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approved by theMortgageLender
Ready to buy a new home? Failing to check that a lawyer is on the theMortgageLender 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 Lender Limited Conveyancing Panel? How can my firm be reinstated onto the The Mortgage Lender Limited Conveyancing Panel?
Find an Approved Solicitor on the The Mortgage Lender Limited Conveyancing Panel
Examples of recent questions relating to the The Mortgage Lender Solicitor Panel
I appointed a law firm to conveyancing on my purchase 4 weeks ago having applied for a mortgage with The Mortgage Lender. The firm assured me that they are on The Mortgage Lender conveyancing panel and provided me their panel reference. The Mortgage Lender then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor listed on the conveyancing panel for The Mortgage Lender?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the The Mortgage Lender as to the time frame to get your lawyer reinstated on the panel once again.
I am due to complete my purchase next Tuesday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for The Mortgage Lender. What does the insurance need to cover?
All property lawyers on the The Mortgage Lender conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in The Mortgage Lender’s Part 2 requirements of the CML Handbook (last updated on The Mortgage Lender). Being on the The Mortgage Lender conveyancing panel your lawyer is expect to follow these instructions.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the The Mortgage Lender conveyancing panel. My lawyer has said that they are on the The Mortgage Lender 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 Lender 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 Lender solicitor panel.
I am selling my house. Does my solicitor have to be on the The Mortgage Lender conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the The Mortgage Lender conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
My wife and I have arranged a further advance on our mortgage from The Mortgage Lender as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the The Mortgage Lender conveyancing panel to deal with the legals?
The Mortgage Lender do not ordinarily appoint firms on their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the The Mortgage Lender panel
Planning on purchasing a flat 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
My offer on house has been accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What should be my next step? At what point should I appy for the mortgage with The Mortgage Lender?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the The Mortgage Lender conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with The Mortgage Lender and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.