Frequently asked questions relating to the Hinckley and Rugby Conveyancing Panel
from members of the public
My Conveyancer has never been on on the Hinckley and Rugby Conveyancing Panel. Can I still use my family solicitor notwithstanding that 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.
Expecting to complete my purchase next Friday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for Hinckley and Rugby. What does the insurance need to cover?
All property lawyers on the Hinckley and Rugby conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Hinckley and Rugby’s Part 2 requirements of the CML Handbook (last updated on Hinckley and Rugby). Being on the Hinckley and Rugby conveyancing panel your lawyer is expect to follow these instructions.
Do all the licensed conveyancers and solicitor practices listed on your search have online case tracking as I understood that this was a condition of being on the Hinckley and Rugby conveyancing panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
I am purchasing a right to buy flat and getting a mortgage with Hinckley and Rugby. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Hinckley and Rugby conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Hinckley and Rugby conveyancing panel in your location.
Do most lenders 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.
We expect to receive a DIP from Hinckley and Rugby this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Hinckley and Rugby recommend a solicitor on the Hinckley and Rugby conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Hinckley and Rugby conveyancing panel. The solicitor represents both you and the Hinckley and Rugby through the process.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called into my local branch Hinckley and Rugby on various occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Hinckley and Rugby conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the Hinckley and Rugby panel she or he must comply with the CML Handbook requirements for Hinckley and Rugby. Unless your lawyer obtains specific confirmation in writing that Hinckley and Rugby will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Hinckley and Rugby to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.