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approved by LiveMoreCapital
Ready to buy a new home? Failing to check that a lawyer is on the LiveMoreCapital 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 LiveMore Capital Conveyancing Panel? How can my firm be reinstated onto the LiveMore Capital Conveyancing Panel?Find an Approved Solicitor on the LiveMore Capital Conveyancing Panel
Frequently asked questions relating to the LiveMore Solicitor Panel
My mortgage broker has asked me for my solicitor’s panel reference for the LiveMore conveyancing panel. What is the best way to obtain this. I have e-mailed my local LiveMore office but they cant find it on their system.
You are best placed to get this information from your conveyancing lawyer. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for LiveMore.
My lawyer has discovered a discrepancy when comparing the information in LiveMore’s home valuation report and what is revealed within the legal papers for the property. My lawyer has advised that as he is on the LiveMore conveyancing panel he is obliged to check that the bank is happy with this discrepancy and is content go ahead. Is my conveyancer’s approach right?
A precondition to being on the LiveMore approved panel is to comply with the CML Handbook requirements (last updated for this lender on LiveMore) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
How do I search for a local solicitor on the LiveMore conveyancing panel? I have a car and am prepared to travel up to 25 miles to meet the conveyancer.
You can use the find a conveyancing panel tool on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the LiveMore solicitor panel.
Can you clarify what the consequences are if my lawyer’s firm is removed from the LiveMore Solicitor panel in advance of the completion date?
The first thing to point out is that, this is very unlikely to happen. 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 at a cost.
I had instructed online conveyancers located in Cardiff who are on the LiveMore solicitor panel. They have just invoiced me a separate fee of £175 for dealing with the LiveMore mortgage. Is this a supplemental conveyancing fee set by LiveMore?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by LiveMore but by your lawyers. Some firms on the LiveMore will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
I was told three weeks ago that my mortgage has been agreed
to by LiveMore. Is it usual for LiveMore to only issue the offer once my
solicitor is approved on their conveyancing panel?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for LiveMore to deal with your lawyers application to be on the LiveMore conveyancing panel. There's no guarantee that your solicitors will be accepted.
At last I have had an offer on an apartment accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What should be my next step? At what point should I appy for the mortgage with LiveMore?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the LiveMore conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with LiveMore and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
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Transfer of Equity for LiveMorePlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors