Frequently asked questions relating to the Hodge Equity Release Conveyancing Panel
from members of the public
Can you please explain the reason why all UK lawyers are not on the Hodge Equity Release Conveyancing 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 size that they are happy to control. The Hodge Equity Release solicitor panel is not the smallest
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Hodge Equity Release will not agree to this. Why was Hodge Equity Release even consulted?
Your lawyer being on the Hodge Equity Release conveyancing panel is duty bound to inform Hodge Equity Release of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Hodge Equity Release then they would have to discontinue acting for you and Hodge Equity Release.
How up to date is your database of lawyers on the Hodge Equity Release conveyancing panel? Do Hodge Equity Release send you an updated list?
The law firm practices themselves provide us confirmation that they are on the Hodge Equity Release conveyancing panel as opposed to being supplied with a list from Hodge Equity Release directly.
I was supposed to move into my dream home last Friday. My solicitor is on the Hodge Equity Release solicitors panel but has moved offices in the past couple of months and had not informed Hodge Equity Release of their new address. Hodge Equity Release has locked down the release of mortgage funds as the information from the solicitors isn't correct.
This is as unusual as it is unlucky. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Hodge Equity Release branch or your mortgage broker to see if they can help.
Can I be sure that the solicitor on the Hodge Equity Release panel is any good?
seeking recommendations is a good starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor conducting your conveyancing
We were going to get a DIP from Hodge Equity Release this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Hodge Equity Release recommend a solicitor on the Hodge Equity Release conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Hodge Equity Release conveyancing panel. The solicitor represents both you and the Hodge Equity Release through the process.
The for formalities of my remortgage has taken place with a mortgage from Hodge Equity Release. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about Hodge Equity Release. How do I make a complaint?
All lenders have complaints procedures. Your first port of call 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 sorted out very quickly. However if you are not satisfied that the matter is resolved you can write to the
Financial Ombudsman Service who will take matters further.