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approved by GenerationHome
Ready to buy a new home? Failing to check that a lawyer is on the GenerationHome 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 Generation Home Conveyancing Panel? How can my firm be reinstated onto the Generation Home Conveyancing Panel?
Find an Approved Solicitor on the Generation Home Conveyancing Panel
Generation Home Solicitor Panel Recently Asked Questions
My financial adviser has informed me that I have to pay Generation Home fees should I instruct my family lawyer. How good are the Generation Home conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH provided that they are good and not exorbitantly priced. Are there any Generation Home conveyancers you'd recommend?
Generation Home’s conveyancing panel is pretty large so your best bet is just 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 Generation Home will allow to act for them.
My fiance and I changing mortgage lender for our penthouse with Generation Home. We have a son approaching twenty who lives with us. The solicitor on the Generation Home conveyancing panel requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the Generation Home conveyancing panel as he never had to sign this form when we remortgaged 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Generation Home conveyancing panel solicitor is doing the right thing 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 Generation Home .This is solely used to protect the Generation Home 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 Generation Home 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.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Generation Home conveyancing panel. My lawyer has said that they are on the Generation Home approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Generation Home conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Generation Home solicitor panel.
I am selling my house. Does my solicitor have to be on the Generation Home conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Generation Home conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Is it the case that all conveyancing solicitors on the Generation Home conveyancing panel work on a no move no charge basis?
On the whole there are 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 package
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called Generation Home on various occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Generation Home conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
Your lawyer has to follow the CML Handbook Part 2 requirements for Generation Home. Unless your lawyer obtains specific confirmation in writing that Generation Home 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 Generation Home to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
Generation Home 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 Generation Home or your broker and complete any relevant paperwork. Generation Home will tell you what documents they want. Generation Home 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. Generation Home 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.
Other TopicsTransfer of Equity for Generation Home
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