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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.
Looking for information about your firm's panel status?Is my firm on the Hodge Equity Release Conveyancing Panel? How does my firm apply to be on the Hodge Equity Release Conveyancing Panel? How can my firm be reinstated onto the Hodge Equity Release Conveyancing Panel?
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Common questions asked concerning the Hodge Equity Release Conveyancing Panel
Is the fact that my conveyancer is not on the Hodge Equity Release Solicitor panel that there is a problem with the quality of the firm’s conveyancing?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Hodge Equity Release.
Please help. My solicitor is informing me me that he has to order a Local Authority search as the firm are on the Hodge Equity Release conveyancing panel. Is this really necessary?
You have limited options available to you. As you are taking a mortgage with Hodge Equity Release your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Hodge Equity Release’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Hodge Equity Release. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I need to find a Hodge Equity Release panel solicitor in Belfast. Could you help me?
Unfortunately it’s not apparent why you need a Hodge Equity Release panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Hodge Equity Release to find out which solicitors in Hodge Equity Release are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am trying to get my former partner taken off the mortgage deeds. Can Hodge Equity Release really insist on which solicitor I can or can not instruct?
You can use any solicitor you like but Hodge Equity Release 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 Hodge Equity Release solicitors panel
We have had an offer accepted on a apartment I spoke to a conveyancer previously used by my brother and he advised using a law firm 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 pointed out that either practice 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.
Enquire of Hodge Equity Release for conveyancing panel firms in your area. 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.
For 5 years I had a mortgage with Hodge Equity Release. My father retired last week and wants to pay off my mortgage. After Hodge Equity Release is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Hodge Equity Release conveyancing panel? I do not intend to live at the property once the Hodge Equity Release mortgage is discharged.
You will need a solicitor but they need not be on the Hodge Equity Release conveyancing panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. There's no capital gains tax for you as it is your main residence.
I was told three weeks ago that my mortgage has been agreed to by Hodge Equity Release. Is it usual for Hodge Equity Release to only issue the offer once my solicitor is approved on their conveyancing panel?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Hodge Equity Release to deal with your lawyers application to be on the Hodge Equity Release conveyancing panel. There's no guarantee that your solicitors will be accepted.