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approved by Investec
Ready to buy a new home? Failing to check that a lawyer is on the Investec 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 Investec Bank plc Conveyancing Panel? How can my firm be reinstated onto the Investec Bank plc Conveyancing Panel?
Find an Approved Solicitor on the Investec Bank plc Conveyancing Panel
Examples of recent questions relating to the Investec Solicitor Panel
We are buying a 1 bedroom apartment in London with a mortgage from Investec. We like our solicitor but Investec says she’s not on their "panel". We have to appoint one of the Investec panel firms or keep our solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Investec conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Investec
My solicitor has discovered a difference when comparing the information in Investec’s valuation report and what is revealed within the legal papers for the property. My solicitor says that as he is on the Investec conveyancing panel he is obliged to check that the lender is happy with this discrepancy and is content go ahead. Is my lawyer’s approach legitimate?
A precondition to being on the Investec approved panel is to comply with the CML Handbook requirements (last updated for this lender on Investec) 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 both parties.
I am planning to acquire a house and require a conveyancing solicitor in London who is on the Investec approved. Could you point me in the right direction as regards a solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Investec . We don’t recommend any particular firm.
I was supposed to move into my first house last Thursday. My solicitor is on the Investec solicitors panel but has moved offices 8 weeks ago and had not informed Investec of their new address. Investec is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Investec branch or your mortgage broker to see if they can help.
How can we tell if a solicitor on the Investec panel is any good?
Getting recommendations is a good 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 recommend that you speak with the lawyer conducting your transaction
I currently have a mortgage with with Investec. Conveyancing was finalised months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Investec?
Your original mortgage agreement with Investec will provide that you need their approval in advance of letting out your property as this is likely to be a breach of Investec’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Investec directly. You need not do this via a Investec conveyancing panel solicitor.
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 booked. My conveyancing solicitor has been instructed. What should be my next step? When should I get the mortgage app going with Investec?
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 Investec 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 Investec and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.