FAQs : The Better HomeOwnership Conveyancing Panel
from members of the public
I am hoping to receive a mortgage with Better HomeOwnership. I hope to instruct a Licensed Conveyancer. Does the Better HomeOwnership Conveyancing panel exclude Licensed Conveyancers
Better HomeOwnership’s conveyancing panel is, like many other lenders associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
My lawyer has spotted a difference between the assumptions in Better HomeOwnership’s valuation report and what is revealed within the title deeds. My lawyer informs me that as he is on the Better HomeOwnership conveyancing panel he must ensure that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s approach correct?
A precondition to being on the Better HomeOwnership approved panel is to comply with the CML Handbook requirements (last updated for this lender on Better HomeOwnership) 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.
I note that you have a search directory identifying firms on the Better HomeOwnership conveyancing panel. Do firms pay you a commission if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Better HomeOwnership conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I would like to get my ex-husband removed the mortgage deeds. Can Better HomeOwnership really tell me which solicitor I can or can not retain?
You can use any solicitor you like but Better HomeOwnership then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Better HomeOwnership solicitors panel
When it comes to lenders such as Better HomeOwnership do solicitors have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
After shopping around on the internet I have found a solicitor having made sure that they are on the Better HomeOwnership conveyancing panel. Does my lawyer arrange the survey of the property?
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I've read lots of mortgage guides,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the Better HomeOwnership conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Better HomeOwnership will need an independent valuation of the property. Your lawyer will not arrange this. Usually Better HomeOwnership 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.
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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 Better HomeOwnership you could contact your them to see if they have a list of approved surveyors.
My husband and I are taking a long lease of a terraced house in Hendon. Conveyancing solicitors in Hendon are about to begiven the go-ahead. My fathersuggested that we enquire that the solicitor in Hendon is on the Better HomeOwnership solicitors panel. Is this really necessary?
It is not that case that all Hendon conveyancing firms are on the Better HomeOwnership conveyancing panel. 8 people a month use our search tool to locate a
Hendon conveyancing firm on the on the Better HomeOwnership approved list of lawyers.