JPMorgan Conveyancing Panel : Questions and Answers
from members of the public
I have just been informed by my financial adviser that my the law firm I have appointed is not on the JPMorgan Conveyancing panel. How can I be certain that this is indeed the case?
The first thing you need to do is to contact your conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the the approved JPMorgan solicitor panel.
I am purchasing a brand new duplex and my solicitor is telling me that she is duty bound to reveal incentives from the developer as her practice is on the JPMorgan conveyancing panel. I am on a tight deadline to sign contracts and I dont want to prolong matters. Can I insist on an exchange regardless of what my lawyer says about being on the JPMorgan panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the JPMorgan approved panel is to comply with the CML Handbook requirements (last updated for this lender on JPMorgan). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I note that you have a post code search directory identifying law firms on the JPMorgan conveyancing panel. Do firms pay you a referral fee if I appoint them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the JPMorgan conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am purchasing a terraced house and getting a mortgage with JPMorgan. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the JPMorgan conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the JPMorgan conveyancing panel in your location.
Is there a list of JPMorgan panel conveyancers on the Building Society Association’s 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.
I was thinking of purchasing my friend’s property. Once we agree a price, what’s the best way to proceed? I hope to get a mortgage with JPMorgan. Is it possible to avoid using 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 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 have a mortgage with JPMorgan. My father retired last week and wants to pay off my mortgage. After JPMorgan 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 JPMorgan conveyancing panel? I do not intend to live at the property once the JPMorgan mortgage is discharged.
will need a solicitor but they need not be on the JPMorgan conveyancing 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. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.