Generation Home Conveyancing Panel Sample Enquires to our Call Center
from members of the public
My fiance and I are FTBs. Within the last couple of days our conveyancer has forwarded the sale agreement to sign with a detailed report in anticipation of exchanging contracts shortly. Generation Home have this evening contacted us to advise us that there is now an issue as our solicitor is not on their conveyancing panel. Is this a problem?
When purchasing a property with the benefit of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.
In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme.
Your solicitors should contact Generation Home and see if they can apply for membership of the Generation Home conveyancing panel, but if that is not viable Generation Home will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the Generation Home conveyancing panel and you may continue to use your own solicitors, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
Our conveyancer has identified a defect with the lease for the flat we are purchasing. The seller’s lawyers have put forward title insurance as a workaround. We are happy with insurance and will cover the costs. Our lawyer has advised that as he is on the Generation Home conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Generation Home?
Just because you have a mortgage offer from Generation Home does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Generation Home are the client. These conveyancing instructions must be adhered to by the Generation Home conveyancing panel who has to balance acting for you and Generation Home
I am looking for conveyancing quotes online. Can I be sure that all the practices that are identified on your website are on the Generation Home conveyancing panel?
The law firms listed on our site have advised us that they are on the Generation Home panel and agreed to advise us to take down their listing in the event of removal off of the Generation Home panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Generation Home conveyancing panel is incorrect.
My grandfather passed away last year and as sole heir and executor was left the property. The house had a relatively small loan remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Generation Home , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Generation Home will insist on your using a conveyancer on the Generation Home 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 Generation Home 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 Generation Home mortgage is registered as a charge at the Land Registry.
How can we tell if a solicitor on the Generation Home panel is any good?
obtaining recommendations is a sensible starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer carrying out your conveyancing
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Generation Home have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Generation Home your lawyer must to check the Generation Home conveyancing instructions contained in the Part of CML Handbook for Generation Home . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Generation Home where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
I recently had an offer accepted on a house. My mortgage broker pressured me to appoint their lawyers I paid an upfront payment of 225. Soon after the conveyancers contacted me to say that they were not on the Generation Home 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 Generation Home 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.