Find an Approved Solicitor on the Rooftop Mortgages Ltd
Q and A’s regarding the Rooftop Mortgages Solicitor Panel
I am obtaining a mortgage with Rooftop Mortgages. I would like to retain the legal services of a Licensed Conveyancer. Does the Rooftop Mortgages Solicitor panel exclude conveyancers regulated by the CLC
Rooftop Mortgages’s approved solicitor list is, like many other lenders associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Our son-in-law is buying a house that has just been built with a mortgage from Rooftop Mortgages. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document 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 Rooftop Mortgages conveyancing panel as a standard part of the process, and to the valuer 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 Rooftop Mortgages conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I have been looking for conveyancing quotes online. Can I be assured that all the practices that are listed on your site are on the Rooftop Mortgages conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the Rooftop Mortgages panel and agreed to advise us to take down their listing in the event of removal off of the Rooftop Mortgages panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Rooftop Mortgages conveyancing panel is not accurate.
I was scheduled to complete on my dream home two days ago. My solicitor is on the Rooftop Mortgages solicitors panel but has moved offices 8 weeks ago and had not advised Rooftop Mortgages of their new address. Rooftop Mortgages has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Rooftop Mortgages branch or your mortgage broker to see if they can help.
Do most lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Rooftop Mortgages conveyancing panel requirements are different to Rooftop Mortgages’s conveyancing panel requirements.
My fiance and I are in the process of viewing flats and am about to put in an offer. Is it premature to have a solicitor in place? I intend to finance via a mortgage with Rooftop Mortgages
It would be sensible to have your start your search soon rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Rooftop Mortgages , ask your prospective lawyers check they are on the Rooftop Mortgages conveyancing panel otherwise they can't do the mortgage legal work.
After shopping around on the internet I have found a solicitor having checked that they are on the Rooftop Mortgages conveyancing panel. Does my lawyer arrange the survey of the property?
Having digested plenty of mortgage guides,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the Rooftop Mortgages conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Rooftop Mortgages will need an independent valuation of the property. Your lawyer will not arrange this. Usually Rooftop Mortgages will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey.
You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Rooftop Mortgages you could contact your them to see if they have a list of approved surveyors.