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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
Investec Solicitor Panel Example Support Desk Enquires
On what basis would a law firm be removed from the Investec solicitor 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 top 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 Investec
My solicitor has spotted an inconsistency when comparing the assumptions in Investec’s home valuation report and what is revealed within the conveyancing documents. My solicitor informs me that as he is on the Investec conveyancing panel he is duty bound to ensure that the lender is with this discrepancy and is content go ahead. Is my solicitor’s stance appropriate?
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 property and require a conveyancing solicitor in Newcastle who is on the Investec approved. Could you point me in the right direction as regards a conveyancing firm?
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 expecting to complete on my dream home two days ago. My lawyer’s firm is on the Investec conveyancing panel but has changed address 8 weeks ago and had not advised Investec of their new address. Investec has locked down the release of mortgage funds as the information from the solicitors isn't correct.
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 assist.
When it comes to mortgage companies such as Investec do lawyers have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Can I be sure that the solicitor on the Investec panel is any good?
Getting recommendations is a good 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 advise that you speak with the lawyer carrying out your transaction
My husband and I are at the point of viewing houses and am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I intend to finance via a mortgage with Investec
It would be sensible to have your start your search soon rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Investec , make sure you remember to check that your lawyer is on the Investec conveyancing panel.