Examples of recent questions relating to the Paratus AMC Solicitor Panel
from members of the public
I appointed a solicitor to conveyancing on my house purchase 5 weeks ago having applied for a mortgage with Paratus AMC. The solicitors reassured me that they are on Paratus AMC conveyancing panel and provided me their panel number. Paratus AMC then ,via my broker advised that their panel number was dormant and would need to be reactivated. What happens next? Do I instruct a different law firm currently on the conveyancing panel for Paratus AMC?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Paratus AMC as to the time frame to get your lawyer reinstated on the panel once again.
My conveyancer has uncovered an inconsistency when comparing the surveyor’s assumptions in Paratus AMC’s valuation report and what is revealed within the conveyancing documents. My solicitor has advised that as he is on the Paratus AMC conveyancing panel he is obliged to check that the lender is happy with this discrepancy and is content go ahead. Is my lawyer’s course or action legitimate?
A precondition to being on the Paratus AMC approved panel is to comply with the CML Handbook requirements (last updated for this lender on Paratus AMC) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Are there any apps to help find a local solicitor on the Paratus AMC conveyancing panel? I have a car and am prepared to travel up to 10 kilometers to meet the conveyancer.
Feel free to make use of the find a conveyancing panel search 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 Paratus AMC solicitor panel.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Paratus AMC conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Paratus AMC conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I had instructed online solicitors based in Manchester who are on the Paratus AMC solicitor panel. They are now charging me a separate fee of £175 for dealing with the Paratus AMC mortgage. Is this an additional conveyancing fee specified by Paratus AMC?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Paratus AMC but by your lawyers. Some firms on the Paratus AMC will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
I have today made my last payment due on mortgage with Paratus AMC. I assume I don't need a solicitor on the Paratus AMC panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Paratus AMC mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Paratus AMC mortgage from the register. Paratus AMC,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Paratus AMC has sent the Land Registry the discharge electronically, and
the Paratus AMC has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Paratus AMC mortgage has been paid off.
My brother and I are taking a long lease of a flat in Hendon. Conveyancing solicitors in Hendon are about to beappointed. My brokeradvised that we enquire that the property lawyer in Hendon is on the Paratus AMC solicitors panel. Is this really necessary?
Not all Hendon conveyancing firms are on the Paratus AMC conveyancing panel. 5 people a month use our search tool to search for a
Hendon conveyancing lawyer on the on the Paratus AMC solicitors pane.