Molo Finance Buy to Let Conveyancing Panel Information

You might expect Molo Finance Buy to Let via their Part Two requirements to address this but the Handbook makes no mention on deadlines to send deeds. You need to look at the Terms of Molo Finance Buy to Let’s Conveyancing Panel Appointment that you previously signed. For a number of banks these Terms contain a clause along the following lines: ‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is important to keep Molo Finance Buy to Let updated. Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.

For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the Molo Finance Buy to Let conveyancing panel to see if you are entitled to a reason.

With lenders and conveyancing firms working so closely with one another it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the Molo Finance Buy to Let conveyancing panel but for all mortgage panels

In this situation please explain on the form what action you have taken to discover 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 cessation of your panel membership did you receive any letters or calls from the lender putting you on notice?

You need to get in touch with Molo Finance Buy to Let to obtain standard documents. The The Council of Mortgage Lenders Handbook includes a specific inquiry for banks to enumerate who to contact to obtain standard documents. Molo Finance Buy to Let in their Part 2’s state: You will need to disclose the firm’s Molo Finance Buy to Let solicitors panel reference.