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approved by HodgeEquityRelease
Ready to buy a new home? Failing to check that a lawyer is on the HodgeEquityRelease 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 Hodge Equity Release Conveyancing Panel? How can my firm be reinstated onto the Hodge Equity Release Conveyancing Panel?Find an Approved Solicitor on the Hodge Equity Release Conveyancing Panel
Hodge Equity Release Solicitor Panel Example Support Desk Enquires
My lawyer has never been on on the Hodge Equity Release Solicitor Panel. Is it possible for me to use my preferred solicitor even though they are not on the Hodge Equity Release approved list?
The most common options here are as follows:
- Carry on with your preferred lawyers but Hodge Equity Release will need to instruct a lawyer on the Hodge Equity Release conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Hodge Equity Release conveyancing panel.
- Convince your lawyer to do everything within their powers to join the Hodge Equity Release conveyancing panel
My wife and I are refinancing our flat with Hodge Equity Release. We have a son approaching twenty who lives with us. The solicitor on the Hodge Equity Release conveyancing panel requested us to identify anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is forfeited by the lender. I have a couple of questions (1) Is this form unique to the Hodge Equity Release conveyancing panel as he never had to sign this form when we bought 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Hodge Equity Release conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Hodge Equity Release .This is solely used to protect the Hodge Equity Release if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Hodge Equity Release had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I have been searching for competitive conveyancing fees. Can I be confident that all the practices that are listed on your directory are on the Hodge Equity Release conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the Hodge Equity Release panel and agreed to advise us to take down their listing in the event of removal off of the Hodge Equity Release panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Hodge Equity Release conveyancing panel is not accurate.
My grandfather passed away last year and as sole heir and executor was left the property. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Hodge Equity Release , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Hodge Equity Release will insist on your using a conveyancer on the Hodge Equity Release 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 Hodge Equity Release 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 Hodge Equity Release mortgage is registered as a charge at the Land Registry.
We expect to receive a DIP from Hodge Equity Release this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Hodge Equity Release recommend a solicitor on the Hodge Equity Release conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Hodge Equity Release conveyancing panel. The solicitor represents both you and the Hodge Equity Release through the process.
Planning on purchasing a house with a mortgage with Hodge Equity Release. 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 Hodge Equity Release 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 Hodge Equity Release conveyancing panel
I have instructed a lawyer having checked that they are on the Hodge Equity Release conveyancing panel. Does my lawyer arrange the survey of the property?
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Having digested plenty of house buying,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the Hodge Equity Release conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Hodge Equity Release will need an independent valuation of the property. Your lawyer will not arrange this. Usually Hodge Equity Release will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey.
You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
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Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Hodge Equity Release you could contact your them to see if they have a list of approved surveyors.
Other Topics
Transfer of Equity for Hodge Equity ReleasePlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors