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approved by LendInvest
Ready to buy a new home? Failing to check that a lawyer is on the LendInvest list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the LendInvest Conveyancing Panel? How can my firm be reinstated onto the LendInvest Conveyancing Panel?Find an Approved Solicitor on the LendInvest Conveyancing Panel
LendInvest Solicitor Panel Recently Asked Questions
The lawyer I had intended to instruct on a remortgage said she will levy higher legal fees if my mortgage is with LendInvest due to their unusual legal requirements. Will I regret using LendInvest? Is LendInvest conveyancing so much more difficult?
LendInvest 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 LendInvest conveyancing panel. If they are not, this does add further risk of delay as LendInvest will appoint their own solicitors to look after their interest.
My son-in-law is purchasing a house that has just been built with a home loan from LendInvest. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the LendInvest conveyancing panel as a standard part of the process, and to the valuer when asked.
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 LendInvest conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Do lenders provide you with an approved list of solicitors? How do you know who is on the LendInvest conveyancing panel?
The firms themselves provide us confirmation that they are on the LendInvest conveyancing panel as opposed to being supplied with a list from LendInvest directly.
We're in London, First timers purchasing with a mortgage (lender is LendInvest , but our lawyer is on the LendInvest conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the LendInvest conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the LendInvest conveyancing panel requirements are different to LendInvest’s conveyancing panel criteria.
I have today made my last payment due on mortgage with LendInvest. I assume I don't need a solicitor on the LendInvest panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your LendInvest 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 LendInvest mortgage from the register. LendInvest,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 LendInvest has sent the Land Registry the discharge electronically, and
the LendInvest has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your LendInvest mortgage has been paid off.
The for formalities of my purchase has taken place with a loan from LendInvest. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about LendInvest. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the LendInvest branches or the Customer Services Team at LendInvest head office. Ordinarily complaints to LendInvest are resolved very quickly. 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 who will take matters further.
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Transfer of Equity for LendInvestPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors