Frequently asked questions relating to the Hodge Life Conveyancing Panel
from members of the public
I have just been informed by my mortgage broker that my solicitor is not on the Hodge Life Conveyancing panel. How can I check?
The first thing you need to do is to contact your conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the the approved Hodge Life solicitor panel.
I am purchasing a newly constructed apartment and my conveyancer is advising me that she has to disclose incentives from the developer as her firm is on the Hodge Life conveyancing panel. I am under pressure to sign contracts and my preference is not to prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Hodge Life approved panel is to comply with the CML Handbook requirements (last updated for this lender on Hodge Life). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Are there any apps to help find a local solicitor on the Hodge Life conveyancing panel? I have a car and am prepared to travel up to 10 kilometers to meet the conveyancer.
You can use the find a conveyancing panel tool on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Hodge Life solicitor panel.
What happens if my solicitor is expelled from the Hodge Life Solicitor panel prior to the moving date as agreed at exchange of contracts?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I had instructed online solicitors based in Cardiff who are on the Hodge Life solicitor panel. They are now charging me a separate fee of £175 for dealing with the Hodge Life mortgage. Is this an additional conveyancing fee set by Hodge Life?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Hodge Life but by your lawyers. Some firms on the Hodge Life will charge an ‘acting for lender’ fee and others do not.
Do the majority of banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Hodge Life conveyancing panel requirements are different to Hodge Life’s conveyancing panel criteria.
I have decided to exercise my right to buy my property off the council. I have a mortgage offer with Hodge Life. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Hodge Life you will need to appoint a solicitor on the Hodge Life conveyancing panel.