Mortgage Express (No 2) Conveyancing Panel Information

During 2013, 21 sections of the UK Finance Lenders’ Handbook P2 were changed by Mortgage Express (No 2). Some changes are more important than others but as a firm on the Mortgage Express (No 2) conveyancing panel you are of course obliged to comply with individual lender requirements, as set out in Part II of the UK Finance Lenders’ Handbook. Locktons have recently pointed out in an article that non-compliance with Part 2 requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.

Remember: CML requirements are not guidelines; they are the lender client’s instructions.

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 Mortgage Express (No 2) conveyancing panel to see if you are entitled to a reason.

9 people attempt to locate a solicitor on the Mortgage Express (No 2) panel every 4 weeks in Hendon. The lenderpanel directory service team who will show you how your firm can be found by those searching for conveyancing in Hendon.

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 Mortgage Express (No 2) solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You need to communicate with Mortgage Express (No 2) to obtain standard documents. The CML Handbook has an individual inquiry for lenders to cite who to contact to obtain standard documents. Mortgage Express (No 2) in their Part 2’s state: Don’t forget to quote the firm’s Mortgage Express (No 2) solicitors panel reference.