Common questions asked concerning the Pepper Homeloans Solicitor Panel from members of the public
What is the rationale as to why all property lawyers aren't included on the Pepper Homeloans Solicitor panel?
As unjust as it may seem for Pepper Homeloans to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Pepper Homeloans have restricted their conveyancing panel to a manageable size. The Pepper Homeloans solicitor panel is not the most exclusive of all lenders
My partner and I intend to remortgage our flat with Pepper Homeloans. We have a son 18 who lives with us. The solicitor on the Pepper Homeloans conveyancing panel requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is repossessed. I have a couple of questions (1) Is this form unique to the Pepper Homeloans conveyancing panel as he never had to sign this form when we purchased 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Pepper Homeloans .This is solely used to protect the Pepper Homeloans if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Pepper Homeloans had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
How up to date is your search tool for the Pepper Homeloans conveyancing panel? Do Pepper Homeloans send you an updated list?
The law firm practices themselves provide us confirmation that they are on the Pepper Homeloans conveyancing panel as opposed to being supplied with a list from Pepper Homeloans directly.
We're in Liverpool, First time buyers buying with a mortgage (lender is Pepper Homeloans , but our solicitor is on the Pepper Homeloans conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Pepper Homeloans 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
When it comes to mortgage companies such as Pepper Homeloans do lawyers have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We have a mortgage agreed in principle with Pepper Homeloans. Solicitors have been appointed? How long does it take for Pepper Homeloans to send the offer to our conveyancer
Some lenders take longer than others. Have Pepper Homeloans conducted the survey? Have you advised Pepper Homeloans as your lawyers details and checked that your lawyer is on the Pepper Homeloans conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
I'm at the point of viewing houses 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 Pepper Homeloans
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer 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 Pepper Homeloans , make sure you remember to check that your lawyer is on the Pepper Homeloans conveyancing panel.
