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approved by Hampden
Ready to buy a new home? Failing to check that a lawyer is on the Hampden 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 Hampden & Co plc Conveyancing Panel? How can my firm be reinstated onto the Hampden & Co plc Conveyancing Panel?
Find an Approved Solicitor on the Hampden & Co plc Conveyancing Panel
Q and A’s regarding the Hampden Conveyancing Panel
For what reasons could a firm of solicitors be excluded from the Hampden solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been excluded from a lender panel. The top 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 Hampden
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Hampden will not agree to this. Why was Hampden even consulted?
Your lawyer being on the Hampden conveyancing panel is duty bound to inform Hampden of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Hampden then they would have to discontinue acting for you and Hampden.
Are there any apps to help search for a local solicitor on the Hampden conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the solicitor.
You can use the find a conveyancing panel tool on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Hampden solicitor panel.
What happens if my solicitor is removed from the Hampden Solicitor panel in advance of the completion date?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Last month we had a mortgage agreed in principle with Hampden. Solicitors have been appointed? What is the average time that one could expect to receive a mortgage offer from Hampden?
Some lenders take longer than others. Have Hampden conducted the valuation? Have you advised Hampden as your lawyers details and checked that your lawyer is on the Hampden conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
My fiance and I are in the throws of viewing houses and am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I will be getting a mortgage with Hampden
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Hampden , make sure you remember to check that your lawyer is on the Hampden conveyancing panel.
I have a mortgage with Hampden. Conveyancing was finalised months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Hampden?
Your original mortgage agreement with Hampden will provide that you need their approval before renting your property as this is likely to be a breach of Hampden’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Hampden directly. You need not do this via a Hampden conveyancing panel lawyer.