Q and A’s regarding the JPMorgan Conveyancing Panel from members of the public
I appointed a solicitor to conduct the legal paperwork on my purchase six weeks ago having applied for a mortgage with JPMorgan. The law firm confirmed to me that they are on JPMorgan conveyancing panel and gave me their panel reference. JPMorgan then called me to say that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor currently on the conveyancing panel for JPMorgan?
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 JPMorgan as to how long they think it will take to get the firm to get back on the panel.
Please assist. My lawyer is not to blame but, my purchase conveyancing has been going on for months. The Local Authority Search from JPMorgan was issued random date and we have agreed a date for me to move into the property on 6 months + 3. My solicitor informs me that as she is on the JPMorgan conveyancing panel she needs to reorder the searches as they are no longer acceptable to the lender.
A precondition to being on the JPMorgan approved panel is to comply with the CML Handbook requirements (last updated for this lender on JPMorgan)which specifies that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to JPMorgan.
What tools are available to find a local solicitor on the JPMorgan conveyancing panel? I have a car and am prepared to travel up to 20 miles to meet the conveyancer.
You can use the find a conveyancing panel tool on this website. 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 JPMorgan solicitor panel.
We're in London, First timers buying with a mortgage (lender is JPMorgan , but our solicitor is on the JPMorgan conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the JPMorgan conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
The mortgage over my property is with JPMorgan. Conveyancing was finalised months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform JPMorgan?
JPMorgan must be informed of your intention prior to renting your property as this is likely to be a breach of JPMorgan’s mortgage conditions. It may be that JPMorgan will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact JPMorgan directly. It should not be necessary to do this via a JPMorgan conveyancing panel lawyer.
Can I register a complaint to JPMorgan about the lawyers being on the JPMorgan conveyancing panel?
There is little point in complaining directly to JPMorgan. All solicitors and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is addressed by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.
I am selling my flat. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, JPMorgan are being problematic. The solicitor who is on the JPMorgan conveyancing panel is recommending indemnity insurance as a solution but JPMorgan are requiring a building regulation certificate. Why do JPMorgan have a conveyancing panel of they don’t accept advice from them?
It is probably the case that JPMorgan have referred the matter to their valuer. The reason why JPMorgan may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.