Find an Approved Solicitor on the LiveMore Capital
FAQs for the LiveMore Solicitor Panel
I would like to know the reason why all solicitors aren't included on the LiveMore Solicitor panel?
As unjust as it may seem for LiveMore to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern LiveMore are limiting their conveyancing panel to a size that they are happy to control. The LiveMore lawyer panel is not the most restricted
My grandson is buying a new build apartment with a home loan from LiveMore. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the LiveMore conveyancing panel as a standard part of the process, and to the surveyor when requested.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the LiveMore conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the LiveMore conveyancing panel solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Leeds
so that I can attend their offices if required.
Whereas this was necessary ten years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Leeds
We're in London, First timers buying with a mortgage (lender is LiveMore , but our solicitor is on the LiveMore conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the LiveMore conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
We were going to get a DIP from LiveMore 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 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.
The mortgage over my property is with LiveMore. Conveyancing has been completed a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform LiveMore?
You must advise LiveMore in advance of letting out your property as this is likely to be a breach of LiveMore’s mortgage conditions. It may be that LiveMore will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact LiveMore directly. It should not be necessary to do this via a LiveMore conveyancing panel lawyer.
I have instructed a lawyer having checked that they are on the LiveMore conveyancing panel. Does my lawyer arrange the survey of the property?
I've read lots of house buying,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the LiveMore conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
LiveMore will need an independent valuation of the property. Your lawyer will not arrange this. Usually LiveMore will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey.
You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with LiveMore you could contact your them to see if they have a list of approved surveyors.
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