LiveMore Solicitor Panel Recently Asked Questions
from members of the public
A solicitor my fiance and I had intended to instruct on a purchase said he would charge more if my lender is because of their unusual legal requirements. Am I likely to be frustrated using LiveMore? Any comments will be appreciated
LiveMore 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 LiveMore conveyancing panel. If they are not, this does add further risk of delay as LiveMore will appoint their own solicitors to look after their interest.
can you help? My lawyer is assuring me that he has to order a Local Authority search because the firm are on the LiveMore solicitor panel. The searches cost a lot of money. Can this be avoided?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with LiveMore 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 LiveMore’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated LiveMore. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I am looking for competitive conveyancing fees. Can I be confident that all the firms that are listed on your site are on the LiveMore conveyancing panel?
The law firms on our directory have advised us that they are on the LiveMore panel and agreed to advise us to take down their listing in the event of removal off of the LiveMore panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the LiveMore conveyancing panel is not accurate.
We're in Liverpool, First timers purchasing with a mortgage (lender is LiveMore , but our solicitor is on the LiveMore conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the LiveMore 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
Why might a lender such as LiveMore withdraw a mortgage offer?
Lenders such as LiveMore can revoke their mortgage offer although this is unusual. In the unlikely event that LiveMore withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are various possible reasons but here are a few examples:
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If the financial circumstances of the borrower have changed to the detriment and the LiveMore has been notified
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If the borrower informs LiveMore of a change in the loan amount agreed
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Situations where information provided by the borrower that enabled the lender to make a lending decision is fraudulent, incorrect or misleading.
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Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
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Where to proceed with the Mortgage offer would be unlawful
I am selling my flat. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, LiveMore are being pedantic. The solicitor who is on the LiveMore conveyancing panel is recommending indemnity insurance as a solution but LiveMore are insisting on a building regulation certificate. Why do LiveMore have a conveyancing panel of they don’t accept advice from them?
It is probably the case that LiveMore have referred the matter to their valuer. The reason why LiveMore 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.
Intending to buy a flat with a mortgage with LiveMore. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the LiveMore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the LiveMore conveyancing panel