Paratus AMC Conveyancing Panel Recently Asked Questions from members of the public
My Conveyancer is not on the Paratus AMC Approved Panel. Is it possible for me to retain my preferred solicitor notwithstanding that they are not on the Paratus AMC list of approved lawyers?
The most common options here are as follows:
- Complete the purchase with your preferred lawyers but Paratus AMC will need to instruct a lawyer on the Paratus AMC conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Paratus AMC conveyancing panel.
- Urge your lawyer to apply to join the Paratus AMC lender panel
can you help? My solicitor is informing me me that he has to apply for a Local Authority search because the firm are on the Paratus AMC conveyancing panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with Paratus AMC 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 Paratus AMC’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Paratus AMC. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Paratus AMC conveyancing panel. My lawyer has said that they are on the Paratus AMC 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 Paratus AMC 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 Paratus AMC solicitor panel.
The lawyers that just started acting on my purchase in Brighton has suddenly closed. They were on acting for me because I needed a firm on the Paratus AMC conveyancing panel and my family lawyer was not. I paid them £200 on account. What are my options?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. 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 Paratus AMC 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
My wife and I have arranged a further advance on our mortgage from Paratus AMC as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Paratus AMC conveyancing panel to deal with the legals?
Paratus AMC would not normally appoint firms on their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Paratus AMC list
For 5 years I had a mortgage with Paratus AMC. My grandfather has just retired and wants to pay off my mortgage. After Paratus AMC is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Paratus AMC conveyancing panel? I do not intend to live at the property once the Paratus AMC mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Paratus AMC panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
My ex -wife’s name is on the Paratus AMC mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Paratus AMC mortgage in order to sell?
In terms of the Paratus AMC mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Paratus AMC in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.
