Molo Finance Buy to Let Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers. It is a unique risk mitigation tool.

This software facilitates the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Molo Finance Buy to Let’s changes. While utilising the software is not a condition for being 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 a helpful support to your panel application and, more importantly, protect your panel status.

The system creates real-time alerts, automatically produces compliance and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by Molo Finance Buy to Let

Banks and building societies frequently 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, over time:

A Timeline of Policy Changes


Since 2008, Molo Finance Buy to Let has made 107 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 25.5 days. In total, 56% 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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Recent Changes Include

# Date Assoc. Changes Related To
10.11 22/10/2018 CML
1.14 22/10/2018 CML
1.15 22/10/2018 CML
3.2.3 22/10/2018 CML
5.14.15a 22/10/2018 CML Absentee Landlord Indemnity Insurance
5.4.6 22/10/2018 CML Local Search Indemnity Insurance
6.11.1 22/10/2018 CML Obstruction of Access Indemnity Insurance
6.6.4 22/10/2018 CML
6.7.6 22/10/2018 CML
5.20.3 22/10/2018 CML

Last update 26/05/2019

Frequently asked questions relating to the Molo Finance Buy to Let Solicitor Panel from members of the public

I need to swap lawyers as my lawyer is not on the Molo Finance Buy to Let panel of conveyancing solicitors. Is it practical to instruct different lawyers?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
My partner and I changing mortgage lender for our maisonette with Molo Finance Buy to Let. We have a son approaching twenty who lives with us. The solicitor on the Molo Finance Buy to Let conveyancing panel requested us to identify any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the property is repossessed. I have two concerns (1) Is this document specific to the Molo Finance Buy to Let conveyancing panel as he did not need to sign this form when we purchased 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Molo Finance Buy to Let .This is solely used to protect the Molo Finance Buy to Let if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Molo Finance Buy to Let had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

Do I have to visit the offices of the Molo Finance Buy to Let conveyancing panel solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Liverpool so that I can pop in to their offices when needed.
As opposed to 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Liverpool .
I am attempting to get my former partner taken off the mortgage deeds. Can Molo Finance Buy to Let really tell me which solicitor I can or can not retain?
You can use any solicitor you like but Molo Finance Buy to Let then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Molo Finance Buy to Let solicitors panel
I have agreed a price on a flat I spoke to a conveyancer previously used by my uncle and he suggested instructing a solicitor approved by Molo Finance Buy to Let. The estate agent recommended two local firms so I asked Molo Finance Buy to Let if the 2 suggested solicitors are approved, which they are not. Molo Finance Buy to Let pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Molo Finance Buy to Let 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Molo Finance Buy to Let to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Molo Finance Buy to Let conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Molo Finance Buy to Let conveyancing panel as it may only take about 2-3 weeks. As long as they meet Molo Finance Buy to Let’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with Molo Finance Buy to Let. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Molo Finance Buy to Let you will need to appoint a solicitor on the Molo Finance Buy to Let conveyancing panel.
Completion of my remortgage has taken place with a mortgage from Molo Finance Buy to Let. Conveyancing was a necessary evil but I would like to complain about Molo Finance Buy to Let. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the Molo Finance Buy to Let branches or the Customer Care Team at Molo Finance Buy to Let head office. Ordinarily complaints to Molo Finance Buy to Let are resolved effectively and efficiently. However if you are not satisfied that the matter is resolved you can write to the Financial Ombudsman Service who will take matters further.