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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?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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Hodge Equity Release Conveyancing Panel : Questions and Answers
I appointed a firm of solicitors to work on my remortgage 4 weeks ago having applied for a mortgage with Hodge Equity Release. The law firm confirmed to me that they are on Hodge Equity Release conveyancing panel and advised me their panel number. Hodge Equity Release then called me to say that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor currently on the conveyancing panel for Hodge Equity Release?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Hodge Equity Release conveyancing panel You may wish to enlist the help of your broker to check with the Hodge Equity Release as to the time frame to get your lawyer reinstated on the panel once again.
Please assist. My lawyer is not to blame but, my purchase conveyancing has been going on for months. The Local Authority Search from Hodge Equity Release was date stamped random date and we have agreed a date for me to move into the property on 6 months + 3. My lawyer says that as she is on the Hodge Equity Release conveyancing panel she needs to reorder the searches as they are now out of date.
One of the many conditions to being on the Hodge Equity Release approved panel is to comply with the CML Handbook requirements (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 require the services of 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
My uncle passed away 10 months ago and as sole heir and executor was left the house. The house had a relatively small loan remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Hodge Equity Release , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Hodge Equity Release will insist on your using a conveyancer on the Hodge Equity Release conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Hodge Equity Release conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Hodge Equity Release mortgage is registered as a charge at the Land Registry.
We have a mortgage agreed in principle with Hodge Equity Release. Solicitors have been instructed? How long does it take for Hodge Equity Release to send the offer to our conveyancer
There is no definitive answer here. Have Hodge Equity Release conducted the survey? Have you advised Hodge Equity Release as your lawyers details and checked that your lawyer is on the Hodge Equity Release conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
I am buying a property where the roof has a solar panel. Hodge Equity Release have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Hodge Equity Release your lawyer must to check the Hodge Equity Release conveyancing instructions contained in the Part of CML Handbook for Hodge Equity Release . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Hodge Equity Release where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
Planning on purchasing a flat with a mortgage with Hodge Equity Release. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Hodge Equity Release conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Hodge Equity Release conveyancing panel
Other TopicsTransfer of Equity for Hodge Equity Release
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