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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
Frequently asked questions relating to the LendInvest Conveyancing Panel
I am hoping to receive a mortgage offer from LendInvest. my intention is to enlist the help of a Licensed Conveyancer. Does the LendInvest Solicitor panel include conveyancers regulated by the CLC
LendInvest’s conveyancing panel is, like many other lenders represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
Expecting to move into my new home next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for LendInvest. What does the insurance need to cover?
Any lawyer on the LendInvest 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 LendInvest’s Part 2 requirements of the CML Handbook (last updated on LendInvest). Being on the LendInvest conveyancing panel your lawyer is expect to follow these instructions.
I need to find a LendInvest panel solicitor in Inverness. Can you assist?
It is not clear why you need a LendInvest panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to LendInvest to find out which solicitors in LendInvest are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am purchasing a terraced house and getting a mortgage with LendInvest. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the LendInvest conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the LendInvest conveyancing panel in your location.
When it comes to mortgage companies such as LendInvest do solicitors have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Do most banks 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.
We have agreed a price on a apartment I spoke to a solicitor previously used by my uncle and he suggested retaining a law firm approved by LendInvest. The estate agent recommended two local firms so I asked LendInvest if the 2 suggested solicitors are approved, which they are not. LendInvest pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of LendInvest 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of LendInvest for conveyancing panel firms in your area. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the LendInvest conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto LendInvest conveyancing panel as it may only take about 2-3 weeks. As long as they meet LendInvest’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
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