a mortgage with The Mortgage Lender. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the The Mortgage Lender conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the The Mortgage Lender conveyancing panel in your location.
is it true that all solicitor practices on the The Mortgage Lender conveyancing panel overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the The Mortgage Lender conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I am due to exchange contracts on my house. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, The Mortgage Lender are being a right pain. The solicitor who is on the The Mortgage Lender conveyancing panel is recommending indemnity insurance as a solution but The Mortgage Lender are insisting on a building regulation certificate. Why do The Mortgage Lender have a conveyancing panel of they don’t accept advice from them?
It is probably the case that The Mortgage Lender have referred the matter to their valuer. The reason why The Mortgage Lender 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.
Planning on purchasing a house with a mortgage with The Mortgage Lender. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the The Mortgage Lender 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 The Mortgage Lender conveyancing panel