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approved by Intelligent Finance
Ready to buy a new home? Failing to check that a lawyer is on the Intelligent Finance list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Intelligent Finance Conveyancing Panel? How can my firm be reinstated onto the Intelligent Finance Conveyancing Panel?Find an Approved Solicitor on the Intelligent Finance Conveyancing Panel
FAQs for the Intelligent Finance Conveyancing Panel
My financial adviser has informed me that I have to pay Intelligent Finance fees if I use my own solicitor. How good are the Intelligent Finance conveyancing panel solicitors? I dont care which law firm I use as long as they're good and reasonably priced. Are there any Intelligent Finance conveyancers you'd recommend?
Intelligent Finance’s conveyancing panel is substantial so it would be advisable to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Intelligent Finance will allow to act for them.
Our solicitor has uncovered a legal deficiency with the lease for the flat we are purchasing. The seller’s lawyers have put forward title insurance as a solution. We are content with insurance and will cover the costs. Our lawyer says that as he is on the Intelligent Finance conveyancing panel he must check that the lender is happy with this solution. Are we the client or is Intelligent Finance?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Intelligent Finance are the client. A precondition to being on the Intelligent Finance approved panel is to comply with the CML Handbook requirements (last updated for this lender on Intelligent Finance). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Intelligent Finance can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . 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.
I require the services of a Intelligent Finance panel solicitor in Belfast. Can you assist?
Unfortunately it’s not apparent why you need a Intelligent Finance panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Intelligent Finance to find out which solicitors in Intelligent Finance 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 conveyancers in Newcastle have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with Intelligent Finance. Is it case that being on the Intelligent Finance conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender 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 Intelligent Finance Conveyancing Panel Terms. It might be worth you contacting Intelligent Finance directly.
Can I be sure that the solicitor on the Intelligent Finance panel is any good?
obtaining recommendations is a sensible starting point. 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 suggest that you speak with the solicitor conducting your transaction
Do most banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Intelligent Finance conveyancing panel requirements are different to Intelligent Finance’s conveyancing panel criteria.
My offer on house has been accepted, the seller does however have a dependent purchase. 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 should be my next step? When should I get the mortgage app going with Intelligent Finance?
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 Intelligent Finance 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 Intelligent Finance and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
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