Examples of recent questions relating to the Landmark Mortgages Solicitor Panel from members of the public
My fiance and I are purchasing a 3 bedroom flat in Hackney with a mortgage from Landmark Mortgages. We like our solicitor but Landmark Mortgages says he's not on their "panel". It seems we have little choice but to instruct one of the Landmark Mortgages panel firms or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Landmark Mortgages use our lawyer?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Landmark Mortgages conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Landmark Mortgages
Expecting to move into my new home next Friday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for Landmark Mortgages. What risks do Landmark Mortgages expect the insurance to cover?
Any lawyer on the Landmark Mortgages conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Landmark Mortgages’s Part 2 requirements of the CML Handbook (last updated on Landmark Mortgages). Being on the Landmark Mortgages conveyancing panel your lawyer is expect to follow these instructions.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Landmark Mortgages conveyancing panel. My lawyer has said that they are on the Landmark Mortgages 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 Landmark Mortgages 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 Landmark Mortgages solicitor panel.
We're in London, FTBs buying with a mortgage (lender is Landmark Mortgages , but our solicitor 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
We were going to get a DIP from Landmark Mortgages this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Landmark Mortgages recommend a solicitor on the Landmark Mortgages conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Landmark Mortgages conveyancing panel. The solicitor represents both you and the Landmark Mortgages through the process.
The mortgage over my property is with Landmark Mortgages. Conveyancing was finalised a year ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Landmark Mortgages?
Your original mortgage agreement with Landmark Mortgages will provide that you need their approval before renting your property as this is likely to be a breach of Landmark Mortgages’s mortgage conditions. It may be that Landmark Mortgages will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Landmark Mortgages directly. You need not do this via a Landmark Mortgages conveyancing panel lawyer.
My husband and I are buying a penthouse in Hendon. Conveyancing solicitors in Hendon are preferred to beappointed. My brother-in-lawsuggested that we check that the conveyancing practitioner in Hendon is on the Landmark Mortgages panel. Aren't all lawyers on the Landmark Mortgages panel?
Far from all Hendon conveyancing solicitors are on the Landmark Mortgages conveyancing panel. 5 people a month use our search tool to locate a Hendon conveyancing practitioner on the on the Landmark Mortgages panel.