FAQs for the LiveMore Conveyancing Panel
from members of the public
I instructed a firm of solicitors to conveyancing on my purchase six weeks ago having applied for a mortgage with LiveMore. The solicitors reassured me that they are on LiveMore conveyancing panel and advised me their panel number. LiveMore then called me to say that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor listed on the approved panel for LiveMore?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the LiveMore conveyancing panel You may wish to enlist the help of your broker to check with the LiveMore as to how long they think it will take to get the firm to get back on the panel.
We are approaching an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender LiveMore. Apparently, being on the LiveMore conveyancing panel and acting on their behalf he must inform LiveMore if the balance of the mortgage advance is coming from anyone other than me. I advised the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for him to raise this?
Your lawyer is obliged to check with LiveMore to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to LiveMore if you agree, failing which, your lawyer must cease to continue acting.
Are there any apps to help search for a local solicitor on the LiveMore conveyancing panel? I have a car and am prepared to travel up to 20 miles to meet the conveyancer.
Feel free to make use of the find a conveyancing panel tool on this page. 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 LiveMore solicitor panel.
I am considering applying for a LiveMore mortgage for purchase of a new build (under development) with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for LiveMore?
There is nothing to stop you using your solicitor but LiveMore will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the LiveMore conveyancing panel?
It is true that some banks and building societies now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
Is there a list of LiveMore panel conveyancers on the CML Handbook 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 have instructed a lawyer having made sure that they are on the LiveMore conveyancing panel. Does my lawyer arrange the survey of the property?
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I've read lots of mortgage guides,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 LiveMore conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
LiveMore will need an independent valuation of the property. Your lawyer will not arrange this. Usually LiveMore 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.
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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 LiveMore you could contact your them to see if they have a list of approved surveyors.