Q and A’s regarding the Fleet Mortgages Conveyancing Panel from members of the public
I need to swap lawyers as my lawyer is not on the Fleet Mortgages panel of conveyancing solicitors. Is it advisable to appoint a new law firm?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
Expecting to move into my new home next Friday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as as he informs me that he is duty bound to validate that it is in order for Fleet Mortgages. What does the insurance need to cover?
Any lawyer on the Fleet Mortgages conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Fleet Mortgages’s Part 2 requirements of the CML Handbook (last updated on Fleet Mortgages). Being on the Fleet Mortgages conveyancing panel your lawyer is expect to follow these requirements.
I see that you have a post code search directory identifying firms on the Fleet Mortgages conveyancing panel. Do firms pay you a commission if I retain them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Fleet Mortgages conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I was expecting to move into my dream home last Friday. My solicitor is on the Fleet Mortgages solicitors panel but has moved offices in the past couple of months and had not advised Fleet Mortgages of their new address. Fleet Mortgages has locked down the release of mortgage funds as the information from the solicitors isn't correct.
This is as unusual as it is unlucky. The majority of 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 Fleet Mortgages branch or your mortgage broker to see if they can assist.
Two weeks ago we had a mortgage agreed in principle with Fleet Mortgages. Solicitors have been chosen? What is the average time that one could expect to receive a mortgage offer from Fleet Mortgages?
Some lenders take longer than others. Have Fleet Mortgages conducted the valuation? Have you advised Fleet Mortgages as your lawyers details and checked that your lawyer is on the Fleet Mortgages conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
After much negotiation I have agreed a price on an apartment. My financial adviser suggested a solicitor I paid an upfront payment of 175. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Fleet 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 Fleet 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.
My ex -wife’s name is on the Fleet Mortgages mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Fleet Mortgages mortgage in order to sell?
As regards the Fleet Mortgages mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Fleet Mortgages in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.