Molo Finance Buy to Let Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and professional indemnity insures. COMPLETIONmonitor is a unique risk mitigation tool.

This system optimises the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on Molo Finance Buy to Let’s changes. While using COMPLETIONmonitor is not a condition for being on the Molo Finance Buy to Let panel, demonstrating you can stay 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, safeguard your firm’s panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces compliance and CQS reports, and will improve 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

Lenders often 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 103 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 26.5 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.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
1.11a 22/10/2018 CML
General Mortgage Instructions
Contact details at Molo Finance Buy to Let Mortgages for conveyancing panel lawyers to obtain mortgage documentation
16.4.2 22/10/2018 CML
Tenancy Agreements
Does Molo Finance Buy to Let Mortgages need to be sent a copy of the proposed tenancy?
16.5.2 22/10/2018 CML
Deed of Variation
Contact details at Molo Finance Buy to Let Mortgages for approved lawyers for confirming proposed deed of variation or agreement will not adversely affect Molo Finance Buy to Let Mortgages
16.5.3a 22/10/2018 CML
Deed of Variation
Molo Finance Buy to Let Mortgages requirements for conveyancing panel lawyers as to whether Molo Finance Buy to Let Mortgages need to be sent a Deed of Variation
16.5.3b 22/10/2018 CML
Deed of Rectification
Where do solicitors and conveyancers send the deed of rectification in relation to Molo Finance Buy to Let Mortgages mortgages ?
16.5.3d 22/10/2018 CML
Option Agreements
Contact details at Molo Finance Buy to Let Mortgages for approved lawyers to send option agreements .
5.5.3a 22/10/2018 CML
Planning Permission and Building Regulations : Breaches
Contact details at Molo Finance Buy to Let Mortgages for conveyancing panel lawyers where there evidence of breach and all outstanding conditions will not be satisfied by completion
Lack of Planning Permission Indemnity Insurance
5.7.1a 22/10/2018 CML
Flying Freeholds
Molo Finance Buy to Let Mortgages approved lawyers clarification as to whether they lend on flying freeholds
Flying Freehold Indemnity Insurance
5.7.1b 22/10/2018 CML
Freehold Flats
Molo Finance Buy to Let Mortgages panel lawyers clarification as to whether they lend on freehold flats
Flying Freehold Indemnity Insurance
5.8.5 22/10/2018 CML
Leasehold Conveyancing : Freehold Reversion
Molo Finance Buy to Let Mortgages approved lawyers clarification as to whether they accept security which comprises one of two leasehold flats in a building where the borrower also owns the freehold reversion of the other flat and the other leaseholder owns the freehold reversion in the borrower's flat? If so, are there any specific requirements??

Last update 11/01/2019

Molo Finance Buy to Let Solicitor Panel Sample Enquires to our Call Center from members of the public

My financial adviser has informed me that I have to pay Molo Finance Buy to Let fees if I use my own solicitor. How efficient are the Molo Finance Buy to Let conveyancing panel solicitors? I dont care which law firm I use as long as they're good and not exorbitantly priced. Would you recommend a specific law firm on the Molo Finance Buy to Let panel?
Molo Finance Buy to Let’s conveyancing panel is substantial so it would be advisable to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Molo Finance Buy to Let will allow to act for them.
Expecting to complete my purchase next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for Molo Finance Buy to Let. What risks do Molo Finance Buy to Let expect the insurance to cover?
Any lawyer on the Molo Finance Buy to Let conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Molo Finance Buy to Let’s Part 2 requirements of the CML Handbook (last updated on Molo Finance Buy to Let). Being on the Molo Finance Buy to Let conveyancing panel your lawyer is expect to follow these requirements.
Your search tool is useful but there are many lawyers listed near Hackney on the Molo Finance Buy to Let conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Molo Finance Buy to Let ?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
The firm that just started acting on my house acquisition in London has without warning closed. I chose them because I had to have a lawyer on the Molo Finance Buy to Let conveyancing panel and my previous lawyer was not. I paid them £200 on account. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Molo Finance Buy to Let conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Molo Finance Buy to Let conveyancing panel?
A selection of lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
My brother and I have agreed a price on a house I spoke to a conveyancer previously used by my mum and he advised retaining a law firm 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 suggested that either practice 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.
Ask Molo Finance Buy to Let for conveyancing panel firms in your area. 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.
After shopping around on the internet I have found a solicitor having made sure 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 it is considered advisable to 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 correct?
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.