Landmark Mortgages Conveyancing Panel : Questions and Answers
from members of the public
My financial adviser has informed me that I have to pay Landmark Mortgages fees if I use my own solicitor. How good are the Landmark Mortgages conveyancing panel solicitors? I dont care which law firm I use as long as they're good and not exorbitantly priced. Are there any Landmark Mortgages conveyancers you'd recommend?
Landmark Mortgages’s conveyancing panel is substantial so it would be advisable to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Landmark Mortgages will allow to act for them.
I am purchasing a brand new apartment and my solicitor is informing me that she is duty bound to reveal incentives from the developer as her practice is on the Landmark Mortgages conveyancing panel. I am on a tight deadline to exchange contracts and I would rather not prolong deal. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Landmark Mortgages approved panel is to comply with the CML Handbook requirements (last updated for this lender on Landmark Mortgages). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I have been Googling for online conveyancing estimates. Can I be confident that all the law firms that are identified on your site are on the Landmark Mortgages conveyancing panel?
The law firms listed on our site have assured us via an online form that they are on the Landmark Mortgages panel and agreed to advise us to take down their listing in the event of removal off of the Landmark Mortgages panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Landmark Mortgages conveyancing panel is not accurate.
The firm that I recently instructed on my house acquisition in Manchester has without warning closed. I chose them because I needed a lawyer on the Landmark Mortgages conveyancing panel and my family lawyer was not. I gave my credit card details for them to take £175 for searches. What are my options?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Landmark Mortgages conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist
We expect to receive a DIP from Landmark Mortgages this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (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 go independently
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.
My husband and I are in the throws of viewing apartments and am about to put in an offer. Should I already have a conveyancer appointed at this stage? I intend to finance via a home loan with Landmark Mortgages
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Landmark Mortgages , make sure you remember to check that your lawyer is on the Landmark Mortgages conveyancing panel.
Planning on purchasing a flat with a mortgage with Landmark Mortgages. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Landmark Mortgages 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 Landmark Mortgages conveyancing panel