The Mortgage Business Conveyancing Panel Information

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

The Mortgage Business Conveyancing Panel: Recently Asked Questions

Will the fact that my firm subscribes to LENDERmonitor Alerts assist in my application to join the The Mortgage Business solicitor panel?
The criteria to join the The Mortgage Business conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.

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Who do building societies allow to be on their Conveyancing Panels?
In the same way that there is a unique The Mortgage Business 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.
My PI renewal application this year contained the following question: ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the UK Finance Lenders’ Handbook?’ My firm is on the majority of lender panels including the The Mortgage Business conveyancing panel. We have Terms and Conditions of appointment which we have to follow. Am I supposed to mention these Terms ?
The concern here is if you are expect to enter into ‘more onerous’ conditions that than the Handbook obligations. You have to try and take an objective view as to whether the Terms relating to the The Mortgage Business 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.
I seldom receive a copy of a lender valuation any more. Does the extent of my The Mortgage Business conveyancing panel obligations extend to checking the valuation details where I am acting on a purchase with The Mortgage Business as the lender?
There are various requirements are to followed if you wish to comply with your lender client’s instructions as set out in the UK Finance Lenders’ Handbook. (a) You must take reasonable steps to verify that there are no discrepancies between the description of the property as valued and the title and other documents which a reasonably competent conveyancer should obtain, and, if there are, you must tell The Mortgage Business immediately. (II) You should take reasonable steps to verify that the assumptions stated by the valuer about the title (for example, its tenure, easements, boundaries and restrictions on its use) in the valuation and as stated in The Mortgage Business’s mortgage offer are correct. If they are not, please let The Mortgage Business know as soon as possible as it will be necessary for The Mortgage Business to check with the valuer whether the valuation needs to be revised. The Mortgage Business conveyancing panel solicitors are not expected to assume the role of valuer. The Mortgage Business are simply trying to ensure that the valuer has valued the property based on correct information. (III) The Mortgage Business recommend that you should advise the borrower that there may be defects in the property which are not revealed by the inspection carried out by their valuer and there may be omissions or inaccuracies in the report which do not matter to them as a lender but which would matter to the borrower. The Mortgage Business recommend that, if we send a copy of a valuation report that The Mortgage Business have obtained, you should also advise the borrower that the borrower should not rely on the report in deciding whether to proceed with the purchase and that he obtains his own more detailed report on the condition and value of the property, based on a fuller inspection such as a homebuyers survey or comprehensive survey. If you do not receive a copy of the valuation you can always ask for a copy of one from The Mortgage Business or the borrower. You still need to comply with the UK Finance Lenders’ Handbook Requirement relating to valuation reports even if you don't receive one directly. Failure to comply not only runs the risk of facing a claim by the lender but also being removed from the The Mortgage Business conveyancing panel
We are a 3-partner firm on the The Mortgage Business conveyancing panel. Do you have ideas as to how we can market our firm as carrying out conveyancing in Hendon who can act for the borrower and The Mortgage Business?
11 people attempt to locate a property lawyer on the The Mortgage Business panel every 4 weeks in Hendon. Please contact the team at lenderpanel.com to see how your firm can be found by those searching for conveyancing in Hendon.
Lockton’s PI Insurance renewal form enquires if my practice had been excluded from any lender panels in the last year. I just discovered that the practice is no longer on the The Mortgage Business solicitor panel? Is this likely to effect my insurance?
Your insurance brokers are your best port of call to address this question. 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 The Mortgage Business solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.
My firm is listed on the The Mortgage Business conveyancing panel and due to complete a purchase shortly. My file does not contain a Mortgage Deed for the client to sign. Who do I contact at The Mortgage Business to get a duplicate Deed?
You would be advised to communicate with The Mortgage Business to obtain standard documents. The CML Handbook contains a specific section for lenders to establish who to contact to obtain standard documents. The Mortgage Business in their Part 2’s state:
Please remember to disclose your The Mortgage Business conveyancing panel reference.

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Average number of days to register title including a charge in favour of The Mortgage Business
This information relates to purchase only and not remortgages.
YearDays*
2024 [no data]
2023 [no data]
2022 [no data]
2021 [no data]
2020 [no data]
2019 [no data]
* Data aggregated from sources including COMPLETIONmonitor