FAQs : The LendInvest Solicitor Panel
from members of the public
Much to my surprise I have been told by my mortgage adviser that my property lawyer is not on the LendInvest Solicitor panel. How can I check?
The first thing you need to do is to contact your lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for LendInvest.
can you help? My solicitor is assuring me that she is duty-bound to order a Local Authority search as the firm are on the LendInvest solicitor panel. The searches cost a lot of money. Can this be avoided?
You have limited options available to you. As you are taking a mortgage with LendInvest 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 LendInvest’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated LendInvest. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the LendInvest conveyancing panel. My lawyer has said that they are on the LendInvest 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 LendInvest 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 LendInvest solicitor panel.
We're in Liverpool, FTBs purchasing with a mortgage (lender is LendInvest , but our lawyer is on the LendInvest conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the LendInvest 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
When it comes to lenders such as LendInvest do solicitors have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
My fiance and I are spending time viewing houses and now considering a potential offer. Should I already have a conveyancer appointed at this stage? I intend to finance via a home loan with LendInvest
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with LendInvest , make sure you remember to check that your lawyer is on the LendInvest conveyancing panel.
I have instructed a lawyer having made sure that they are on the LendInvest conveyancing panel. Does my lawyer arrange the survey of the property?
Having digested plenty of house buying,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the LendInvest conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
LendInvest will need an independent valuation of the property. Your lawyer will not arrange this. Usually LendInvest will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey.
You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with LendInvest you could contact your them to see if they have a list of approved surveyors.