Find an Approved Solicitor on the ITL Mortgages
Examples of recent questions relating to the ITL Mortgages Conveyancing Panel
My financial adviser has informed me that I have to pay ITL Mortgages fees if I use my own solicitor. How efficient are the ITL Mortgages conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH provided that they are good and reasonably priced. Would you recommend a specific law firm on the ITL Mortgages panel?
ITL Mortgages’s conveyancing panel is substantial so it would be advisable to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that ITL Mortgages will allow to act for them.
Our grandson is in the process of securing a house that has just been built with a mortgage from ITL Mortgages. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the ITL Mortgages conveyancing panel as a standard part of the process, and to the surveyor when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the ITL Mortgages conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What tools are available to find a local solicitor on the ITL Mortgages conveyancing panel? I have a car and am prepared to travel up to 10 miles to meet the conveyancer.
You can use the find a conveyancing panel search on this website. 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 ITL Mortgages solicitor panel.
What happens if my lawyer’s firm is suspended from the ITL Mortgages Solicitor panel in advance of the moving date as agreed at exchange of contracts?
First, this is very unlikely to happen. 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.
Do the majority of 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 ITL Mortgages conveyancing panel requirements are different to ITL Mortgages’s conveyancing panel criteria.
We have a mortgage agreed in principle with ITL Mortgages. Solicitors have been instructed? How long does it take for ITL Mortgages to send the offer to our conveyancer
Some lenders take longer than others. Have ITL Mortgages done the valuation? Have you advised ITL Mortgages as your lawyers details and checked that your lawyer is on the ITL Mortgages conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
My fiance and I are in the throws of viewing apartments and am about to put in an offer. Should I already have a conveyancer appointed at this stage? I intend to finance via a mortgage with ITL Mortgages
You should start obtaining conveyancing quotes from solicitors ASAP. 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 ITL Mortgages , make sure you remember to check that your lawyer is on the ITL Mortgages conveyancing panel.