Q and A’s regarding the Molo Finance Buy to Let Solicitor Panel from members of the public
It has come to my attention via my lender that my solicitor is not on the Molo Finance Buy to Let Conveyancing panel. What can I do to check?
You need to contact your lawyer directly. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they may recommend you to a firm that is on the conveyancing panel for Molo Finance Buy to Let.
My solicitor is asking me for identification documents asserting that this forms part of his retainer as a conveyancer on the Molo Finance Buy to Let Conveyancing panel. Can this be correct?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Molo Finance Buy to Let your lawyer also has to check ID documents to satisfy Molo Finance Buy to Let
I need to find a Molo Finance Buy to Let panel solicitor in Belfast. Can you assist?
It is not clear 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
My aunt passed away 10 months ago and as sole heir and executor was left the property. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Molo Finance Buy to Let , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Molo Finance Buy to Let will insist on your using a conveyancer on the Molo Finance Buy to Let conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Molo Finance Buy to Let conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Molo Finance Buy to Let mortgage is registered as a charge at the Land Registry.
After much negotiation I have agreed a price on a house. My mortgage broker suggested a solicitor I paid an upfront payment of 225. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Molo Finance Buy to Let conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Molo Finance Buy to Let panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am due to exchange contracts on my flat. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Molo Finance Buy to Let are being problematic. The solicitor who is on the Molo Finance Buy to Let conveyancing panel is saying indemnity insurance will be fine but Molo Finance Buy to Let are insisting on a building regulation certificate. Why do Molo Finance Buy to Let have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Molo Finance Buy to Let have referred the matter to their valuer. The reason why Molo Finance Buy to Let may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
My ex -wife’s name is on the Molo Finance Buy to Let mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Molo Finance Buy to Let mortgage in order to sell?
As regards the Molo Finance Buy to Let mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Molo Finance Buy to Let in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.