Find an Approved Solicitor on the The Mortgage Works
Conveyancing Panel
The Mortgage Works Solicitor Panel Example Support Desk Enquires
My wife and I are novices when it comes to buying a property. Within the 48 hours our lawyer has forwarded the sale agreement to sign with a detailed report in anticipation of exchanging contracts shortly. The Mortgage Works have this morning contacted us to advise us that there is now an issue as our conveyancer is not on their conveyancing panel. What do we do from here?
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 Quality Scheme.
Your property lawyers should contact The Mortgage Works and see if they can apply for membership of the The Mortgage Works conveyancing panel, but if that is not viable The Mortgage Works will instruct their own solicitors to act. You don't have to instruct a firm on the The Mortgage Works conveyancing panel as you are at liberty to use your preferred lawyers, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
My god-son is about to exchange on a newly built flat with a home loan from The Mortgage Works. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form 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 Works conveyancing panel as a standard part of the process, and to the valuer when asked.
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 Works conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What tools are available to search for 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 tool 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.
I was expecting to move into my first house last Friday. My lawyer’s firm is on the The Mortgage Works solicitors panel but has moved offices in the past couple of months and had not informed The Mortgage Works of their new address. The Mortgage Works has locked down the release of mortgage funds as the information from the solicitors isn't correct.
This is as unusual as it is unlucky. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local The Mortgage Works branch or your mortgage broker to see if they can assist.
I have paid off my mortgage with The Mortgage Works. I assume I don't need a solicitor on the The Mortgage Works panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your The Mortgage Works 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 Works mortgage from the register. The Mortgage Works,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 Works has sent the Land Registry the discharge electronically, and
the The Mortgage Works has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your The Mortgage Works mortgage has been paid off.
I can not work out if my mortgage offer requires a lease extension . I have telephoned The Mortgage Works on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the The Mortgage Works conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the The Mortgage Works panel she or he must comply with the CML Handbook requirements for The Mortgage Works. Unless your lawyer obtains specific confirmation in writing that The Mortgage Works 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 Works to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
At last I have had an offer on an apartment accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What should be my next step? When should I get the mortgage app going with The Mortgage Works?
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 Works 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 Works and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.