Hodge Equity Release Conveyancing Panel : Questions and Answers
from members of the public
I need to swap lawyers as my lawyer is not on the Hodge Equity Release panel of conveyancing solicitors. How easy is it to change conveyancer?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
Our lawyer has discovered a defect with the lease for the property we are purchasing. The other side have put forward defective title insurance as a solution. We are happy with insurance and will pay for it. Our solicitor says that as he is on the Hodge Equity Release conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is 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. These conveyancing instructions must be adhered to by the Hodge Equity Release conveyancing panel who has to balance acting for you and Hodge Equity Release
I am planning to acquire a house and need a conveyancing solicitor in Manchester who is on the Hodge Equity Release conveyancing. Can you recommend a local solicitor?
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 trying to get my ex-wife removed the mortgage deeds. Can Hodge Equity Release really tell me which solicitor I can or can not retain?
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
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Hodge Equity Release have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Hodge Equity Release your lawyer must to check the Hodge Equity Release conveyancing instructions contained in the Part of CML Handbook for Hodge Equity Release . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Hodge Equity Release where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
The for formalities of my remortgage has taken place with a loan from Hodge Equity Release. Conveyancing was satisfactory but I feel I should register my dissatisfaction about Hodge Equity Release. Who do I contact should I wish to lodge a complaint?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the Hodge Equity Release branches or the Customer Care Department at Hodge Equity Release head office. Ordinarily complaints to Hodge Equity Release are resolved very quickly. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
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.