Common questions asked concerning the Hodge Life Solicitor Panel
from members of the public
I appointed a firm of solicitors to carry out on my remortgage 5 weeks ago having applied for a mortgage with Hodge Life. The firm assured me that they are on Hodge Life conveyancing panel and gave me their panel reference. Hodge Life then called me to say that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor listed on the conveyancing panel for Hodge Life?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Hodge Life conveyancing panel You may wish to enlist the help of your broker to check with the Hodge Life as to the time frame to get your lawyer reinstated on the panel once again.
Our solicitor has uncovered a legal deficiency with the lease for the apartment we are purchasing. The seller’s lawyers have put forward defective title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer says that as he is on the Hodge Life conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is Hodge Life?
Just because you have a mortgage offer from Hodge Life 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 Life are the client. The appropriate lender requirements have to be complied with by the Hodge Life conveyancing panel who has to balance acting for you and Hodge Life
Do I need to attend the offices of the Hodge Life conveyancing panel solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Newcastle
so that I can pop in to their offices when needed.
Most conveyancing panel lawyers for Hodge Life undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
My aunt passed away 10 months ago and as sole heir and executor was left the house. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Hodge Life , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Hodge Life will insist on your using a conveyancer on the Hodge Life conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Hodge Life conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Hodge Life mortgage is registered as a charge at the Land Registry.
Is there a list of Hodge Life panel solicitors on the CML Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
Do the majority of lenders 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 requirements.
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to proceed? I plan to obtain a mortgage with Hodge Life. Is there anyway to cut out the solicitors to save us both money? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Hodge Life involved you will need to appoint a solicitor on the Hodge Life conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Hodge Life. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Hodge Life conveyancing panel.