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approved by The Mtg Works
Ready to buy a new home? Failing to check that a lawyer is on the The Mtg Works list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the The Mortgage Works Conveyancing Panel? How can my firm be reinstated onto the The Mortgage Works Conveyancing Panel?Find an Approved Solicitor on the The Mortgage Works Conveyancing Panel
Frequently asked questions relating to the The Mortgage Works Conveyancing Panel
Can you please explain the reason why all UK lawyers are not on the The Mortgage Works Conveyancing panel?
Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year. The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to banks and building societies purging less reputable firms off their books
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company The Mortgage Works will not agree to this. Why was The Mortgage Works even consulted?
Your lawyer being on the The Mortgage Works conveyancing panel is duty bound to inform The Mortgage Works of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to The Mortgage Works then they would have to discontinue acting for you and The Mortgage Works.
What tools are available to search for a local solicitor on the The Mortgage Works conveyancing panel? I have a car and am prepared to travel up to 20 kilometers to meet the lawyer.
You can use the find a conveyancing panel search on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the The Mortgage Works solicitor panel.
I am buying a terraced house and getting a mortgage with The Mortgage Works. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the The Mortgage Works conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the The Mortgage Works conveyancing panel in your location.
I am buying a property where the roof has a solar panel. The Mortgage Works have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As 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. Requirements for Scotland are due in the near future.
I have today made my last payment due on mortgage with The Mortgage Works. I assume I don't need a solicitor on the The Mortgage Works panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your The Mortgage Works mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the The Mortgage Works mortgage from the register. The Mortgage Works,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the The Mortgage Works has sent the Land Registry the discharge electronically, and
the The Mortgage Works has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your The Mortgage Works mortgage has been paid off.
My offer was accepted on a house on the 17th January 2014, valuation was booked 4 days later, received a clean bill of health. Solicitor retained, so all that was missing was my mortgage offer. Having made daily calls to The Mortgage Works and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the The Mortgage Works conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for The Mortgage Works to deal with your lawyers application to be on the The Mortgage Works conveyancing panel. There's no guarantee that your solicitors will be accepted.
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Transfer of Equity for The Mortgage WorksPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors