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approved by The Mtg Works
Ready to buy a new home? Failing to check that a lawyer is on the The Mtg Works list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?Is my firm on the The Mortgage Works Conveyancing Panel? How does my firm apply to be on the The Mortgage Works Conveyancing Panel? How can my firm be reinstated onto the The Mortgage Works Conveyancing Panel?
Find an Approved Solicitor on the The Mortgage Works Conveyancing Panel
FAQs for the The Mortgage Works Conveyancing Panel
My Solicitor is not listed on the The Mortgage Works Solicitor Panel. Is it possible for me to use my preferred solicitor notwithstanding that they are excluded from the The Mortgage Works list of approved lawyers?
You will need to have a conveyancer complete the legal work required when you take out a The Mortgage Works mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the The Mortgage Works conveyancing panel additional costs will be incurred as separate legal representation will be required by The Mortgage Works. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
Can you clarify something for me?. 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 Works was date stamped random date and we have agreed a date for me to move into the property on Tues etc. My solicitor says that as she is on the The Mortgage Works conveyancing panel she needs to redo the searches as they are no longer valid.
A precondition to being on the The Mortgage Works approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on The Mortgage Works)which specifies 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 Works.
Are there any apps to help find a local solicitor on the The Mortgage Works conveyancing panel? I have a car and am prepared to travel up to 10 kilometers to meet the lawyer.
Feel free to make use of the find a conveyancing panel search on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the The Mortgage Works solicitor panel.
Can you clarify what the consequences are if my solicitor is expelled from the The Mortgage Works Conveyancing panel before the moving date as agreed at exchange of contracts?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
We have a mortgage agreed in principle with The Mortgage Works. Solicitors have been chosen? What is the average time that one could expect to receive a mortgage offer from The Mortgage Works?
Some lenders take longer than others. Have The Mortgage Works done the valuation? Have you advised The Mortgage Works as your lawyers details and checked that your lawyer is on the The Mortgage Works conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
In what circumstances might The Mortgage Works amend or withdraw their mortgage offer?
Banks and Building Societies such as The Mortgage Works can withdraw their mortgage offer although this is unusual. In the unlikely event that The Mortgage Works withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are a number of examples:
- If the borrower informs The Mortgage Works of a change in security address
- Amendments if purchase price adjusted and the loan to value limits exceeded by this. Please note that The Mortgage Works conveyancing panel solicitors would be obliged to notify The Mortgage Works of a change in the price of the property.
- Following advice from the valuer on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
- Where the sale is not at arms length for value to unconnected persons
- Where the Lender’s right to possession is fettered in some way
My ex -wife’s name is on the The Mortgage Works mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the The Mortgage Works mortgage in order to sell?
In terms of the The Mortgage Works mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of The Mortgage Works in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.