Hampden Solicitor Panel Example Support Desk Enquires from members of the public
What is the rationale as to why all UK lawyers aren't included on the Hampden Conveyancing panel?
Lenders point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year. The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to banks and building societies purging less reputable firms off their books
Our grandson is purchasing a house that has just been built with a home loan from Hampden. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Hampden conveyancing panel as a standard part of the process, and to the surveyor when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Hampden conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am buying a property and require a conveyancing solicitor in Manchester who is on the Hampden conveyancing. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Hampden . We don’t recommend any particular firm.
I was due to move into my first house last Thursday. My solicitor is on the Hampden conveyancing panel but has moved offices in the past couple of months and had not informed Hampden of their new address. Hampden has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. 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 Hampden branch or your mortgage broker to see if they can assist.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Hampden have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Hampden your lawyer must to check the Hampden conveyancing instructions contained in the Part of CML Handbook for Hampden . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Hampden where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to proceed? I hope to get a mortgage with Hampden. Is it possible to avoid using solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Hampden involved you will need to appoint a solicitor on the Hampden conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Hampden. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Hampden conveyancing panel.
We expect to receive a DIP from Hampden this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Hampden recommend a solicitor on the Hampden conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Hampden conveyancing panel. The solicitor represents both you and the Hampden through the process.