Molo Finance Buy to Let Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. It is a unique risk mitigation tool.

This software optimises the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Molo Finance Buy to Let’s changes. Even though utilising COMPLETIONmonitor is not a prerequisite for Molo Finance Buy to Let , demonstrating you can stay up to date with Molo Finance Buy to Let’s Handbook requirements is an excellent support to your panel application and, more importantly, safeguard your firm’s panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces SRA and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for many firms, results in a PII saving.

Find a Law Firm approved by Molo Finance Buy to Let

Lenders frequently change 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 105 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 26.0 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.

To find out more about lender panel compliance,

Book a Personalised Demo

Recent Changes Include

# Date Assoc. Changes Related To
5.14.11 19/03/2019 CML Defective Lease Indemnity Insurance
10.2a 22/10/2018 CML
14.1.4 22/10/2018 CML
17.2.1a 22/10/2018 CML
5.14.11 22/10/2018 CML Defective Lease Indemnity Insurance
5.19.1 22/10/2018 CML
5.5.3a 22/10/2018 CML Lack of Planning Permission Indemnity Insurance
5.5.3b 22/10/2018 CML Lack of Planning Permission Indemnity Insurance
5.5.4 22/10/2018 CML Restrictive Covenant Indemnity Insurance
6.7.4 22/10/2018 CML

Last update 12/03/2019

Examples of recent questions relating to the Molo Finance Buy to Let Conveyancing 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. How easy is it to change conveyancer?
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.
Please help. My conveyancer is assuring me that she is duty-bound to conduct a Local Authority search because the firm are on the Molo Finance Buy to Let approved lawyer panel. Do I not have a choice here?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with Molo Finance Buy to Let your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Molo Finance Buy to Let’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Molo Finance Buy to Let. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I require the services of a Molo Finance Buy to Let panel solicitor in Inverness. Can you assist?
Unfortunately it’s not apparent why you need a Molo Finance Buy to Let panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Molo Finance Buy to Let to find out which solicitors in Molo Finance Buy to Let are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am buying a garden flat and getting a mortgage with Molo Finance Buy to Let. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Molo Finance Buy to Let 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 Molo Finance Buy to Let conveyancing panel in your location.
Can you point me to a directory of Molo Finance Buy to Let panel solicitors on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
Is it the case that all conveyancing lawyers on the Molo Finance Buy to Let conveyancing panel work on a no sale no fee basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
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 digested plenty of mortgage guides,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.