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How does my firm apply to be on the Pepper Money Conveyancing Panel? How can my firm be reinstated onto the Pepper Money Conveyancing Panel?Find an Approved Solicitor on the Pepper Money Conveyancing Panel
Pepper Money Solicitor Panel Recently Asked Questions
I instructed a firm of solicitors to work on my house purchase six weeks ago having applied for a mortgage with Pepper Money. The firm assured me that they are on Pepper Money conveyancing panel and advised me their panel number. Pepper Money then ,via my broker advised that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor listed on the conveyancing panel for Pepper Money?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Pepper Money conveyancing panel You may wish to enlist the help of your broker to check with the Pepper Money as to how long they think it will take to get the firm to get back on the panel.
Our lawyer has informed me that he requires personal identification documents stating that this forms part of his legal duty as a solicitor on the Pepper Money Solicitor panel. Can this be correct?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Pepper Money your lawyer also has to check ID documents to satisfy Pepper Money
I note that you have a post code search directory identifying firms on the Pepper Money conveyancing panel. Do firms pay you a referral fee if I retain them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Pepper Money conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
The lawyers that I appointed last week on my house acquisition in Manchester has without warning closed. I chose them because I needed a lawyer on the Pepper Money conveyancing panel and my family lawyer was not. I paid them £200 on account. What are my options?
If you have an estate agent involved then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Pepper Money conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist
We expect to receive a DIP from Pepper Money 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 Pepper Money recommend a solicitor on the Pepper Money 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 Pepper Money conveyancing panel. The solicitor represents both you and the Pepper Money through the process.
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with Pepper Money. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Pepper Money you will need to appoint a solicitor on the Pepper Money conveyancing panel.
I can not work out if my mortgage offer requires a lease extension . I have telephoned Pepper Money on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Pepper Money conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the Pepper Money panel she or he must comply with the CML Handbook requirements for Pepper Money. Unless your lawyer obtains specific confirmation in writing that Pepper Money will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Pepper Money to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
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Transfer of Equity for Pepper MoneyPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors