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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.
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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
Frequently asked questions relating to the Investec Solicitor Panel
For what reasons could a firm of solicitors 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 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 Investec
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Investec will not agree to this. Why was Investec even consulted?
Your lawyer being on the Investec conveyancing panel is duty bound to inform Investec of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Investec then they would have to discontinue acting for you and Investec.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Investec conveyancing panel. My lawyer has said that they are on the Investec approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Investec conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Investec solicitor panel.
What happens if my solicitor is suspended from the Investec Conveyancing panel before the moving date as agreed at exchange of contracts?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Is it the case that all solicitors on the Investec conveyancing panel overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Investec conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Hi, thinking about buying a house off my mate. Assuming we can agree a figure, what’s the best way to move forward? I hope to get a mortgage with Investec. Is it possible to avoid using solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Investec involved you will need to appoint a solicitor on the Investec conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Investec. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Investec conveyancing panel.
We have agreed a price on a house I spoke to a conveyancer recommended by my uncle and he advised retaining a property lawyers approved by Investec. The estate agent recommended two local firms so I asked Investec if the 2 suggested solicitors are approved, which they are not. Investec pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Investec 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Investec for conveyancing panel firms in your area. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Investec conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Investec conveyancing panel as it may only take about 2-3 weeks. As long as they meet Investec’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
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