Find an Approved Solicitor on the Hodge Equity Release
Hodge Equity Release Conveyancing Panel Example Support Desk Enquires
I am hoping to receive a mortgage with Hodge Equity Release. I would like to instruct a Licensed Conveyancer. Does the Hodge Equity Release Conveyancing panel include Licensed Conveyancers
Hodge Equity Release’s conveyancing panel is, like many other lenders represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
My husband and I are refinancing our flat with Hodge Equity Release. We have a son approaching twenty who lives with us. The solicitor on the Hodge Equity Release conveyancing panel has asked us to disclose any adults 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 apartment is repossessed. I have two concerns (1) Is this form unique to the Hodge Equity Release conveyancing panel as he did not need to sign this form when we bought 4 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 Hodge Equity Release 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 Hodge Equity Release .This is solely used to protect the Hodge Equity Release 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 Hodge Equity Release 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.
Do I have to attend the offices of the Hodge Equity Release conveyancing panel solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Liverpool
so that I can pop in to their offices if required.
Whereas this was necessary 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Liverpool
My conveyancers in Leeds have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with Hodge Equity Release. Is it case that being on the Hodge Equity Release conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Hodge Equity Release Conveyancing Panel Terms. It might be worth you contacting Hodge Equity Release directly.
My ex -wife’s name is on the Hodge Equity Release mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Hodge Equity Release mortgage in order to sell?
As regards the Hodge Equity Release mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Hodge Equity Release in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.
Hodge Equity Release 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 Hodge Equity Release or your broker and complete any relevant paperwork. Hodge Equity Release will tell you what documents they want. Hodge Equity Release 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. Hodge Equity Release 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.
We are are buying a flat in Hendon. Conveyancing solicitors in Hendon are preferred to beretained. My motheradvised that we enquire that the solicitor in Hendon is on the Hodge Equity Release panel. Is this right?
Not all Hendon conveyancing practices are on the Hodge Equity Release conveyancing panel. Use the above search tool to find a Hendon conveyancing firm
on the on the Hodge Equity Release solicitors pane.