Find an Approved Solicitor on the The Mortgage Lender Limited
FAQs for the The Mortgage Lender Conveyancing Panel
My partner and I are novices when it comes to buying a property. Within the last couple of days our lawyer has forwarded the sale agreement to sign with a detailed report in anticipation of exchanging contracts shortly. The Mortgage Lender have this afternoon contacted us to advise us that they have now hit a problem as our solicitor is not on their approved list of lawyers. Is this a problem?
If you are buying a property with the assistance of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.
In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme.
Your solicitors should contact The Mortgage Lender and see if they can apply for membership of the The Mortgage Lender conveyancing panel, but if that is not viable The Mortgage Lender will instruct their own lawyers to represent them. You don't have to instruct a firm on the The Mortgage Lender conveyancing panel and you may continue to use your own solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
We are nearing an exchange and my mum and dad having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender The Mortgage Lender. Apparently, being on the The Mortgage Lender conveyancing panel and acting on their behalf he must inform The Mortgage Lender if the balance of the mortgage advance is not just from me. I advised the bank about my parent’s contribution when I applied for the home loan so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with The Mortgage Lender to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to The Mortgage Lender if you agree, failing which, your lawyer must cease to continue acting.
I require the services of a The Mortgage Lender panel solicitor in Inverness. Could you help me?
It is not clear why you need a The Mortgage Lender panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to The Mortgage Lender to find out which solicitors in The Mortgage Lender are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
I am attempting to get my former partner removed the mortgage deeds. Can The Mortgage Lender really tell me which solicitor I can or can not use?
You can use any solicitor you like but The Mortgage Lender 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 Lender solicitors panel
Do conveyancing solicitors on the The Mortgage Lender conveyancing panel work on a no sale no fee basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
I have paid off my mortgage with The Mortgage Lender. I assume I don't need a solicitor on the The Mortgage Lender panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your The Mortgage Lender mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the The Mortgage Lender mortgage from the register. The Mortgage Lender,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the The Mortgage Lender has sent the Land Registry the discharge electronically, and
the The Mortgage Lender has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your The Mortgage Lender mortgage has been paid off.
I can not work out if my mortgage offer requires a lease extension . I have called into my local branch The Mortgage Lender on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the The Mortgage Lender 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
Your lawyer has to follow the CML Handbook Part 2 requirements for The Mortgage Lender. Unless your lawyer obtains specific confirmation in writing that The Mortgage Lender 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 Lender to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
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Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors