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Ready to buy a new home? Failing to check that a lawyer is on the Rely list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Rely Mortgages Conveyancing Panel? How can my firm be reinstated onto the Rely Mortgages Conveyancing Panel?Find an Approved Solicitor on the Rely Mortgages Conveyancing Panel
Common questions asked concerning the Rely Mortgages Conveyancing Panel
For what reasons would a law firm be removed from the Rely Mortgages solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been excluded from a lender panel. The most common reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Rely Mortgages
We are approaching an exchange and my parents having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Rely Mortgages. Apparently, being on the Rely Mortgages conveyancing panel and acting on their behalf he must inform Rely Mortgages if the balance of the mortgage advance is not just from me. I advised the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for him to raise this?
Your lawyer is obliged to check with Rely Mortgages to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Rely Mortgages if you agree, failing which, your lawyer must cease to continue acting.
Whilst your website is a good idea there are many lawyers listed near Coventry on the Rely Mortgages conveyancing panel. Can you recommend a specific firm on the conveyancing panel for Rely Mortgages ?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
My grandmother passed away 10 months ago and as sole heir and executor was left the property. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Rely Mortgages , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Rely Mortgages will insist on your using a conveyancer on the Rely Mortgages 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 Rely Mortgages 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 Rely Mortgages mortgage is registered as a charge at the Land Registry.
Is there a list of Rely Mortgages panel conveyancers on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
At last I have had an offer on an apartment accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What do I do now? When should I get the mortgage app going with Rely Mortgages?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Rely Mortgages conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Rely Mortgages and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
My husband and I are buying a flat in Hendon. Conveyancing solicitors in Hendon will soon beinstructed. My colleaguerecommended that we check that the property lawyer in Hendon is on the Rely Mortgages solicitors panel. Is this right?
Far from all Hendon conveyancing practices are on the Rely Mortgages conveyancing panel. Click here to find a Hendon conveyancing solicitor on the on the Rely Mortgages panel.
Other Topics
Transfer of Equity for Rely MortgagesPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors