Q and A’s regarding the The Mortgage Lender Solicitor Panel
from members of the public
I appointed a firm of solicitors to carry out on my remortgage 5 weeks ago having applied for a mortgage with The Mortgage Lender. The solicitors confirmed to me that they are on The Mortgage Lender conveyancing panel and provided me their panel number. The Mortgage Lender then ,via my broker advised that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor currently on the conveyancing panel for The Mortgage Lender?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the The Mortgage Lender conveyancing panel You may wish to enlist the help of your broker to check with the The Mortgage Lender as to how long they think it will take to get the firm to get back on the panel.
can you help? My lawyer is advising me that he is legally obliged to order a Local Authority search as the firm are on the The Mortgage Lender conveyancing panel. The searches cost a lot of money. Can this be avoided?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with The Mortgage Lender 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 The Mortgage Lender’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated The Mortgage Lender. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Is it necessary during the course of the conveyancing process to visit the offices of the The Mortgage Lender conveyancing panel solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Leeds
so that I can attend their offices if required.
Most conveyancing panel lawyers for The Mortgage Lender undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
I am remortgaging my flat does my lawyer need to be on the The Mortgage Lender Conveyancing panel?
In theory, you could use a solicitor that is not on The Mortgage Lender conveyancing panel, but The Mortgage Lender would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the The Mortgage Lender conveyancing panel requirements are different to The Mortgage Lender’s conveyancing panel criteria.
Completion of my purchase has taken place with a mortgage from The Mortgage Lender. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about The Mortgage Lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the The Mortgage Lender branches or the Customer Care Team at The Mortgage Lender head office. Ordinarily complaints to The Mortgage Lender are sorted out effectively and efficiently. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I am selling my house. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, The Mortgage Lender are being problematic. The solicitor who is on the The Mortgage Lender conveyancing panel is recommending indemnity insurance as a solution but The Mortgage Lender are requiring a building regulation certificate. Why do The Mortgage Lender have a conveyancing panel of they don’t accept advice from them?
It is probably the case that The Mortgage Lender have referred the matter to their valuer. The reason why The Mortgage Lender 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.