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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?
Find an Approved Solicitor on the Hodge Equity Release Conveyancing Panel
Frequently asked questions relating to the Hodge Equity Release Solicitor Panel
On what basis would a firm of solicitors be excluded from the Hodge Equity Release approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been excluded from a lender panel. The most common reasons in order are :
- lack 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 Hodge Equity Release
My conveyancer has discovered an inconsistency between the information in Hodge Equity Release’s valuation report and what is revealed within the title deeds. My solicitor says that as he is on the Hodge Equity Release conveyancing panel he must ensure that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action correct?
A precondition 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 do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Are there any apps to help search for a local solicitor on the Hodge Equity Release conveyancing panel? I have a car and am prepared to travel up to 10 kilometers to meet the conveyancer.
You can use the find a conveyancing panel search 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 Hodge Equity Release solicitor panel.
I am attempting to get my ex-wife 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
Is it the case that all conveyancing solicitors on the Hodge Equity Release conveyancing panel overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Hodge Equity Release conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I had instructed online solicitors located in Birmingham who are on the Hodge Equity Release solicitor panel. They are now charging me a separate fee of £135 for dealing with the Hodge Equity Release mortgage. Is this a supplemental conveyancing fee set by Hodge Equity Release?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Hodge Equity Release but by your lawyers. Some firms on the Hodge Equity Release will charge an ‘acting for lender’ fee and others do not.
My offer on house has been accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with Hodge Equity Release?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Hodge Equity Release conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Hodge Equity Release and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.