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approved by Aviva Equity Release
Ready to buy a new home? Failing to check that a lawyer is on the Aviva Equity Release list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the Aviva Equity Release UK Ltd Conveyancing Panel? How can my firm be reinstated onto the Aviva Equity Release UK Ltd Conveyancing Panel?Find an Approved Solicitor on the Aviva Equity Release UK Ltd Conveyancing Panel
Frequently asked questions relating to the Aviva Equity Release Solicitor Panel
I appointed a law firm to conveyancing on my house purchase six weeks ago having applied for a mortgage with Aviva Equity Release. The law firm confirmed to me that they are on Aviva Equity Release conveyancing panel and provided me their panel reference. Aviva Equity Release then told me that their panel number was dormant and would need to be reactivated. What happens next? Do I instruct a different law firm listed on the approved panel for Aviva Equity Release?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Aviva Equity Release as to the time frame to get your lawyer reinstated on the panel once again.
We are only a couple days away from an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Aviva Equity Release. I am advised that, being on the Aviva Equity Release conveyancing panel and acting on their behalf he must inform Aviva Equity Release if the balance of the mortgage advance is coming from anyone other than me. I disclosed to the bank about my parent’s contribution when I applied for the home loan so is it really necessary for him to raise this?
Your lawyer is obliged to check with Aviva Equity Release to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Aviva Equity Release if you agree, failing which, your lawyer must cease to continue acting.
How up to date is your database of lawyers on the Aviva Equity Release conveyancing panel? Do Aviva Equity Release send you an updated list?
The firms themselves provide us confirmation that they are on the Aviva Equity Release conveyancing panel as opposed to being supplied with a list from Aviva Equity Release directly.
Can you clarify what the consequences are if my lawyer’s firm is removed from the Aviva Equity Release Solicitor panel before the moving date as agreed at exchange of contracts?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Are all Conveyancing Quality Solicitors on the Aviva Equity Release conveyancing panel?
A selection of banks and building societies now use CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
Completion of my purchase has taken place with a loan from Aviva Equity Release. Conveyancing was a necessary evil but I would like to complain about Aviva Equity Release. How do I make a complaint?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the Aviva Equity Release branches or the Customer Care Team at Aviva Equity Release head office. Ordinarily complaints to Aviva Equity Release are sorted out effectively and efficiently. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service who will take matters further.
Sometime soon me and my wife are acquiring a penthouse in Hendon. Conveyancing solicitors in Hendon are about to beretained. My colleagueadvised that we make sure that the conveyancing practitioner in Hendon is on the Aviva Equity Release panel. Is this right?
Far from all Hendon conveyancing solicitors are on the Aviva Equity Release conveyancing panel. 5 people a month use our search tool to locate a Hendon conveyancing practitioner on the on the Aviva Equity Release solicitors pane.
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Transfer of Equity for Aviva Equity ReleasePlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors