The Mortgage Works Conveyancing Panel Recently Asked Questions
from members of the public
I need to swap lawyers as my lawyer is not on the The Mortgage Works panel of conveyancing solicitors. Is it advisable to appoint a new law firm?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
Expecting to move into my new home next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for The Mortgage Works. What risks do The Mortgage Works expect the insurance to cover?
All property lawyers on the The Mortgage Works 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 The Mortgage Works’s Part 2 requirements of the CML Handbook (last updated on The Mortgage Works). Being on the The Mortgage Works conveyancing panel your lawyer is expect to follow these instructions.
Your search tool is useful but there are many lawyers listed near Newcastle on the The Mortgage Works conveyancing panel. Can you recommend a specific firm on the The Mortgage Works approved panel?
We are not in the business of recommending one firm above another 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. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
My house is up for sale and I have a buyer. Does my solicitor have to be on the The Mortgage Works conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the The Mortgage Works conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I am buying a property where the roof has a solar panel. Solicitors conducting should look into this right? Will my lender The Mortgage Works be concerned
Given that you are obtaining a mortgage with The Mortgage Works your lawyer must to check the The Mortgage Works conveyancing instructions contained in the Part of CML Handbook for The Mortgage Works . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to The Mortgage Works 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.
I have agreed a price on a apartment I spoke to a solicitor recommended by my dad and he advised instructing a law firm approved by The Mortgage Works. The estate agent recommended two local firms so I asked The Mortgage Works if the 2 suggested solicitors are approved, which they are not. The Mortgage Works pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of The Mortgage Works 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask The Mortgage Works to suggest a law firm in your location. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the The Mortgage Works 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 The Mortgage Works conveyancing panel as it may only take about 2-3 weeks. As long as they meet The Mortgage Works’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.
Planning on purchasing a house with a mortgage with The Mortgage Works. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the The Mortgage Works conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the The Mortgage Works conveyancing panel