Investec Solicitor Panel Example Support Desk Enquires from members of the public
On what basis could a firm of solicitors be removed from the Investec solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been excluded from a lender panel. The top reasons in order are :
- lack of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Investec
Please help. My lawyer is informing me me that he is legally obliged to apply for a Local Authority search stemming from the fact that the firm are on the Investec approved lawyer panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with Investec your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Investec’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Investec. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I am looking to buy a house and need a conveyancing solicitor in Manchester who is on the Investec solicitor. 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 Investec . We don’t recommend any particular firm.
I am attempting to get my ex-wife taken off the mortgage deeds. Can Investec really tell me which solicitor I can or can not use?
You can use any solicitor you like but Investec 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 Investec solicitors panel
My brother and I have had an offer accepted on a apartment I spoke to a solicitor recommended by my uncle and he suggested retaining a law firm approved by Investec. The estate agent recommended two local firms so I asked Investec if the 2 suggested solicitors are approved, which they are not. Investec suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Investec 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Investec to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Investec conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Investec conveyancing panel as it may only take about 2-3 weeks. As long as they meet Investec’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
For 5 years I had a mortgage with Investec. My godfather retired last week and wants to pay off the mortgage left on the property. After Investec is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Investec conveyancing panel? I do not intend to live at the property once the Investec mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Investec panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
Planning on purchasing a house with a mortgage with Investec. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Investec conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Investec conveyancing panel