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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.
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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 Solicitor Panel
Much to my surprise I have been told by my broker that my the law firm I have appointed is not on the LendInvest Solicitor panel. How can I be sure that this is correct?
The best course of action for you to take is to contact your lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the the approved LendInvest solicitor panel.
My wife and I changing mortgage lender for our apartment with LendInvest. We have a son 18 who lives with us. The solicitor on the LendInvest conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is repossessed. I have two questions (1) Is this form unique to the LendInvest conveyancing panel as he did not need to sign this form when we purchased 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your LendInvest conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to LendInvest .This is solely used to protect the LendInvest if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of LendInvest had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
Whilst your website is a good idea there are many lawyers listed near Middlesbrough on the LendInvest conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the LendInvest approved panel?
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. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
My lawyers in Birmingham have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with LendInvest. Is it case that being on the LendInvest conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the LendInvest Conveyancing Panel Terms. It might be worth you contacting LendInvest directly.
When it comes to mortgage companies such as LendInvest do solicitors 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.
We expect to receive a DIP from LendInvest this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (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 find our own lawyer
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.
At last I have had an offer on an apartment accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with LendInvest?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the LendInvest conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with LendInvest and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
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Transfer of Equity for LendInvestPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors