Platform Home Loans Solicitor Panel Sample Enquires to our Call Center
from members of the public
The lawyer my husband and I wanted to use for conveyancing on a remortgage said she would charge more if my lender is due to their unusual legal requirements. Am I likely to be frustrated using Platform Home Loans? Is Platform Home Loans conveyancing so much more difficult?
Platform Home Loans conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Platform Home Loans conveyancing panel. If they are not, this does add further risk of delay as Platform Home Loans will appoint their own solicitors to look after their interest.
Please help. My solicitor is advising me that he is legally obliged to apply for a Local Authority search because the firm are on the Platform Home Loans approved lawyer panel. Do I not have a choice here?
You have limited options available to you. As you are taking a mortgage with Platform Home Loans 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 Platform Home Loans’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Platform Home Loans. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I note that you have a post code search directory listing firms on the Platform Home Loans conveyancing panel. Do firms pay you a referral fee if I instruct them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Platform Home Loans conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
My aunt passed away six months ago and as sole heir and executor was left the property. The house had a small mortgage left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Platform Home Loans , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Platform Home Loans will insist on your using a conveyancer on the Platform Home Loans conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Platform Home Loans conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Platform Home Loans mortgage is registered as a charge at the Land Registry.
I am buying a property where the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Platform Home Loans be concerned
Given that you are obtaining a mortgage with Platform Home Loans your lawyer must to check the Platform Home Loans conveyancing instructions contained in the Part of CML Handbook for Platform Home Loans . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Platform Home Loans where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
Is it common for Platform Home Loans to withdraw a mortgage offer and what would be the reasoning?
Banks and Building Societies such as Platform Home Loans can withdraw their mortgage offer although this rarely happens. In the unlikely event that Platform Home Loans withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are 5 examples:
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Where information comes to Platform Home Loans ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
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Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
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Where to proceed with the Mortgage offer would be unlawful
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Where the lender has to take account a recent change in taxation
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If the lender reasonably suspects that the applicant, borrower, mortgagor or guarantor is involved in any criminal or fraudulent activity, including trading in illegal drugs or other substances, theft, robbery, deception or other serious offences, or if the applicant borrower, mortgagor or guarantor has a conviction for any serious criminal offence, including theft, deception, fraud, robbery or trade in illegal drugs or other substances;
I was told four weeks ago that my mortgage has been agreed
to by Platform Home Loans. Is it usual for Platform Home Loans to only issue the offer once my
solicitor is approved on their conveyancing panel?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Platform Home Loans to deal with your lawyers application to be on the Platform Home Loans conveyancing panel. There's no guarantee that your solicitors will be accepted.