Hinckley and Rugby Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. It is a unique risk mitigation tool.

This system assists the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on Hinckley and Rugby’s changes. While using this technology is not a prerequisite for Hinckley and Rugby , demonstrating you can stay up to date with Hinckley and Rugby’s Handbook requirements is an excellent support to your panel application and, just as importantly, protect your firm’s panel status.

The software generates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Hinckley and Rugby

Lenders frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Hinckley and Rugby are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes

Since 2008, Hinckley and Rugby has made 72 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 37.9 days. In total, 28% of the sections of P2 of the UK Finance Lenders’ Handbook for Hinckley and Rugby have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
6.7.1 04/04/2018 CML
14.2.1 05/04/2017 CML
3.1.4 01/12/2014 CML
5.5.1b 01/12/2014 CML
6.14.3 01/12/2014 CML
6.14.3 14/10/2014 CML
9.1 17/12/2013 CML Adverse Possession Indemnity Insurance Possessory Title Indemnity Insurance Missing Deeds Indemnity Insurance Defective Title Indemnity Insurance
10.2a 14/08/2013 CML
5.20.1 14/08/2013 CML
5.20.3 14/08/2013 CML

Last update 11/01/2019

Hinckley and Rugby Conveyancing Panel : Questions and Answers from members of the public

I instructed a firm of solicitors to work on my remortgage 4 weeks ago having applied for a mortgage with Hinckley and Rugby. The solicitors reassured me that they are on Hinckley and Rugby conveyancing panel and provided me their panel number. Hinckley and Rugby 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 conveyancing panel for Hinckley and Rugby?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Hinckley and Rugby conveyancing panel You may wish to enlist the help of your broker to check with the Hinckley and Rugby as to how long they think it will take to get the firm to get back on the panel.
My wife and I are refinancing our flat with Hinckley and Rugby. We have a son approaching twenty who lives with us. The solicitor on the Hinckley and Rugby conveyancing panel requested us to identify anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is repossessed. I have a couple of concerns (1) Is this form unique to the Hinckley and Rugby conveyancing panel as he never had to sign this form when we purchased 5 years ago (2) In signing this form is our son in any way compromising his right 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 Hinckley and Rugby .This is solely used to protect the Hinckley and Rugby 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 Hinckley and Rugby 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.

I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Hinckley and Rugby conveyancing panel. My lawyer has said that they are on the Hinckley and Rugby approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Hinckley and Rugby conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Hinckley and Rugby solicitor panel.
My conveyancers in Manchester have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Hinckley and Rugby. Is it case that being on the Hinckley and Rugby conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Hinckley and Rugby Conveyancing Panel Terms. It might be worth you contacting Hinckley and Rugby directly.
I previously instructed online solicitors based in Bristol who are on the Hinckley and Rugby solicitor panel. They are now charging me a separate fee of £150 for dealing with the Hinckley and Rugby mortgage. Is this an additional conveyancing fee set by Hinckley and Rugby?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Hinckley and Rugby but by your lawyers. Some firms on the Hinckley and Rugby will charge an ‘acting for lender’ fee and others do not.
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 Hinckley and Rugby conveyancing panel requirements are different to Hinckley and Rugby’s conveyancing panel criteria.
I am currently in the process of buying my council flat. I have a mortgage agreed with Hinckley and Rugby. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Hinckley and Rugby you will need to appoint a solicitor on the Hinckley and Rugby conveyancing panel.