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approved by LendInvest
Ready to buy a new home? Failing to check that a lawyer is on the LendInvest 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 LendInvest Conveyancing Panel? How can my firm be reinstated onto the LendInvest Conveyancing Panel?
Find an Approved Solicitor on the LendInvest Conveyancing Panel
Frequently asked questions relating to the LendInvest Conveyancing Panel
The conveyancer I wanted to use for conveyancing on a purchase said she would charge more if my lender is due to their unusual legal requirements. Am I likely to be frustrated using LendInvest? Any comments will be appreciated
LendInvest conveyancing requirements for their panel are no better or no more complicated than most lenders. It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender. It is not clear if your lawyer is on the LendInvest conveyancing panel. If they are not, this does add further risk of delay as LendInvest will appoint their own solicitors to look after their interest.
I am purchasing a new build duplex and my lawyer is informing me that she is duty bound to reveal incentives from the builder as her practice is on the LendInvest conveyancing panel. I am nearing the developer’s deadline to exchange contracts and I would rather not prolong matters. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the LendInvest approved panel is to comply with the CML Handbook requirements (last updated for this lender on LendInvest). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Whilst your website is a good idea there are many lawyers listed near Newcastle on the LendInvest conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for LendInvest ?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I was supposed to move into my flat last Friday. My lawyer’s firm is on the LendInvest conveyancing panel but has changed address in the past couple of months and had not advised LendInvest of their new address. LendInvest is now refusing to release my funds as the information from the solicitors isn't correct.
This is a rare situation indeed. Most 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 LendInvest branch or your mortgage broker to see if they can help.
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 LendInvest conveyancing panel requirements are different to LendInvest’s conveyancing panel criteria.
I have today made my last payment due on mortgage with LendInvest. I assume I don't need a solicitor on the LendInvest panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your LendInvest mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the LendInvest mortgage from the register. LendInvest,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the LendInvest has sent the Land Registry the discharge electronically, and the LendInvest has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your LendInvest mortgage has been paid off.
I am currently in the process of buying my council flat. I have a mortgage offer with LendInvest. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with LendInvest you will need to appoint a solicitor on the LendInvest conveyancing panel.