Common questions asked concerning the JPMorgan Solicitor Panel
from members of the public
The conveyancer my fiance and I wanted to use for conveyancing on a purchase said she would charge more if my mortgage is with JPMorgan due to their unusual legal requirements. Am I likely to be frustrated using JPMorgan? Is JPMorgan conveyancing so much more difficult?
JPMorgan conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the JPMorgan conveyancing panel. If they are not, this does add further risk of delay as JPMorgan will appoint their own solicitors to look after their interest.
My solicitor has uncovered an inconsistency when comparing the surveyor’s assumptions in JPMorgan’s home valuation survey and what is in the legal papers for the property. My lawyer informs me that as he is on the JPMorgan conveyancing panel he needs to check that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s stance legitimate?
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 do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I require the services of a JPMorgan panel solicitor in Stirling. Can you assist?
It is not clear why you need a JPMorgan panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to JPMorgan to find out which solicitors in JPMorgan are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
Please explain the implications if my solicitor is removed from the JPMorgan Conveyancing panel in advance of the completion date?
First, this is a very rare occurrence. 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.
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 JPMorgan be concerned
Given that your lender is JPMorgan your lawyer must to check the JPMorgan conveyancing instructions contained in the Part of CML Handbook for JPMorgan . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to JPMorgan 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.
Hi, thinking about buying a house off my mate. Assuming we can agree a figure, what’s the best way to proceed? I hope to get a mortgage with JPMorgan. Is there anyway to cut out the solicitors to save on the costs? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with JPMorgan involved you will need to appoint a solicitor on the JPMorgan 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 JPMorgan. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the JPMorgan conveyancing panel.
I am selling my apartment. 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 a right pain. 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.