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approved by Paratus AMC
Ready to buy a new home? Failing to check that a lawyer is on the Paratus AMC list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?Is my firm on the Paratus AMC Ltd Conveyancing Panel? How does my firm apply to be on the Paratus AMC Ltd Conveyancing Panel? How can my firm be reinstated onto the Paratus AMC Ltd Conveyancing Panel?
Find an Approved Solicitor on the Paratus AMC Ltd Conveyancing Panel
FAQs : The Paratus AMC Solicitor Panel
I have just been informed by my mortgage adviser that my property lawyer is not on the Paratus AMC Solicitor panel. What can I do to be sure that this is correct?
The first thing you need to do is to contact your lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they may recommend you to a firm that is on the the approved Paratus AMC solicitor panel.
My conveyancer has spotted a discrepancy when comparing the assumptions in Paratus AMC’s home valuation report and what is revealed within the legal papers for the property. My solicitor says that as he is on the Paratus AMC conveyancing panel he is obliged to ensure that the lender is with this discrepancy and is content go ahead. Is my solicitor’s approach correct?
A precondition to being on the Paratus AMC approved panel is to comply with the CML Handbook requirements (last updated for this lender on Paratus AMC) 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.
I am purchasing a property and need a conveyancing solicitor in Birmingham who is on the Paratus AMC conveyancing. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Paratus AMC . We don’t recommend any particular firm.
I am purchasing a terraced house and getting a mortgage with Paratus AMC. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Paratus AMC conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Paratus AMC conveyancing panel in your location.
How can we tell if a solicitor on the Paratus AMC panel is any good?
seeking recommendations is a good starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor carrying out your transaction
I have a mortgage with Paratus AMC. My father has just retired and wants to pay off my mortgage. After Paratus AMC is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Paratus AMC conveyancing panel? I do not intend to live at the property once the Paratus AMC mortgage is discharged.
You will need a solicitor but they need not be on the Paratus AMC conveyancing panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. As the property is your main residence you need not pay CGT but you should speak with your accountants in any event.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have telephoned Paratus AMC on various occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Paratus AMC conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the Paratus AMC panel she or he must comply with the CML Handbook requirements for Paratus AMC. Unless your lawyer obtains specific confirmation in writing that Paratus AMC will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Paratus AMC to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.