Rooftop Mortgages Solicitor Panel Example Support Desk Enquires from members of the public
I am getting a mortgage with Rooftop Mortgages. my intention is to use a Licensed Conveyancer. Does the Rooftop Mortgages Conveyancing panel allow for Licensed Conveyancers
Rooftop Mortgages’s conveyancing panel is, like many other lenders associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Our solicitor has uncovered a defect with the lease for the property we are buying. The other side have put forward defective title insurance as a solution. We are happy with insurance and will pay for it. Our solicitor has advised that as he is on the Rooftop Mortgages conveyancing panel he must ensure that the lender is happy with this solution. Are we the client or is Rooftop Mortgages?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Rooftop Mortgages are the client. A precondition to being on the Rooftop Mortgages approved panel is to comply with the CML Handbook requirements (last updated for this lender on Rooftop Mortgages). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Rooftop Mortgages can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . 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.
How up to date is your search tool for the Rooftop Mortgages conveyancing panel? Do Rooftop Mortgages send you an updated list?
The law firm practices themselves provide us confirmation that they are on the Rooftop Mortgages conveyancing panel as opposed to being supplied with a list from Rooftop Mortgages directly.
My uncle passed away six months ago and as sole heir and executor was left the house. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Rooftop Mortgages , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Rooftop Mortgages will insist on your using a conveyancer on the Rooftop Mortgages 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 Rooftop Mortgages 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 Rooftop Mortgages mortgage is registered as a charge at the Land Registry.
I have today made my last payment due on mortgage with Rooftop Mortgages. I assume I don't need a solicitor on the Rooftop Mortgages panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Rooftop Mortgages 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 Rooftop Mortgages mortgage from the register. Rooftop Mortgages,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 Rooftop Mortgages has sent the Land Registry the discharge electronically, and
the Rooftop Mortgages has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Rooftop Mortgages mortgage has been paid off.
I have a mortgage with Rooftop Mortgages. My grandfather retired last week and wants to pay off my mortgage. After Rooftop Mortgages 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 Rooftop Mortgages conveyancing panel? I do not intend to live at the property once the Rooftop Mortgages mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Rooftop Mortgages 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. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.
The for formalities of my purchase has taken place with a loan from Rooftop Mortgages. Conveyancing was satisfactory but I would like to complain about Rooftop Mortgages. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the Rooftop Mortgages branches or the Customer Care Department at Rooftop Mortgages head office. In most cases complaints to Rooftop Mortgages are resolved effectively and efficiently. However if you are not satisfied that the matter is resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.