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approved by LiveMoreCapital

Ready to buy a new home? Failing to check that a lawyer is on the LiveMoreCapital list of approved solicitors can put your transaction at risk of delay or failure.

Find an Approved Solicitor on the LiveMore Capital Conveyancing Panel

FAQs : The LiveMore Conveyancing Panel

My husband and I are FTBs. Within the last couple of days our lawyer has forwarded the sale agreement to sign with a detailed report in anticipation of exchanging contracts shortly. LiveMore have this afternoon contacted us to inform me that there is now an issue as our lawyer is not on their conveyancing panel. Please explain?
When purchasing a property with the benefit of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.

In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyers should contact LiveMore and see if they can apply for membership of the LiveMore conveyancing panel, but if that is not viable LiveMore will instruct their own lawyers to represent them. You don't have to instruct a firm on the LiveMore conveyancing panel as you are at liberty to use your preferred lawyers, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.

Our solicitor has discovered a legal deficiency with the lease for the apartment we are buying. The seller’s lawyers have suggested title insurance as a solution. We are content with insurance and will cover the costs. Our lawyer says that as he is on the LiveMore conveyancing panel he must ensure that the lender is happy with this solution. Are we the client or is LiveMore?
Just because you have a mortgage offer from LiveMore does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and LiveMore are the client. The appropriate lender requirements have to be complied with by the LiveMore conveyancing panel who has to balance acting for you and LiveMore
Your search tool is useful but there are many lawyers listed near Chelsea on the LiveMore conveyancing panel. Can you recommend a specific firm on the LiveMore approved panel?
We are not in the business of recommending one firm above another 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..
The lawyers that I appointed last week on my house acquisition in Manchester has without warning shut down. They were on acting for me because I had to have a solicitor on the LiveMore conveyancing panel and my previous lawyer was not. I paid them £200 on account. What should be my next steps?
If you have an estate agent involved then inform them immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the LiveMore conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help
Is there a list of LiveMore panel solicitors on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
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 LiveMore conveyancing panel requirements are different to LiveMore’s conveyancing panel requirements.
We expect to receive a DIP from LiveMore this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the LiveMore recommend a solicitor on the LiveMore 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 LiveMore conveyancing panel. The solicitor represents both you and the LiveMore through the process.