Mortgage Agency Services Conveyancing Panel Example Support Desk Enquires
from members of the public
It has come to my attention via my IFA that my property lawyer is not on the Mortgage Agency Services Solicitor panel. What can I do to be certain that this is indeed the case?
You need to contact your lawyer directly. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for Mortgage Agency Services.
I do hope you can help me. My lawyer is informing me me that she is duty-bound to order a Local Authority search as the firm are on the Mortgage Agency Services conveyancing panel. Is my lawyer correct?
You have limited options available to you. Given that you are taking out a loan with Mortgage Agency Services 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 Mortgage Agency Services’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Mortgage Agency Services. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Do lenders provide you with an approved list of solicitors? How do you know who is on the Mortgage Agency Services conveyancing panel?
The law firm practices themselves provide us confirmation that they are on the Mortgage Agency Services conveyancing panel as opposed to being supplied with a list from Mortgage Agency Services directly.
I would like to get my former partner taken off the mortgage deeds. Can Mortgage Agency Services really tell me which solicitor I can or can not instruct?
You can use any solicitor you like but Mortgage Agency Services 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 Mortgage Agency Services solicitors panel
Do conveyancing lawyers on the Mortgage Agency Services conveyancing panel work on a no move no charge 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
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Mortgage Agency Services be concerned
As you are obtaining a mortgage with Mortgage Agency Services your lawyer must to check the Mortgage Agency Services conveyancing instructions contained in the Part of CML Handbook for Mortgage Agency Services . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Mortgage Agency Services where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
The mortgage over my property is with Mortgage Agency Services. Conveyancing has been completed 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Mortgage Agency Services?
Your original mortgage agreement with Mortgage Agency Services will provide that you need their approval before letting out your property as this is likely to be a breach of Mortgage Agency Services’s mortgage conditions. It may be that Mortgage Agency Services will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Mortgage Agency Services directly. It should not be necessary to do this via a Mortgage Agency Services conveyancing panel solicitor.