Hodge Equity Release Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk management tool.

This software optimises the way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on Hodge Equity Release’s changes. While utilising this technology is not a prerequisite for Hodge Equity Release , demonstrating you can remain up to date with Hodge Equity Release’s Handbook requirements is a helpful support to your panel application and, just as importantly, protect your panel standing.

The system generates real-time alerts, automatically produces compliance and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Hodge Equity Release

Banks and building societies frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Hodge Equity Release are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes

Since 2008, Hodge Equity Release has made 68 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 40.1 days. In total, 0% of the sections of P2 of the UK Finance Lenders’ Handbook for Hodge Equity Release have been changed since 15/12/2008.

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FAQs for the Hodge Equity Release Solicitor Panel from members of the public

My financial adviser has has requested my law firm’s panel member for the Hodge Equity Release conveyancing panel. Can you suggest how I discover this. I have called my local Hodge Equity Release office but they have not responded to me.
You are best placed to get this information from your conveyancing lawyer. They should have a central record lender panel numbers including the Hodge Equity Release panel reference.
Our lawyer has uncovered a problem with the lease for the apartment we are purchasing. The other side have put forward defective title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor has advised that as he is on the Hodge Equity Release conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Hodge Equity Release?
Just because you have a mortgage offer from Hodge Equity Release does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Hodge Equity Release are the client. The appropriate lender requirements have to be complied with by the Hodge Equity Release conveyancing panel who has to balance acting for you and Hodge Equity Release
Is it necessary during the course of the conveyancing process to visit the offices of the Hodge Equity Release conveyancing panel solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Manchester so that I can attend their offices if required.
As opposed to twenty 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 Manchester .
We're in London, FTBs purchasing with a mortgage (lender is Hodge Equity Release , but our lawyer is on the Hodge Equity Release conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Hodge Equity Release conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Can you point me to a directory of Hodge Equity Release panel conveyancers on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
We have a mortgage agreed in principle with Hodge Equity Release. Solicitors have been instructed? How long does it take for Hodge Equity Release to send the offer to our conveyancer
Some lenders take longer than others. Have Hodge Equity Release done the survey? Have you advised Hodge Equity Release as your lawyers details and checked that your lawyer is on the Hodge Equity Release conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
I recently had an offer accepted on a house. My financial adviser recommended their conveyancers I paid an upfront payment of 175. Soon after the conveyancers contacted me to say that they were not on the Hodge Equity Release conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Hodge Equity Release panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.