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approved by The Mtg Business
Ready to buy a new home? Failing to check that a lawyer is on the The Mtg Business list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the The Mortgage Business Conveyancing Panel? How can my firm be reinstated onto the The Mortgage Business Conveyancing Panel?Find an Approved Solicitor on the The Mortgage Business Conveyancing Panel
Frequently asked questions relating to the The Mortgage Business Conveyancing Panel
I am hoping to receive a mortgage offer from The Mortgage Business. I hope to employ the services of a Licensed Conveyancer. Does the The Mortgage Business Solicitor panel allow for Licensed Conveyancers
The Mortgage Business’s approved solicitor list is, like many other lenders represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
My solicitor has spotted a discrepancy when comparing the information in The Mortgage Business’s valuation survey and what is in the title deeds. My solicitor has advised that as he is on the The Mortgage Business conveyancing panel he must check that the bank is with this discrepancy and is still content to lend. Is my lawyer’s stance correct?
A precondition to being on the The Mortgage Business approved panel is to comply with the CML Handbook requirements (last updated for this lender on The Mortgage Business) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Do all the firms listed on your search have online case tracking as I was under the impression that this was a precondition of being on the The Mortgage Business solicitor panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
I was expecting to move into my flat last Thursday. My solicitor is on the The Mortgage Business solicitors panel but has changed address in the past couple of months and had not informed The Mortgage Business of their new address. The Mortgage Business is now refusing to release my funds as the information from the solicitors isn't correct.
This is a rare situation indeed. 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 Business branch or your mortgage broker to see if they can assist.
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to proceed? I hope to get a mortgage with The Mortgage Business. Is there anyway to cut out the solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with The Mortgage Business involved you will need to appoint a solicitor on the The Mortgage Business conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to The Mortgage Business. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the The Mortgage Business conveyancing panel.
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 in the pipeline. My conveyancing solicitor has been instructed. What do I do now? When should I get the mortgage app going with The Mortgage Business?
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 Business 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 Business and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
We are are purchasing a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon are preferred to begiven the go-ahead. My agentsuggested that we double-check that the property lawyer in Hendon is on the The Mortgage Business approved list of lawyers. Aren't all lawyers on the The Mortgage Business panel?
Far from all Hendon conveyancing firms are on the The Mortgage Business conveyancing panel. Use the above search tool to locate a Hendon conveyancing solicitor on the on the The Mortgage Business approved list of lawyers.
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Transfer of Equity for The Mortgage BusinessPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors