Mortgage Express Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Mortgage Express and to assist in remaining on the Mortgage Express Conveyancing Panel.

Mortgage Express Conveyancing Panel: Recently Asked Questions

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Do I risk of suspension off the Mortgage Express solicitor panel if I have not sent the TID on a purchase within a certain time frame from draw-down of funds?
One might ordinarily expect Mortgage Express via their Part Two obligations to address this but the Handbook is silent on time frames. You need to look at the Terms of Mortgage Express’s Conveyancing Panel Appointment that you previously signed. For a number of banks these Terms have a clause such as: ‘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 imperative to keep Mortgage Express updated. Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.
Can you give me an example of some of the reports available via COMPLETIONmonitor to support my application to be on the Mortgage Express conveyancing panel ?
There are many reports available, five of which are as follows:
  • Analysis as to the nature of clients (e.g.existing/new/seen in person)
  • The percentage of the firm’s business which is conveyancing (broken down into sale/purchase and remortgage)
  • Number of conveyancing cases by lender
  • Average mortgage advance
  • Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
I recently attended a seminar arranged via my PI broker where it was mentioned that solicitors are being sued for non-compliance with Part 2 requirements . I am on the Mortgage Express conveyancing panel can you tell me how Part 2 changes took place by Mortgage Express during 2013?
During 2013, 57 sections of the UK Finance Lenders’ Handbook P2 were changed by Mortgage Express. Some changes are more important than others but as a firm on the Mortgage Express 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.

When in comes to leasehold conveyancing do Mortgage Express panel solicitors have to examine whether there is an insolvent landlord?
On the basis that your practice in is on the Mortgage Express conveyancing panel and you are representing them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If Mortgage Express are to lend, they may require indemnity insurance. In any event,you will need to check Mortgage Express’s specific requirements. Notwithstanding whether Mortgage Express will lend in such circumstances you still need to advise the borrower (unless you are acting for Mortgage Express alone) as to the risks of buying a property with an insolvent or absentee freeholder.
JLT’s PI Insurance renewal form enquires if my practice had been removed off any bank panels in the last year. I just found out that the practice is no longer on the Mortgage Express conveyancing panel? Is this likely to effect my PII cover?
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 solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.
My firm is listed on the Mortgage Express conveyancing panel and all set to complete a purchase within the next week. My papers do not include a Mortgage Deed for the client to execute. Who do I contact at Mortgage Express to obtain duplicate documents?
You should get in touch with Mortgage Express to obtain standard documents. The CML Handbook contains an explicit section for banks to set out who to contact to obtain standard documents. Mortgage Express in their Part 2’s state:
Don’t forget to disclose your Mortgage Express conveyancing panel number.

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Average number of days to register title including a charge in favour of Mortgage Express
This information relates to purchase only and not remortgages.
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* Data aggregated from sources including COMPLETIONmonitor