FAQs : The ITL Mortgages Conveyancing Panel from members of the public
I instructed a law firm to conduct the legal paperwork on my house purchase 4 weeks ago having applied for a mortgage with ITL Mortgages. The solicitors assured me that they are on ITL Mortgages conveyancing panel and gave me their panel reference. ITL Mortgages then told me that their panel number was dormant and would need to be reactivated. What happens next? Do I instruct a different law firm currently on the approved panel for ITL Mortgages?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the ITL Mortgages as to how long they think it will take to get the firm to get back on the panel.
Our god-son is about to exchange on a house that has just been built with a home loan from ITL Mortgages. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the ITL Mortgages 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 ITL Mortgages conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the ITL Mortgages conveyancing panel. My lawyer has said that they are on the ITL Mortgages approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the ITL Mortgages conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the ITL Mortgages solicitor panel.
I was due to complete on my first house last Thursday. My solicitor is on the ITL Mortgages conveyancing panel but has moved offices 8 weeks ago and had not advised ITL Mortgages of their new address. ITL Mortgages has locked down the release of mortgage funds as the information from the solicitors isn't correct.
This is a rare situation indeed. Most 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 ITL Mortgages branch or your mortgage broker to see if they can assist.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender ITL Mortgages be concerned
Given that your lender is ITL Mortgages your lawyer must to check the ITL Mortgages conveyancing instructions contained in the Part of CML Handbook for ITL Mortgages . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to ITL Mortgages where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
We have agreed a price on a house I spoke to a lawyer recommended by my brother and he advised instructing a law firm approved by ITL Mortgages. The estate agent recommended two local firms so I asked ITL Mortgages if the 2 suggested solicitors are approved, which they are not. ITL Mortgages pointed out that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of ITL Mortgages '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 ITL Mortgages 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 ITL Mortgages 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 ITL Mortgages conveyancing panel as it may only take about 2-3 weeks. As long as they meet ITL Mortgages’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.
My ex -wife’s name is on the ITL Mortgages mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the ITL Mortgages mortgage in order to sell?
In terms of the ITL Mortgages mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of ITL Mortgages in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.