Hodge Equity Release Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This software assists the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, 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 an excellent support to your panel application and, just as importantly, protect your firm’s panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by Hodge Equity Release

Mortgage companies often vary 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 69 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 39.6 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.

To find out more about lender panel compliance,

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

Much to my surprise I have been told by my IFA that my solicitor is not on the Hodge Equity Release Solicitor panel. How can I be certain that this is indeed the case?
The best course of action for you to take is to contact your lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they may recommend you to a firm that is on the the approved Hodge Equity Release solicitor panel.
My god-son is in the process of securing a newly built flat with a mortgage from Hodge Equity Release. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Hodge Equity Release conveyancing panel as a standard part of the process, and to the valuer when requested.

The Developer will be required to start the process by downloading the form and completing it.

The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Hodge Equity Release conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

I am buying a flat and require a conveyancing solicitor in Newcastle 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.
The firm that I appointed last week on my purchase in Brighton has without warning closed. I only went with them because I had to have a firm on the Hodge Equity Release conveyancing panel and my preferred lawyer was not. I paid them £200 on account. What should be my next steps?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Hodge Equity Release conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist
Do conveyancing solicitors on the Hodge Equity Release conveyancing panel work on a no sale no fee basis?
On the whole there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
is it true that all conveyancing solicitors on the Hodge Equity Release conveyancing panel regulated by the SRA?
As a firm of solicitors, in order to be on the Hodge Equity Release conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
We expect to receive a DIP from Hodge Equity Release this week so we know how much we could potentially offer 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.