FAQs for the Hodge Equity Release Conveyancing Panel
from members of the public
Can you please explain the reason why all solicitors aren't included on the Hodge Equity Release Solicitor panel?
As unjust as it may seem for Hodge Equity Release to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Hodge Equity Release are limiting their conveyancing panel to a manageable size. The Hodge Equity Release solicitor panel is not the most difficult to join
Please help. My lawyer is assuring me that he is legally obliged to apply for a Local Authority search because the firm are on the Hodge Equity Release conveyancing panel. Is this really necessary?
You have limited options available to you. As you are taking a mortgage with Hodge Equity Release your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Hodge Equity Release’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Hodge Equity Release. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Your search tool is useful but there are many lawyers listed near Leeds on the Hodge Equity Release conveyancing panel. Can you recommend a specific firm on the Hodge Equity Release approved panel?
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 considering applying for a Hodge Equity Release mortgage for purchase of a new build (under development) with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Hodge Equity Release?
There is nothing to stop you using your solicitor but Hodge Equity Release will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I previously instructed online conveyancers located in Bristol who are on the Hodge Equity Release solicitor panel. They are now charging me a separate fee of £195 for dealing with the Hodge Equity Release mortgage. Is this a supplemental conveyancing fee set by Hodge Equity Release?
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 Hodge Equity Release but by your lawyers. Some firms on the Hodge Equity Release will charge an ‘acting for lender’ fee and others do not.
I'm spending time viewing apartments and now considering a potential offer. Is it best to have a conveyancer on ‘stand by’? I I am planning to take a home loan with Hodge Equity Release
It would be sensible to have your start your search soon rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Hodge Equity Release , ask your prospective lawyers check they are on the Hodge Equity Release conveyancing panel otherwise they can't do the mortgage legal work.
We are are taking a long lease of a flat in Hendon. Conveyancing solicitors in Hendon will soon beinstructed. My motheradvised that we check that the property lawyer in Hendon is on the Hodge Equity Release approved list of lawyers. Aren't all lawyers on the Hodge Equity Release panel?
Far from all Hendon conveyancing firms are on the Hodge Equity Release conveyancing panel. 5 people a month use our search tool to search for a
Hendon conveyancing practitioner on the on the Hodge Equity Release solicitors pane.