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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
LendInvest Conveyancing Panel Example Support Desk Enquires
I am obtaining a mortgage with LendInvest. I hope to employ the services of a Licensed Conveyancer. Does the LendInvest Solicitor panel exclude Licensed Conveyancers
LendInvest’s approved solicitor list is, like many other lenders associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
My conveyancer has discovered an inconsistency when comparing the assumptions in LendInvest’s home valuation report and what is revealed within the title deeds. My solicitor has advised that as he is on the LendInvest conveyancing panel he is duty bound to ensure that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s approach correct?
A precondition to being on the LendInvest approved panel is to comply with the CML Handbook requirements (last updated for this lender on LendInvest) 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.
How do I find a local solicitor on the LendInvest conveyancing panel? I have a car and am prepared to travel up to 10 kilometers to meet the conveyancer.
Feel free to make use of the find a conveyancing panel search on this page. 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 LendInvest solicitor panel.
My grandmother passed away six months ago and as sole heir and executor was left the property. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to LendInvest , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then LendInvest will insist on your using a conveyancer on the LendInvest conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your LendInvest conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the LendInvest mortgage is registered as a charge at the Land Registry.
When it comes to mortgage companies such as LendInvest do lawyers have to be pay a fee to be on the conveyancing panel?
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.
Is it the case that all conveyancing solicitors on the LendInvest conveyancing panel work on a no move no charge basis?
On the whole there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
We were going to get a DIP from LendInvest this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the LendInvest recommend a solicitor on the LendInvest conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the LendInvest conveyancing panel. The solicitor represents both you and the LendInvest through the process.