Molo Finance Buy to Let Conveyancing Lender Panel Compliance Tool

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

This software is the only way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on Molo Finance Buy to Let’s changes. Notwithstanding that utilising 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 panel application and, more importantly, protect your firm’s panel standing.

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, results in 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, over time:

A Timeline of Policy Changes


Since 2008, Molo Finance Buy to Let has made 136 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 20.1 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,

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Molo Finance Buy to Let Conveyancing Panel Recently Asked Questions from members of the public

I am progressing with the sale of my maisonette and the estate agent has just called to say that the buyers are changing their law firm. The reason given is that Molo Finance Buy to Let will only deal with solicitors on their conveyancing panel. Why would a big named lender only engage with certain lawyers?
Mortgage companies have always had an approved set of law firms they are willing to work with, but in the past few years big names such as Lloyds Banking Group, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 15 years.

Lenders point to the increase in fraud by way of justification for the cull – criteria have been tightened and a smaller panel should be easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels, or have other concerns about them. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyer’s case. Your purchasers are unlikely to have any sway in the decision.

We are getting closer to an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Molo Finance Buy to Let. Apparently, being on the Molo Finance Buy to Let conveyancing panel and acting on their behalf he must inform Molo Finance Buy to Let if the balance of the mortgage advance is coming from anyone other than me. I advised the bank about my parent’s contribution when I applied for the home loan so is it really necessary for him to raise this?
Your lawyer is obliged to check with Molo Finance Buy to Let to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Molo Finance Buy to Let if you agree, failing which, your lawyer must cease to continue acting.
I am buying a house and need a conveyancing solicitor in Leeds who is on the Molo Finance Buy to Let conveyancing. Could you point me in the right direction as regards a solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Molo Finance Buy to Let . We don’t recommend any particular firm.
I am attempting to get my ex-wife taken off the mortgage deeds. Can Molo Finance Buy to Let really tell me which solicitor I can or can not use?
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
Can I register a complaint to Molo Finance Buy to Let about the lawyers being on the Molo Finance Buy to Let conveyancing panel?
There is little point in complaining directly to Molo Finance Buy to Let. Every solicitor firm and conveyancer must have a complaints procedure. Usually one can find this information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.

The Legal Ombudsman will make sure that your complaint is properly dealt with by the solicitor. It can also advise you how to complain.

If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.

After much negotiation I have agreed a price on an apartment. My financial adviser recommended their conveyancers 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.
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?
In terms of 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.