Frequently asked questions relating to the Capital Home Loans Solicitor Panel from members of the public
My financial adviser has says he needs my law firm’s panel reference for the Capital Home Loans conveyancing panel. What is the best way to find this out. I have called my local Capital Home Loans branch but they cant find it on their system.
the sensible thing to do is ask for this information from your solicitor. They should have a central record lender panel numbers including the Capital Home Loans panel reference.
My fiance and I intend to remortgage our maisonette with Capital Home Loans. We have a son 18 who lives with us. The solicitor on the Capital Home Loans conveyancing panel has asked us to disclose any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is forfeited by the lender. I have two questions (1) Is this document specific to the Capital Home Loans conveyancing panel as he never had to sign this form when we bought 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Capital Home Loans conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Capital Home Loans .This is solely used to protect the Capital Home Loans if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Capital Home Loans had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
What tools are available to search for a local solicitor on the Capital Home Loans conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the lawyer.
You can use the find a conveyancing panel tool on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Capital Home Loans solicitor panel.
I am buying a garden flat and getting a mortgage with Capital Home Loans. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Capital Home Loans conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Capital Home Loans conveyancing panel in your location.
is it true that all solicitors on the Capital Home Loans conveyancing panel overseen by the SRA?
As solicitors, in order to be on the Capital Home Loans conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Do most banks 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 Capital Home Loans conveyancing panel requirements are different to Capital Home Loans’s conveyancing panel criteria.
I have a mortgage with Capital Home Loans. Conveyancing has been completed some time ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Capital Home Loans?
Capital Home Loans must be informed of your intention in advance of renting your property as this is likely to be a breach of Capital Home Loans’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 Capital Home Loans directly. It should not be necessary to do this via a Capital Home Loans conveyancing panel solicitor.