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The Mortgage Lender Solicitor Panel: Recently Asked Questions
Are the CML planning on creating a online directory search tool with a view
to to identify solicitors on the
The Mortgage Lender conveyancing panel?
We are not aware of any intention on the part of the CML to develop such a search facility.
Are the Council of Licensed Conveyancers taking any action to protect licensed conveyancers from being removed from lender panels?
As is the case with the Law Society the Council of Licensed Conveyancers has initiated discussions with banks and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than via ad hoc arrangements that can differ from lender to lender. We expect that that the CLC have been in touch with lenders such as
The Mortgage Lender in recent years.
Do I risk of removal off the
The Mortgage Lender conveyancing panel if I have not sent the deeds on a purchase within a certain period of completion?
One might ordinarily expect
The Mortgage Lender via their Part Two conditions to address this but the Handbook is silent on deadlines to send deeds. You need to look at the Terms of
The Mortgage Lender’s Conveyancing Panel Appointment that you previously signed. For a number of banks these Terms include 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
The Mortgage Lender updated.
Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.
As the nominated COLP for my firm are there regulatory implications that I should be considering if my firm is removed off the
The Mortgage Lender conveyancing panel?
What you should do largely depends on the reason that your firm has been removed off the The Mortgage Lender
conveyancing panel. The top 3 reasons are as
follows:
- lack of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction.
my firm’s membership of the
The Mortgage Lender conveyancing panel was suspended but was reinstated on appeal, do I need to include this information on my CQS application?
We would recommend that you provide details of the date of removal, information on the reason for
removal, date of appeal and any reason given for reinstatement. This
should not adversely impact your firm’s application but gives the Law Society viability as to what has happened.
Our practice is on the
The Mortgage Lender
conveyancing panel and due to complete a purchase within the next week. I can not locate a Mortgage Deed for the client to execute.
Who do I contact at The Mortgage Lender to obtain duplicate documents?
You should communicate with The Mortgage Lender
to obtain standard documents. The CML Handbook includes an individual section for banks to cite who to contact to obtain standard documents.
The Mortgage Lender in their Part 2’s state:
Please remember to quote the firm’s The Mortgage Lender solicitors panel reference.
Find a Lawyer on the The Mortgage Lender Conveyancing Panel
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Average number of days to register title including a charge in favour of The Mortgage Lender
This information relates to purchase only and not remortgages.
Year | Days* |
---|---|
2024 | [no data] |
2023 | [no data] |
2022 | [no data] |
2021 | [no data] |
2020 | [no data] |
2019 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited The Mortgage Lender Firms
- Draft Report on Title precedent for The Mortgage Lender borrowers
- Draft Anti Money Laundering PolicyTemplate for The Mortgage Lender panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the The Mortgage Lender lender panel
- Buy-to-Let help for The Mortgage Lender
- Consent-to-Let help for The Mortgage Lender
- Contractor Mortgages with The Mortgage Lender