FAQs : The Vida Homeloans Solicitor Panel from members of the public
The lawyer I had intended to instruct on a purchase said she would charge more if my lender is because of their difficult processes! Am I likely to be frustrated using Vida Homeloans? Is Vida Homeloans conveyancing so much more difficult?
Vida Homeloans 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 Vida Homeloans conveyancing panel. If they are not, this does add further risk of delay as Vida Homeloans will appoint their own solicitors to look after their interest.
Our son is purchasing a house that has just been built with a mortgage from Vida Homeloans. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Vida Homeloans conveyancing panel as a standard part of the process, and to the surveyor when requested.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Vida Homeloans conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Are the lawyers identified as being on the Vida Homeloans conveyancing panel, together with their details provided by Vida Homeloans?
The firms themselves provide us confirmation that they are on the Vida Homeloans conveyancing panel as opposed to being supplied with a list from Vida Homeloans directly.
I am attempting to get my ex-husband taken off the mortgage deeds. Can Vida Homeloans really insist on which solicitor I can or can not use?
You can use any solicitor you like but Vida Homeloans then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Vida Homeloans solicitors panel
Last month we had a mortgage agreed in principle with Vida Homeloans. Solicitors have been instructed? What is the average time that one could expect to receive a mortgage offer from Vida Homeloans?
Some lenders take longer than others. Have Vida Homeloans done the valuation? Have you advised Vida Homeloans as your lawyers details and checked that your lawyer is on the Vida Homeloans conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with Vida Homeloans. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Vida Homeloans you will need to appoint a solicitor on the Vida Homeloans conveyancing panel.
I have not been happy with the level or service received from my lawyer. Is there a Vida Homeloans conveyancing panel complaints department or do I complain directly to the law firm?
Complaining to Vida Homeloans about their conveyancing panel is unlikely to yield much of a response. All solicitors and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is properly dealt with by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.
