Hinckley and Rugby Solicitor Panel Sample Enquires to our Call Center
from members of the public
We are purchasing a 2 bedroom flat in Newcastle with a mortgage from Hinckley and Rugby. We like our solicitor but Hinckley and Rugby says he's not on their "panel". We have to appoint one of the Hinckley and Rugby panel solicitors or keep our solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Hinckley and Rugby conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Hinckley and Rugby
My conveyancer has identified a discrepancy when comparing the information in Hinckley and Rugby’s home valuation survey and what is in the conveyancing documents. My lawyer has advised that as he is on the Hinckley and Rugby conveyancing panel he must check that the bank is with this discrepancy and is still content to lend. Is my conveyancer’s approach right?
A precondition to being on the Hinckley and Rugby approved panel is to comply with the CML Handbook requirements (last updated for this lender on Hinckley and Rugby) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Do I have to pop into the offices of the Hinckley and Rugby conveyancing panel solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Bristol
so that I can pop in to their offices if necessary.
As opposed to 15 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Bristol
I am selling my house. Does my solicitor have to be on the Hinckley and Rugby conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Hinckley and Rugby conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
My wife and I have arranged a further advance on our mortgage from Hinckley and Rugby as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Hinckley and Rugby conveyancing panel to deal with the legals?
Hinckley and Rugby do not ordinarily appoint firms on their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Hinckley and Rugby list
Two weeks ago we had a mortgage agreed in principle with Hinckley and Rugby. Solicitors have been appointed? What is the average time that one could expect to receive a mortgage offer from Hinckley and Rugby?
Some lenders take longer than others. Have Hinckley and Rugby done the survey? Have you advised Hinckley and Rugby as your lawyers details and checked that your lawyer is on the Hinckley and Rugby conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
Hinckley and Rugby 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 Hinckley and Rugby or your broker and complete any relevant paperwork. Hinckley and Rugby will tell you what documents they want. Hinckley and Rugby 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. Hinckley and Rugby 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.