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approved by Intelligent Finance
Ready to buy a new home? Failing to check that a lawyer is on the Intelligent Finance list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Intelligent Finance Conveyancing Panel? How can my firm be reinstated onto the Intelligent Finance Conveyancing Panel?Find an Approved Solicitor on the Intelligent Finance Conveyancing Panel
Intelligent Finance Solicitor Panel Recently Asked Questions
On what basis could a law firm be removed from the Intelligent Finance approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been removed from a lender panel. The most common reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Intelligent Finance
Our lawyer has discovered a legal deficiency with the lease for the flat we are buying. The other side have suggested title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer says that as he is on the Intelligent Finance conveyancing panel he must ensure that the lender is happy with this solution. Are we the client or is Intelligent Finance?
Just because you have a mortgage offer from Intelligent Finance does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Intelligent Finance are the client. The appropriate lender requirements must be adhered to by the Intelligent Finance conveyancing panel who has to balance acting for you and Intelligent Finance
I have been looking for conveyancing quotes online. Can I be assured that all the law firms that are identified on your website are on the Intelligent Finance conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the Intelligent Finance panel and agreed to advise us to take down their listing in the event of removal off of the Intelligent Finance panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Intelligent Finance conveyancing panel is not accurate.
My uncle passed away 10 months ago and as sole heir and executor was left the property. The house had a small mortgage left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Intelligent Finance , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Intelligent Finance will insist on your using a conveyancer on the Intelligent Finance conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Intelligent Finance conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Intelligent Finance mortgage is registered as a charge at the Land Registry.
Intelligent Finance have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Intelligent Finance or your broker and complete any relevant paperwork. Intelligent Finance will tell you what documents they want. Intelligent Finance will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Intelligent Finance will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
My offer on house has been accepted, the seller does however have a dependent purchase. 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 do I do now? When should I get the mortgage app going with Intelligent Finance?
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 Intelligent Finance 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 Intelligent Finance and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
My husband and I are taking a long lease of a penthouse in Hendon. Conveyancing solicitors in Hendon are about to beretained. My friendrecommended that we check that the conveyancer in Hendon is on the Intelligent Finance approved list of lawyers. Is this really necessary?
Far from all Hendon conveyancing practices are on the Intelligent Finance conveyancing panel. 7 people a month use our search tool to search for a Hendon conveyancing solicitor on the on the Intelligent Finance panel.
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Transfer of Equity for Intelligent FinancePlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors