ModaMortgages Conveyancing Panel Information

The Council of Mortgage Lenders is an association rather than a regulator and therefore will not advise on complaints against lenders. You can of course contact Lexsure to see if we can assist.

The Council of Mortgage Lenders (or the BSA) do not involve themselves in training however they do organise a number of useful conveyancing related conferences which are attended by firms on the ModaMortgages conveyancing panel. Lexsure intend to run specific lender focused seminars in the near future including a webinar on ModaMortgages’s Part 2 requirements. Law firms on the ModaMortgages conveyancing panel are welcome. Information about the webinar will be made available as part of the LENDERmonitor P2 change Notifications.

Lexsure has not been advised of any intention on the part of the CML to develop such a tool.

The key here is the caveat ‘more onerous’. You have to try and take an objective view as to whether the Terms relating to the ModaMortgages conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the UK Finance Lenders’ Handbook Conditions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before completing the answer.

The best placed professionals to answer this question are your insurance brokers. The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for ModaMortgages solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You should get in touch with ModaMortgages to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an individual question for lenders to enumerate who to contact to obtain standard documents. ModaMortgages in their Part 2’s state: Don’t forget to quote your ModaMortgages conveyancing panel reference.