Find an Approved Solicitor on the Vida Homeloans
Q and A’s regarding the Vida Homeloans Conveyancing Panel
The lawyer my fiance and I wanted to use for conveyancing on a remortgage said she will levy higher legal fees if my lender is due to their difficult processes! Am I likely to be frustrated using Vida Homeloans? Is Vida Homeloans conveyancing so much more difficult?
Vida Homeloans conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Vida Homeloans conveyancing panel. If they are not, this does add further risk of delay as Vida Homeloans will appoint their own solicitors to look after their interest.
Our nephew is in the process of securing a new build apartment with a home loan from Vida Homeloans. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Vida Homeloans 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 Vida Homeloans conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I require the services of a Vida Homeloans panel solicitor in Stirling. Could you help me?
Unfortunately it’s not apparent why you need a Vida Homeloans panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Vida Homeloans to find out which solicitors in Vida Homeloans are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
My grandmother passed away 10 months ago and as sole heir and executor was left the property. The house had a small mortgage left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to Vida Homeloans , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Vida Homeloans will insist on your using a conveyancer on the Vida Homeloans 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 Vida Homeloans 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 Vida Homeloans mortgage is registered as a charge at the Land Registry.
My brother and I have had an offer accepted on a flat I spoke to a solicitor previously used by my mum and he recommended using a property lawyers approved by Vida Homeloans. The estate agent recommended two local firms so I asked Vida Homeloans if the 2 suggested solicitors are approved, which they are not. Vida Homeloans suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Vida Homeloans 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Vida Homeloans to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Vida Homeloans conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Vida Homeloans conveyancing panel as it may only take about 2-3 weeks. As long as they meet Vida Homeloans’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I have a mortgage with Vida Homeloans. Conveyancing was finalised months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Vida Homeloans?
You must advise Vida Homeloans before renting your property as this is likely to be a breach of Vida Homeloans’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Vida Homeloans directly. It should not be necessary to do this via a Vida Homeloans conveyancing panel lawyer.
Can I register a complaint to Vida Homeloans about the lawyers being on the Vida Homeloans conveyancing panel?
Complaining to Vida Homeloans about their conveyancing panel is unlikely to yield much of a response. Every solicitor firm and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is properly dealt with by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.