Find an Approved Solicitor on the Platform Home Loans Ltd
Q and A’s regarding the Platform Home Loans Conveyancing Panel
I am hoping to receive a offer of a mortgage from Platform Home Loans. my intention is to retain the legal services of a Licensed Conveyancer. Does the Platform Home Loans Conveyancing panel exclude conveyancers regulated by the CLC
Platform Home Loans’s approved solicitor list is, like many other lenders represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am purchasing a newly built flat and my conveyancer is advising me that she has to reveal incentives from the seller as her firm is on the Platform Home Loans conveyancing panel. I am under pressure to exchange contracts and I have no desire to delay deal. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Platform Home Loans approved panel is to comply with the CML Handbook requirements (last updated for this lender on Platform Home Loans). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do all mortgage companies provide you with an approved list of solicitors? How do you know who is on the Platform Home Loans conveyancing panel?
The firms themselves provide us confirmation that they are on the Platform Home Loans conveyancing panel as opposed to being supplied with a list from Platform Home Loans directly.
I am considering applying for a Platform Home Loans mortgage for purchase of a new build (under development) with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Platform Home Loans?
In theory, you could use a solicitor that is not on Platform Home Loans conveyancing panel, but Platform Home Loans 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.
Do conveyancing solicitors on the Platform Home Loans conveyancing panel work on a no move no charge basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
How can we tell if a solicitor on the Platform Home Loans 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 lawyer carrying out your transaction
We are are remortgaging a garden flat in Hendon. Conveyancing solicitors in Hendon will soon beretained. My agentadvised that we double-check that the conveyancing practitioner in Hendon is on the Platform Home Loans list of approved conveyancing firms. Is this really necessary?
It is not that case that all Hendon conveyancing firms are on the Platform Home Loans conveyancing panel. Use the above search tool to find a Hendon conveyancing firm
on the on the Platform Home Loans approved list of lawyers.
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