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approved by HodgeEquityRelease

Ready to buy a new home? Failing to check that a lawyer is on the HodgeEquityRelease list of approved solicitors can put your transaction at risk of delay or failure.

Find an Approved Solicitor on the Hodge Equity Release Conveyancing Panel

Frequently asked questions relating to the Hodge Equity Release Conveyancing Panel

My lawyer has never been on on the Hodge Equity Release Conveyancing Panel. Can I still continue with my family solicitor notwithstanding that they are excluded from the Hodge Equity Release panel?
The most common options here are as follows:
  1. Complete the purchase with your existing solicitors but Hodge Equity Release will need to instruct a lawyer on the Hodge Equity Release conveyancing panel. This will result in additional cost and potential delay.
  2. Get a new solicitor to act in the purchase, obviously checking they are on the Hodge Equity Release conveyancing panel.
  3. Convince your lawyer to do everything within their powers to join the Hodge Equity Release conveyancing panel
Can you help?. For no fault of my lawyer but, my purchase conveyancing has been going on for months. The Local Authority Search from Hodge Equity Release was dated random date and we have agreed a date for me to move into the property on 10 days inc Day of week eg. Mon. My solicitor says that as she is on the Hodge Equity Release conveyancing panel she needs to reorder the searches as they are no longer acceptable to the lender.
A precondition to being on the Hodge Equity Release approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Hodge Equity Release)which states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Hodge Equity Release.
I note that you have a search directory listing solicitors on the Hodge Equity Release conveyancing panel. Do firms pay you a commission if I appoint them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Hodge Equity Release conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
We're in Wales, First time buyers purchasing with a mortgage (lender is Hodge Equity Release , but our solicitor is on the Hodge Equity Release conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Hodge Equity Release conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
How can we tell if a solicitor on the Hodge Equity Release panel is any good?
Getting recommendations is a sensible start. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer handling your transaction
I have agreed a price on a house I spoke to a solicitor previously used by my brother and he suggested retaining a solicitor approved by Hodge Equity Release. The estate agent recommended two local firms so I asked Hodge Equity Release if the 2 suggested solicitors are approved, which they are not. Hodge Equity Release suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Hodge Equity Release 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Hodge Equity Release to suggest a law firm in your location. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Hodge Equity Release conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Hodge Equity Release conveyancing panel as it may only take about 2-3 weeks. As long as they meet Hodge Equity Release’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I can not work out if my mortgage offer requires a lease extension . I have telephoned Hodge Equity Release on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Hodge Equity Release 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
As long as the conveyancer is on the Hodge Equity Release panel she or he must comply with the CML Handbook requirements for Hodge Equity Release. Unless your lawyer obtains specific confirmation in writing that Hodge Equity Release 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 Hodge Equity Release to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.