Magellan Homeloans Conveyancing Panel Sample Enquires to our Call Center from members of the public
My financial adviser has asked me for my law firm’s panel member for the Magellan Homeloans conveyancing panel. Can you suggest how I obtain this. I have called my local Magellan Homeloans branch but they have not responded to me.
You are best placed to get this information from your conveyancing lawyer. They should have a central record lender panel numbers including the Magellan Homeloans panel reference.
Much to my surprise my property lawyer is asking me for personal identification documents saying that this is part of his retainer as a conveyancer on the Magellan Homeloans Solicitor panel. Can this be correct?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that Magellan Homeloans also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Magellan Homeloans CML Handbook requirements last updated on Magellan Homeloans
Do I need to visit the offices of the Magellan Homeloans conveyancing panel solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Newcastle
so that I can pop in to their offices when needed.
Whereas this was necessary 15 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Newcastle
.
I am buying a garden flat and getting a mortgage with Magellan Homeloans. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Magellan Homeloans 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 Magellan Homeloans conveyancing panel in your location.
I have had an offer accepted on a apartment I spoke to a solicitor previously used by my brother and he recommended using a property lawyers approved by Magellan Homeloans. The estate agent recommended two local firms so I asked Magellan Homeloans if the 2 suggested solicitors are approved, which they are not. Magellan Homeloans suggested that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Magellan Homeloans 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Magellan Homeloans to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Magellan Homeloans conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Magellan Homeloans conveyancing panel as it may only take about 2-3 weeks. As long as they meet Magellan Homeloans’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I have decided to exercise my right to buy my property off the council. I have a mortgage offer with Magellan Homeloans. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Magellan Homeloans you will need to appoint a solicitor on the Magellan Homeloans conveyancing panel.
I had an offer accepted on an apartment on the 12th February 2014, valuation was booked 2 days later, all came back fine. Solicitor appointed, so all that was missing was my mortgage offer. Having made daily calls to Magellan Homeloans and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Magellan Homeloans conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Magellan Homeloans to deal with your lawyers application to be on the Magellan Homeloans conveyancing panel. There's no guarantee that your solicitors will be accepted.