Looking for information about your firm's panel status?
ModaMortgages Solicitor Panel: Recently Asked Questions
ModaMortgages wants me to represent them alone on a residential conveyancing transaction , using the CML Lender’s Handbook. The borrower has his own solicitor (not on the
ModaMortgages conveyancing panel) How does this work and are there different requirements from ModaMortgages in this circumstance?
The CML, together with
ModaMortgages and other stakeholders created a standard set of instructions where a solicitor is acting for a lender such as ModaMortgages alone in a residential conveyancing matter.
These obligations are contained at Part 3 of the UK Finance Lenders’ Handbook and are to be read together with Parts 1 & 2.
The CML have published an example requirements letter to the borrower’s lawyer for adaptation by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel conveyancer.
Can you give me an example of some of the reports available via COMPLETIONmonitor to support my appeal to be reinstated on the ModaMortgages solicitor panel?
There are many reports available, five of which are as follows:
- Current and historic missed priority dates
- Analysis as to the nature of clients (e.g.existing/new/seen in person)
- Average time frame to send deeds to the lender (calculated from completion date or title registration)
- Average time frame to register charges at the Land Registry
- Number of conveyancing cases by lender
I recently attended a seminar arranged via my PI broker where it was mentioned that solicitors are being sued for non-compliance with CML PII obligations . I am on the
ModaMortgages conveyancing panel can you tell me how Part 2 changes took place by
ModaMortgages during 2013?
During 2013, 0 sections of the UK Finance Lenders’ Handbook P2 were changed by
ModaMortgages. Some changes are more important than others but as a firm on the
ModaMortgages 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.
Every so often I read a LENDERmonitor alert but I seldom see significant changes. By way of illustration, Fortunately my practice on the
ModaMortgages conveyancing panel and get an alerts only advising of a change of address. Why is that of any relevance?
It is important that you take note of such changes because sending a communication or deeds to the wrong address can cause delays that might not only affect your borrower client but also impact your chances of staying on the
ModaMortgages conveyancing panel. Is possible next month that ModaMortgages change their requirements as to where their panel firm send the deeds.
Do you update the details in your CMS? Do you make a note? Is this communicated to the staff? In your Certificate of Title to ModaMortgages you are giving assurances that you will forward the relevant documents within 10 days of receiving the Title Information Document. Putting to one side the academic question as to whether you are in breach of an undertaking in sending it to the wrong address, you run the risk of
ModaMortgages suspending you off the panel because they are not receiving the deeds in accordance with the COT. It will not be a valid excuse to say that you sent it to an address that is no longer valid.
Were are a Hendon-based firm on the ModaMortgages conveyancing panel. How can we advertise our firm as specialists in conveyancing in Hendon on the ModaMortgages panel?
15 people attempt to locate a solicitor on the ModaMortgages panel each month in Hendon. The lenderpanel directory service team who will show you how your firm can be found by those searching for conveyancing in Hendon.
JLT’s PII renewal form questions if my firm had been removed off any bank panels in the last year.
I recently found out that the firm is no longer on the
ModaMortgages conveyancing panel? Is this likely to impact 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 ModaMortgages solicitor panel
membership. Please remember that it is always important that you
complete your insurance forms accurately.
My firm is listed on the
ModaMortgages
conveyancing panel and due to complete a purchase within the next few weeks. My papers do not include a Legal Charge for the client to execute.
Who do I contact at ModaMortgages to obtain duplicate documents?
You should get in touch with ModaMortgages
to obtain standard documents. The CML Handbook contains an express question for banks to establish who to contact to obtain standard documents.
ModaMortgages in their Part 2’s state:
Don’t forget to disclose the firm’s ModaMortgages solicitors panel reference.
Find a Lawyer on the ModaMortgages Conveyancing Panel
powered by LenderPanel
Average number of days to register title including a charge in favour of ModaMortgages
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited ModaMortgages Firms
- Draft Report on Title precedent for ModaMortgages borrowers
- Draft Anti Money Laundering PolicyTemplate for ModaMortgages panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the ModaMortgages lender panel
- Buy-to-Let help for ModaMortgages
- Consent-to-Let help for ModaMortgages
- Contractor Mortgages with ModaMortgages
