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Coutts & Co Conveyancing Panel Recently Asked Questions
My IFA has asked me for my law firm’s panel member for the Coutts & Co conveyancing panel. How do I obtain this. I have called my local Coutts & Co branch but they have not got back to me yet.
the sensible thing to do is ask for this information from your solicitor. 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 Coutts & Co.
My partner and I are refinancing our flat with Coutts & Co. We have a son approaching twenty who lives with us. The solicitor on the Coutts & Co conveyancing panel requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have two concerns (1) Is this form unique to the Coutts & Co conveyancing panel as he did not need to sign this form when we bought 3 years ago (2) Does our son by signing this giving up his rights to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Coutts & Co .This is solely used to protect the Coutts & Co if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Coutts & Co had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I note that you have a search directory identifying solicitors on the Coutts & Co conveyancing panel. Do firms pay you a commission if I instruct them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Coutts & Co conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am attempting to get my former partner removed the mortgage deeds. Can Coutts & Co really tell me which solicitor I can or can not instruct?
You can use any solicitor you like but Coutts & Co then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Coutts & Co solicitors panel
I am buying a property where the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Coutts & Co be concerned
As you are obtaining a mortgage with Coutts & Co your lawyer must to check the Coutts & Co conveyancing instructions contained in the Part of CML Handbook for Coutts & Co . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Coutts & Co where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to move forward? I hope to get a mortgage with Coutts & Co. Is it possible to avoid using solicitors to save on the costs? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Coutts & Co involved you will need to appoint a solicitor on the Coutts & Co conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Coutts & Co. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Coutts & Co conveyancing panel.
It is not clear whether my mortgage offer requires a lease extension . I have called Coutts & Co on various occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Coutts & Co conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the Coutts & Co panel she or he must comply with the CML Handbook requirements for Coutts & Co. Unless your lawyer obtains specific confirmation in writing that Coutts & Co will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Coutts & Co to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.