Hodge Equity Release Conveyancing Panel : Questions and Answers
from members of the public
My financial adviser has has requested my lawyer’ panel reference for the Hodge Equity Release conveyancing panel. How do I find this out. I have e-mailed my local Hodge Equity Release branch but they don't know it.
the sensible thing to do is ask for this information from your solicitor. They should have a central record lender panel numbers including the Hodge Equity Release panel reference.
My lawyer has identified a discrepancy when comparing the information in Hodge Equity Release’s home valuation survey and what is revealed within the title deeds. My lawyer has advised that as he is on the Hodge Equity Release conveyancing panel he is duty bound to ensure that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s stance right?
A precondition to being on the Hodge Equity Release approved panel is to comply with the CML Handbook requirements (last updated for this lender on Hodge Equity Release) 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 both parties.
I have been Googling for conveyancing quotes online. Can I be sure that all the practices that are identified on your site are on the Hodge Equity Release conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us that they are on the Hodge Equity Release panel and agreed to advise us to take down their listing in the event of removal off of the Hodge Equity Release panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Hodge Equity Release conveyancing panel is incorrect.
I would like to get my former partner removed the mortgage deeds. Can Hodge Equity Release really insist on which solicitor I can or can not instruct?
You can use any solicitor you like but Hodge Equity Release 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 Hodge Equity Release solicitors panel
My wife and I have arranged a further advance on our mortgage from Hodge Equity Release as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Hodge Equity Release conveyancing panel to deal with the legals?
Hodge Equity Release do not ordinarily instruct 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 Hodge Equity Release panel
My fiance and I are spending time viewing flats and am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I intend to finance via a home loan with Hodge Equity Release
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer 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.
Hodge Equity Release 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 Hodge Equity Release or your broker and complete any relevant paperwork. Hodge Equity Release will tell you what documents they want. Hodge Equity Release 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. Hodge Equity Release 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.