Common questions asked concerning the Rooftop Mortgages Solicitor Panel
from members of the public
Am I correct in assuming that the fact that my conveyancer is not on the Rooftop Mortgages Solicitor panel that there is a problem with the quality of the firm’s work?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Rooftop Mortgages.
Expecting to move into my new home next Monday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for Rooftop Mortgages. What risks do Rooftop Mortgages expect the insurance to cover?
All property lawyers on the Rooftop Mortgages conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Rooftop Mortgages’s Part 2 requirements of the CML Handbook (last updated on Rooftop Mortgages). Being on the Rooftop Mortgages conveyancing panel your lawyer is expect to follow these instructions.
Do all the firms listed on your directory have online case tracking as I was under the impression that this was a precondition of being on the Rooftop Mortgages conveyancing panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
I am considering applying for a Rooftop Mortgages mortgage for purchase of a newly converted (under development) with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Rooftop Mortgages?
There is nothing to stop you using your solicitor but Rooftop Mortgages will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Rooftop Mortgages be concerned
Given that you are obtaining a mortgage with Rooftop Mortgages your lawyer must to check the Rooftop Mortgages conveyancing instructions contained in the Part of CML Handbook for Rooftop Mortgages . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Rooftop Mortgages where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
Intending to buy a house with a mortgage with Rooftop Mortgages. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Rooftop Mortgages conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Rooftop Mortgages conveyancing panel
My husband and I are purchasing a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon need to beretained. My agentadvised that we make sure that the property lawyer in Hendon is on the Rooftop Mortgages list of approved conveyancing firms. Aren't all lawyers on the Rooftop Mortgages panel?
Not all Hendon conveyancing practices are on the Rooftop Mortgages conveyancing panel. Click here to search for a
Hendon conveyancing firm on the on the Rooftop Mortgages panel.