Find a Law Firm
approved by Investec
Ready to buy a new home? Failing to check that a lawyer is on the Investec list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the Investec Bank plc Conveyancing Panel? How can my firm be reinstated onto the Investec Bank plc Conveyancing Panel?Find an Approved Solicitor on the Investec Bank plc Conveyancing Panel
Investec Conveyancing Panel : Questions and Answers
My financial adviser has informed me that I have to pay Investec fees if I use my own solicitor. How good are the Investec conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH provided that they are good and reasonably priced. Would you recommend a specific law firm on the Investec panel?
Investec’s conveyancing panel is substantial so it would be advisable to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that Investec will allow to act for them.
Much to my surprise my solicitor has informed me that he requires ID documents asserting that this forms part of his requirements as a conveyancer on the Investec Conveyancing panel. Can you confirm whether this is the case?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that Investec also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Investec CML Handbook requirements last updated on Investec
I require the services of a Investec panel solicitor in Inverness. Could you help me?
Unfortunately it’s not apparent why you need a Investec panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Investec to find out which solicitors in Investec are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
I am in the process of refinancing my house does my lawyer need to be on the Investec Solicitor panel?
There is nothing to stop you using your solicitor but Investec will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Do the majority of banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Investec conveyancing panel requirements are different to Investec’s conveyancing panel criteria.
I am about to exchange contracts on a purchase with a mortgage from Investec. The report from my solicitor mentions that Investec could withdraw their offer before completion. Is this right?
Lenders such as Investec can revoke their mortgage offer although this rarely happens. If Investec withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are a number of examples:
- Amendments if purchase price adjusted and the loan to value limits exceeded by this. Please note that Investec conveyancing panel solicitors would be obliged to notify Investec of a change in the price of the property.
- Where the lender has to take account a recent change in taxation
- Where the sale is not at arms length for value to unconnected persons
- Where the lender is on notice of a restriction or a right of pre-emption which is not at market value
- If the solicitor on the Investec conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Investec ‘s instructions
My offer on house has been accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What should be my next step? At what point should I appy for the mortgage with Investec?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Investec conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Investec and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
Other Topics
Transfer of Equity for InvestecPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors