Landmark Mortgages Conveyancing Panel Example Support Desk Enquires
from members of the public
Am I correct in assuming that the fact that my conveyancer is not on the Landmark Mortgages Conveyancing panel that there is a problem with the standard of the firm’s conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Landmark Mortgages.
Please help. My solicitor is advising me that he is legally obliged to order a Local Authority search because the firm are on the Landmark Mortgages conveyancing panel. Do I not have a choice here?
You have limited options available to you. As you are taking a mortgage with Landmark Mortgages 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 Landmark Mortgages’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Landmark Mortgages. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I am buying a house and require a conveyancing solicitor in Birmingham who is on the Landmark Mortgages conveyancing. Can you recommend a local firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Landmark Mortgages . We don’t recommend any particular firm.
We're in Wales, FTBs purchasing with a mortgage (lender is Landmark Mortgages , but our lawyer is on the Landmark Mortgages conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Landmark Mortgages 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
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Landmark Mortgages conveyancing panel?
A selection of lenders now use CQS as the starting point for Panel membership such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
is it true that all solicitors on the Landmark Mortgages conveyancing panel overseen by the SRA?
As solicitors, in order to be on the Landmark Mortgages conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Two weeks ago we had a mortgage agreed in principle with Landmark Mortgages. Solicitors have been chosen? What is the average time that one could expect to receive a mortgage offer from Landmark Mortgages?
Some lenders take longer than others. Have Landmark Mortgages done the valuation? Have you advised Landmark Mortgages as your lawyers details and checked that your lawyer is on the Landmark Mortgages conveyancing panel? It is not unusual for a mortgage offer to take a month to come through