Habito Conveyancing Panel Example Support Desk Enquires
from members of the public
I instructed a law firm to carry out on my purchase 5 weeks ago having applied for a mortgage with Habito. The solicitors assured me that they are on Habito conveyancing panel and gave me their panel reference. Habito then called me to say that their panel number was dormant and would need to be reactivated. What happens next? Do I instruct a different law firm listed on the approved panel for Habito?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Habito as to how long they think it will take to get the firm to get back on the panel.
My partner and I are refinancing our flat with Habito. We have a son 19 who lives with us. The solicitor on the Habito conveyancing panel has asked us to disclose anyone over the age of 17 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 apartment is repossessed. I have two concerns (1) Is this document specific to the Habito conveyancing panel as he never had to sign this form when we bought 3 years ago (2) Does our son by signing this giving up his rights to inherit the property?
On the face of it your lawyer has done nothing wrong 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 Habito .This is solely used to protect the Habito 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 Habito 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.
Are there any apps to help search for a local solicitor on the Habito conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the conveyancer.
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 Habito solicitor panel.
We're in Liverpool, First time buyers purchasing with a mortgage (lender is Habito , but our lawyer is on the Habito conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Habito conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Last month we had a mortgage agreed in principle with Habito. Solicitors have been chosen? How long does it take for Habito to send the offer to our conveyancer
There is no definitive answer here. Have Habito conducted the valuation? Have you advised Habito as your lawyers details and checked that your lawyer is on the Habito conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
My existing mortgage is with Habito. My godfather retired last week and wants to pay off my mortgage. After Habito is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Habito conveyancing panel? I do not intend to live at the property once the Habito mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Habito panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.
Habito have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Habito or your broker and complete any relevant paperwork. Habito will tell you what documents they want. Habito will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Habito will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.