FAQs for the Hinckley and Rugby Solicitor Panel
from members of the public
My Solicitor is not on the Hinckley and Rugby Solicitor Panel. Can I still retain my family solicitor even though they are not on the Hinckley and Rugby list of approved lawyers?
You will need to have a conveyancer complete the legal work required when you take out a Hinckley and Rugby mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Hinckley and Rugby conveyancing panel additional costs will be incurred as separate legal representation will be required by Hinckley and Rugby. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
We are getting closer to an exchange and my mum and dad having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Hinckley and Rugby. Apparently, being on the Hinckley and Rugby conveyancing panel and acting on their behalf he must inform Hinckley and Rugby if the balance of the mortgage advance is not just from me. I advised the bank about my parent’s contribution when I applied for the home loan so is it really necessary for him to raise this?
Your lawyer is obliged to check with Hinckley and Rugby to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Hinckley and Rugby if you agree, failing which, your lawyer must cease to continue acting.
Whilst your website is a good idea there are many lawyers listed near London on the Hinckley and Rugby conveyancing panel. Can you recommend a specific firm on the conveyancing panel for Hinckley and Rugby ?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I am attempting to get my former partner taken off the mortgage deeds. Can Hinckley and Rugby really insist on which solicitor I can or can not instruct?
You can use any solicitor you like but Hinckley and Rugby then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Hinckley and Rugby solicitors panel
When it comes to mortgage companies such as Hinckley and Rugby do solicitors have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Can I be sure that the solicitor on the Hinckley and Rugby panel is any good?
Getting recommendations is a sensible start. 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 advise that you speak with the lawyer conducting your transaction
Why might a lender such as Hinckley and Rugby withdraw a mortgage offer?
Lenders such as Hinckley and Rugby can revoke their mortgage offer although this is unusual. In the unlikely event that Hinckley and Rugby withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are 5 examples:
Where information comes to Hinckley and Rugby ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
Hinckley and Rugby may amend or withdraw an offer if the Hinckley and Rugby conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
Where the lender has to take account a recent change in law
Where the sale is not at arms length for value to unconnected persons