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approved by zephyr
Ready to buy a new home? Failing to check that a lawyer is on the zephyr list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?Is my firm on the Zephyr Mortgages Conveyancing Panel? How does my firm apply to be on the Zephyr Mortgages Conveyancing Panel? How can my firm be reinstated onto the Zephyr Mortgages Conveyancing Panel?
Find an Approved Solicitor on the Zephyr Mortgages Conveyancing Panel
Zephyr Mortgages Solicitor Panel Example Support Desk Enquires
What is the rationale as to why all property lawyers are not on the Zephyr Mortgages Conveyancing panel?
Even though it may seem unfair for Zephyr Mortgages to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Zephyr Mortgages are limiting their panel of approved conveyancing lawyers to a size that they are happy to control. The Zephyr Mortgages solicitor panel is not the most exclusive of all lenders
My conveyancer has discovered a difference when comparing the assumptions in Zephyr Mortgages’s home valuation report and what is in the title deeds. My lawyer informs me that as he is on the Zephyr Mortgages conveyancing panel he is duty bound to check that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’s stance right?
A precondition to being on the Zephyr Mortgages approved panel is to comply with the CML Handbook requirements (last updated for this lender on Zephyr Mortgages) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Do all the licensed conveyancers and solicitor practices listed on your search have online case tracking as I was under the impression that this was a precondition of being on the Zephyr Mortgages solicitor panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
I am in the process of mortgaging my apartment does my lawyer have to be on the Zephyr Mortgages Conveyancing panel?
There is nothing to stop you using your solicitor but Zephyr Mortgages will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I am about to exchange contracts on a purchase with a mortgage from Zephyr Mortgages. The report from my solicitor mentions that Zephyr Mortgages could withdraw their offer before completion. Is this right?
Banks and Building Societies such as Zephyr Mortgages can withdraw their mortgage offer although this is unusual. If Zephyr Mortgages withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are a number of examples:
- If the borrower informs Zephyr Mortgages of a change in security address
- Where to proceed with the Mortgage offer would be unlawful
- Where the lender is on notice of a restriction or a right of pre-emption which is not at market value
- If the lender reasonably suspects that the applicant, borrower, mortgagor or guarantor is involved in any criminal or fraudulent activity, including trading in illegal drugs or other substances, theft, robbery, deception or other serious offences, or if the applicant borrower, mortgagor or guarantor has a conviction for any serious criminal offence, including theft, deception, fraud, robbery or trade in illegal drugs or other substances;
- If the solicitor on the Zephyr Mortgages conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Zephyr Mortgages ‘s instructions
I have today made my last payment due on mortgage with Zephyr Mortgages. I assume I don't need a solicitor on the Zephyr Mortgages panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Zephyr 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 Zephyr Mortgages mortgage from the register. Zephyr 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 Zephyr Mortgages has sent the Land Registry the discharge electronically, and the Zephyr Mortgages has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your Zephyr Mortgages mortgage has been paid off.
After much negotiation I have agreed a price on a house. My financial adviser suggested a solicitor I paid an upfront payment of 225. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Zephyr Mortgages conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Zephyr Mortgages panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.