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Hodge Equity Release Conveyancing Lender Panel Compliance Tool

Looking for information about your firm's panel status?

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How can my firm apply to be on the Hodge Equity Release Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the Hodge Equity Release Conveyancing Panel?
Check your firm’s panel Status

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. It is supported by professional indemnity insurers. It is a unique risk management tool.

This software facilitates the way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Hodge Equity Release’s changes. Even though utilising the tool is not a condition for being on the Hodge Equity Release panel, demonstrating you can remain up to date with Hodge Equity Release’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, safeguard your panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by Hodge Equity Release

Lenders often 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, over time:

A Timeline of Policy Changes


Since 2008, Hodge Equity Release has made 152 revisions or additions to sections of their version of the UK Finance Handbook.
That equates to a section change every 18.0 days. In total, 14% 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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Hodge Equity Release Conveyancing Panel Example Support Desk Enquires from members of the public

Am I correct in assuming that the fact that my conveyancer is not on the Hodge Equity Release Conveyancing panel that there is a problem with the standard of his work?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Hodge Equity Release.
My partner and I changing mortgage lender for our maisonette with Hodge Equity Release. We have a son 18 who lives with us. The solicitor on the Hodge Equity Release conveyancing panel requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the Hodge Equity Release conveyancing panel as he never had to sign this form when we bought 5 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Hodge Equity Release conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Hodge Equity Release .This is solely used to protect the Hodge Equity Release if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Hodge Equity Release had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

I am planning to acquire a flat and require a conveyancing solicitor in who is on the Hodge Equity Release approved. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Hodge Equity Release . We don’t recommend any particular firm.
I am considering applying for a Hodge Equity Release mortgage for purchase of a newly converted (under development) with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Hodge Equity Release?
In theory, you could use a solicitor that is not on Hodge Equity Release conveyancing panel, but Hodge Equity Release would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
We are getting 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 list
I am about to exchange contracts on a purchase with a mortgage from Hodge Equity Release. The report from my solicitor mentions that Hodge Equity Release could withdraw their offer before completion. Is this right?
Lenders such as Hodge Equity Release can withdraw their mortgage offer although this is unusual. In the unlikely event that Hodge Equity Release withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are a number of examples:
  • Hodge Equity Release may amend or withdraw an offer if the Hodge Equity Release conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
  • Many mortgage offers have an expiry date. Your lawyer should check this. Hodge Equity Release may amend or withdraw an offer before the end of its validation period if an offer extension is requested and following a re-evaluation of the property the value of the security is below a level which is acceptable to them.
  • A cashback to the buyer, or | part of the price includes a non-cash incentive to the buyer (eg paid stamp duty land tax),or | any indirect incentive (cash or non cash) or rental guarantee, of which the lender was previously unaware
  • Where the lender is on notice of a restriction or a right of pre-emption which is not at market value
  • Where the Lender’s right to possession is fettered in some way
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.