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approved by PepperMoney
Ready to buy a new home? Failing to check that a lawyer is on the PepperMoney list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the Pepper Money Conveyancing Panel? How can my firm be reinstated onto the Pepper Money Conveyancing Panel?Find an Approved Solicitor on the Pepper Money Conveyancing Panel
Examples of recent questions relating to the Pepper Money Conveyancing Panel
I am getting a mortgage with Pepper Money. I would like to use a Licensed Conveyancer. Does the Pepper Money Conveyancing panel allow for Licensed Conveyancers
Pepper Money’s conveyancing panel is, like many other lenders represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My lawyer has spotted a discrepancy when comparing the assumptions in Pepper Money’s valuation survey and what is revealed within the legal papers for the property. My lawyer informs me that as he is on the Pepper Money conveyancing panel he is duty bound to ensure that the lender is with this discrepancy and is still content to lend. Is my conveyancer’s course or action right?
A precondition to being on the Pepper Money approved panel is to comply with the CML Handbook requirements (last updated for this lender on Pepper Money) 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 you.
Is it necessary during the course of the conveyancing process to visit the offices of the Pepper Money conveyancing panel solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Leeds
so that I can pop in to their offices when needed.
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
.
I am in the process of mortgaging my home does my lawyer have to be on the Pepper Money Conveyancing panel?
In theory, you could use a solicitor that is not on Pepper Money conveyancing panel, but Pepper Money would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Are all Conveyancing Quality Solicitors on the Pepper Money conveyancing panel?
Some major banks and building societies now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
Last month we had a mortgage agreed in principle with Pepper Money. Solicitors have been chosen? How long does it take for Pepper Money to send the offer to our conveyancer
Some lenders take longer than others. Have Pepper Money completed the survey? Have you advised Pepper Money as your lawyers details and checked that your lawyer is on the Pepper Money conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
Pepper Money have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Pepper Money or your broker and complete any relevant paperwork. Pepper Money will tell you what documents they want. Pepper Money will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Pepper Money will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
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