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approved by JPMorgan

JPMorgan and other banks tend to imposes restrictions either the type or the number of conveyancing firms on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that JPMorgan have no responsibility for the quality of advice provided by any member of JPMorgan Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, Conveyancing is not their speciality? To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime; probably not.

All property lawyers on the JPMorgan conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in JPMorgan’s Part 2 requirements of the CML Handbook (last updated on JPMorgan). Being on the JPMorgan conveyancing panel your lawyer is expect to follow these requirements.

Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for JPMorgan . We don’t recommend any particular firm.

This is as unusual as it is unlucky. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local JPMorgan branch or your mortgage broker to see if they can assist.

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 JPMorgan conveyancing panel requirements are different to JPMorgan’s conveyancing panel criteria.

If you have finished paying off your JPMorgan mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the JPMorgan mortgage from the register. JPMorgan,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the JPMorgan has sent the Land Registry the discharge electronically, and the JPMorgan has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your JPMorgan mortgage has been paid off.

It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with JPMorgan you will need to appoint a solicitor on the JPMorgan conveyancing panel.