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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.
Find an Approved Solicitor on the LendInvest Conveyancing Panel
Examples of recent questions relating to the LendInvest Conveyancing Panel
I was advised recently by my lender that my the law firm I have appointed is not on the LendInvest Solicitor panel. What can I do to be certain that this is indeed the case?
The first thing you need to do is to contact your conveyancer. 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 conveyancing panel for LendInvest.
Please help. My solicitor is informing me me that he is legally obliged to apply for a Local Authority search stemming from the fact that the firm are on the LendInvest conveyancing panel. Is this really necessary?
You have limited options available to you. Given that you are taking out a loan with LendInvest your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of LendInvest’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated LendInvest. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I note that you have a search directory listing law firms on the LendInvest conveyancing panel. Do firms pay you a commission if I instruct them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the LendInvest conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am selling my house. Does my solicitor have to be on the LendInvest conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the LendInvest conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I had instructed online solicitors located in Cardiff who are on the LendInvest solicitor panel. They have just invoiced me a separate fee of £135 for dealing with the LendInvest mortgage. Is this a supplemental conveyancing fee specified by LendInvest?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by LendInvest but by your lawyers. Some firms on the LendInvest will charge an ‘acting for lender’ fee and others do not.
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.
I am selling my apartment. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, LendInvest are being pedantic. The solicitor who is on the LendInvest conveyancing panel is happy to accept ‘lack of building regulation’ insurance but LendInvest are requiring a building regulation certificate. Why do LendInvest have a conveyancing panel of they don’t accept advice from them?
It is probably the case that LendInvest have referred the matter to their valuer. The reason why LendInvest may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.