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approved by The Mtg Works

The Mortgage Works and other banks normally restrict either the type or the number of conveyancing solicitors on their panel. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that The Mortgage Works have no responsibility for the quality of advice provided by any member of The Mortgage Works Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, Conveyancing is not their speciality? To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime; probably not.

The document is intended to provide information to the main parties engaged in the purchase. 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 surveyor 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.

The solicitor and licensed conveyancing practices listed on our site have assured us via an online form that they are on the The Mortgage Works panel and agreed to advise us to take down their listing in the event of removal off of the The Mortgage Works panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the The Mortgage Works conveyancing panel is incorrect.

Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the The Mortgage Works 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 Works conveyancing panel in your location.

As solicitors, in order to be on the The Mortgage Works conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).

The Mortgage Works do not ordinarily instruct firms on their approved list of lawyers 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 Works list

The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up The Mortgage Works or your broker and complete any relevant paperwork. The Mortgage Works will tell you what documents they want. The Mortgage Works will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. The Mortgage Works will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.