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approved by Capital Home Loans
Ready to buy a new home? Failing to check that a lawyer is on the Capital Home Loans 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 Capital Home Loans Conveyancing Panel? How can my firm be reinstated onto the Capital Home Loans Conveyancing Panel?Find an Approved Solicitor on the Capital Home Loans Conveyancing Panel
Capital Home Loans Conveyancing Panel : Questions and Answers
My financial adviser has says he needs my law firm’s panel reference for the Capital Home Loans conveyancing panel. Can you suggest how I find this out. I have e-mailed my local Capital Home Loans branch but they have not responded to me.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Capital Home Loans.
My lawyer has identified a difference when comparing the surveyor’s assumptions in Capital Home Loans’s home valuation survey and what is in the title deeds. My solicitor says that as he is on the Capital Home Loans conveyancing panel he needs to ensure that the lender is with this discrepancy and is still content to lend. Is my solicitor’s approach appropriate?
A precondition to being on the Capital Home Loans approved panel is to comply with the CML Handbook requirements (last updated for this lender on Capital Home Loans) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Do all mortgage companies provide you with an approved list of solicitors? How do you know who is on the Capital Home Loans conveyancing panel?
The law firm practices themselves provide us confirmation that they are on the Capital Home Loans conveyancing panel as opposed to being supplied with a list from Capital Home Loans directly.
I am considering applying for a Capital Home Loans mortgage for purchase of a newly converted (under development) with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Capital Home Loans?
In theory, you could use a solicitor that is not on Capital Home Loans conveyancing panel, but Capital Home Loans would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Is it the case that all conveyancing solicitors on the Capital Home Loans conveyancing panel work on a no move no charge basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
I have paid off my mortgage with Capital Home Loans. I assume I don't need a solicitor on the Capital Home Loans panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Capital Home Loans 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 Capital Home Loans mortgage from the register. Capital Home Loans,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 Capital Home Loans has sent the Land Registry the discharge electronically, and
the Capital Home Loans has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Capital Home Loans mortgage has been paid off.
I recently had an offer accepted on an apartment. My financial adviser pressured me to appoint their lawyers I paid an upfront payment of 200. Soon after the conveyancers contacted me to say that they were not on the Capital Home Loans conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Capital Home Loans panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
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Transfer of Equity for Capital Home LoansPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors