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approved by Precise Mtgs
Ready to buy a new home? Failing to check that a lawyer is on the Precise Mtgs list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Precise Mortgages (Charter Court Financial Services Ltd) Conveyancing Panel
Precise Mortgages Conveyancing Panel : Questions and Answers
My IFA has asked me for my law firm’s panel member for the Precise Mortgages conveyancing panel. How do I discover this. I have called my local Precise Mortgages office but they have not responded to me.
You are best placed to get this information from your conveyancing lawyer. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Precise Mortgages.
Our nephew is purchasing a new build apartment with a home loan from Precise Mortgages. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Precise Mortgages conveyancing panel as a standard part of the process, and to the valuer when requested.
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 Precise Mortgages conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Precise Mortgages conveyancing panel. My lawyer has said that they are on the Precise Mortgages approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Precise Mortgages conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Precise Mortgages solicitor panel.
We're in Liverpool, FTBs buying with a mortgage (lender is Precise Mortgages , but our lawyer is on the Precise Mortgages conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Precise Mortgages conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
I have paid off my mortgage with Precise Mortgages. I assume I don't need a solicitor on the Precise Mortgages panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Precise Mortgages 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 Precise Mortgages mortgage from the register. Precise Mortgages,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 Precise Mortgages has sent the Land Registry the discharge electronically, and
the Precise Mortgages has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Precise Mortgages mortgage has been paid off.
My offer was accepted on a property on the 17th March 2014, valuation was booked 4 days later, received a clean bill of health. Property lawyer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Precise Mortgages and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Precise Mortgages conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Precise Mortgages to deal with your lawyers application to be on the Precise Mortgages conveyancing panel. There's no guarantee that your solicitors will be accepted.
Precise Mortgages 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 Precise Mortgages or your broker and complete any relevant paperwork. Precise Mortgages will tell you what documents they want. Precise Mortgages 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. Precise Mortgages 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.