Molo Finance Buy to Let Conveyancing Panel Information

The CML, together with Molo Finance Buy to Let and other members created a standard set of requirements where a solicitor is representing a lender such as Molo Finance Buy to Let alone in a residential conveyancing matter. These legal instructions are contained at Part Three of the UK Finance Lenders’ Handbook and are to be followed in conjunction with Part I and II. The CML have published an example requirements letter to the borrower’s conveyancing solicitor for use by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel lawyer.

Lexsure only know of a couple of lenders that operate a separate approved solicitors panel where the mortgage advance is over a certain level. You should nevertheless check directly with Molo Finance Buy to Let. At one stage HSBC would only allow Sole practitioners to act for them where the mortgage was below £150,000. We are not sure if HSBC still operate such a condition. In your case it is best to check with Molo Finance Buy to Let

In the same way that there is a unique Molo Finance Buy to Let conveyancing panel most building societies, operate a conveyancing panel for solicitors and other conveyancers that the lender will instruct. Terms and Conditions and criteria for inclusion on a building society conveyancing panel vary from lender-to-lender. Having CQS accreditation may be a requirement. Institutional lenders, such as a building society, is a client and is entitled to instruct the solicitor or conveyancer of its choosing (who, in turn, is free to accept or refuse instructions). Therefore, if lender and borrower cannot agree which solicitor or conveyancer should represent them jointly, they would usually proceed on a separate representation basis. The BSA have not published the equivalent of the UK Finance Lenders’ Handbook Part 3s.

In the circumstances please explain on the form what steps you have taken to find out the reasons behind cancellation of your Molo Finance Buy to Let panel membership. In particular please provide details if you have received communications from the lender. E.G. before revocation of your panel membership did you receive any letters or calls from the lender informing you as to why they reached this decision?

You would be advised to get in touch with Molo Finance Buy to Let to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an individual section for banks to set out who to contact to obtain standard documents. Molo Finance Buy to Let in their Part 2’s state: It helps to disclose your Molo Finance Buy to Let conveyancing panel reference.