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approved by Platform HL
Ready to buy a new home? Failing to check that a lawyer is on the Platform HL 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 Platform Home Loans Ltd Conveyancing Panel? How can my firm be reinstated onto the Platform Home Loans Ltd Conveyancing Panel?Find an Approved Solicitor on the Platform Home Loans Ltd Conveyancing Panel
Platform Home Loans Solicitor Panel Example Support Desk Enquires
Is the fact that my solicitor is not on the Platform Home Loans Conveyancing panel that there is a problem with the quality of the firm’s conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Platform Home Loans.
I do hope you can help me. My solicitor is informing me me that she is duty-bound to conduct a Local Authority search as the firm are on the Platform Home Loans approved lawyer panel. Is my lawyer correct?
You have limited options available to you. As you are taking a mortgage with Platform Home Loans your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Platform Home Loans’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Platform Home Loans. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I am buying a house and need a conveyancing solicitor in Liverpool who is on the Platform Home Loans conveyancing. Can you recommend a local solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Platform Home Loans . We don’t recommend any particular firm.
I am considering applying for a Platform Home Loans mortgage for purchase of a new build (under development) with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Platform Home Loans?
There is nothing to stop you using your solicitor but Platform Home Loans will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
For 5 years I had a mortgage with Platform Home Loans. My godfather retired last week and wants to pay off my mortgage. After Platform Home Loans is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Platform Home Loans conveyancing panel? I do not intend to live at the property once the Platform Home Loans mortgage is discharged.
You
will need a solicitor but they need not be on the Platform Home Loans conveyancing panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
My ex -wife’s name is on the Platform Home Loans mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Platform Home Loans mortgage in order to sell?
As regards the Platform Home Loans mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Platform Home Loans in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.
My offer on house has been accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What do I do now? When should I get the mortgage app going with Platform Home Loans?
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 Platform Home Loans 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 Platform Home Loans and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
Other Topics
Transfer of Equity for Platform Home LoansPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors