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approved by Platform HL

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

Find an Approved Solicitor on the Platform Home Loans Ltd Conveyancing Panel

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For what reasons would a law firm be removed from the Platform Home Loans approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been removed from a lender panel. The most common reasons in order are :
  1. lack of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by Platform Home Loans
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Platform Home Loans will not agree to this. Why was Platform Home Loans even consulted?
Your lawyer being on the Platform Home Loans conveyancing panel is duty bound to inform Platform Home Loans of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Platform Home Loans then they would have to discontinue acting for you and Platform Home Loans.
Do I have to have a meeting at the offices of the Platform Home Loans conveyancing panel solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Manchester so that I can attend 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 Manchester .
My uncle passed away 10 months ago and as sole heir and executor was left the house. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Platform Home Loans , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Platform Home Loans will insist on your using a conveyancer on the Platform Home Loans conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Platform Home Loans conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Platform Home Loans mortgage is registered as a charge at the Land Registry.
Are all Conveyancing Quality Solicitors on the Platform Home Loans conveyancing panel?
It is true that some banks and building societies now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however gives 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.
I previously instructed online conveyancers based in Bristol who are on the Platform Home Loans solicitor panel. They have just invoiced me a separate fee of £195 for dealing with the Platform Home Loans mortgage. Is this a supplemental conveyancing fee set by Platform Home Loans?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Platform Home Loans but by your lawyers. Some firms on the Platform Home Loans will charge an ‘acting for lender’ fee and others do not.
Platform Home Loans 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 Platform Home Loans or your broker and complete any relevant paperwork. Platform Home Loans will tell you what documents they want. Platform Home Loans 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. Platform Home Loans 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.