Find a Law Firm
approved by perenna
Ready to buy a new home? Failing to check that a lawyer is on the perenna list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Perenna Conveyancing Panel
Perenna Conveyancing Panel : Questions and Answers
We are purchasing a 2 bedroom flat in Newcastle with a mortgage from Perenna. We would like to retain our lawyer but Perenna says he's not on their "panel". It seems we have little choice but to instruct one of the Perenna panel solicitors or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Perenna use our lawyer?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Perenna conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Perenna
My grandson is in the process of securing a newly built flat with a mortgage from Perenna. His solicitor has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form 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 Perenna conveyancing panel as a standard part of the process, and to the surveyor when asked.
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 Perenna conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I see that you have a search directory listing law firms on the Perenna conveyancing panel. Do firms pay you a commission if I retain them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Perenna conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am buying a new build flat and getting a mortgage with Perenna. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Perenna 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 Perenna conveyancing panel in your location.
I have today made my last payment due on mortgage with Perenna. I assume I don't need a solicitor on the Perenna panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Perenna mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Perenna mortgage from the register. Perenna,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Perenna has sent the Land Registry the discharge electronically, and
the Perenna has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Perenna mortgage has been paid off.
I was told four weeks ago that my mortgage has been agreed
to by Perenna. Is it usual for Perenna to only issue the offer once my
solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Perenna to deal with your lawyers application to be on the Perenna conveyancing panel. There's no guarantee that your solicitors will be accepted.
Perenna 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 Perenna or your broker and complete any relevant paperwork. Perenna will tell you what documents they want. Perenna 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. Perenna 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.