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Molo Finance Buy to Let Conveyancing Lender Panel Compliance Tool

Looking for information about your firm's panel status?

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How can my firm apply to be on the Molo Finance Buy to Let Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the Molo Finance Buy to Let Conveyancing Panel?
Check your firm’s panel Status

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. It is supported by PI insurers. It is a unique risk management tool.

This software facilitates the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with alerts on Molo Finance Buy to Let’s changes. Even though using the software is not a condition for acceptance on the Molo Finance Buy to Let panel, demonstrating you can remain up to date with Molo Finance Buy to Let’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, protect your firm’s panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Molo Finance Buy to Let

Banks and building societies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Molo Finance Buy to Let are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes


Since 2008, Molo Finance Buy to Let has made 280 revisions or additions to sections of their version of the UK Finance Handbook.
That equates to a section change every 9.8 days. In total, 59% of the sections of P2 of the UK Finance Lenders’ Handbook for Molo Finance Buy to Let have been changed since 15/12/2008.

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Molo Finance Buy to Let Conveyancing Panel : Questions and Answers from members of the public

For what reasons could a law firm be excluded from the Molo Finance Buy to Let approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been excluded from a lender panel. The most common reasons in order are :
  1. lack of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by Molo Finance Buy to Let
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Molo Finance Buy to Let will not agree to this. Why was Molo Finance Buy to Let even consulted?
Your lawyer being on the Molo Finance Buy to Let conveyancing panel is duty bound to inform Molo Finance Buy to Let of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Molo Finance Buy to Let then they would have to discontinue acting for you and Molo Finance Buy to Let.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Molo Finance Buy to Let conveyancing panel. My lawyer has said that they are on the Molo Finance Buy to Let 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 Molo Finance Buy to Let 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 Molo Finance Buy to Let solicitor panel.
Please explain the implications if my lawyer’s firm is expelled from the Molo Finance Buy to Let Solicitor panel in advance of the completion date?
First, this is a very rare occurrence. 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.
I had instructed online solicitors based in Cardiff who are on the Molo Finance Buy to Let solicitor panel. They have just invoiced me a separate fee of £195 for dealing with the Molo Finance Buy to Let mortgage. Is this a supplemental conveyancing fee set by Molo Finance Buy to Let?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Molo Finance Buy to Let but by your lawyers. Some firms on the Molo Finance Buy to Let will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
After shopping around on the internet I have found a solicitor having checked that they are on the Molo Finance Buy to Let conveyancing panel. Does my lawyer arrange the survey of the property? Or Having read lots of house buying,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the Molo Finance Buy to Let conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Molo Finance Buy to Let will need an independent valuation of the property. Your lawyer will not arrange this. Usually Molo Finance Buy to Let will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Molo Finance Buy to Let you could contact your them to see if they have a list of approved surveyors.
We are are purchasing a terraced house in Hendon. Conveyancing solicitors in Hendon will soon begiven the go-ahead. My colleaguesuggested that we check that the conveyancer in Hendon is on the Molo Finance Buy to Let solicitors panel. Surely I don't need to do this, do I?
Not all Hendon conveyancing practices are on the Molo Finance Buy to Let conveyancing panel. Click here to search for a Hendon conveyancing lawyer on the on the Molo Finance Buy to Let list of approved conveyancing firms.

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