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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
I would like to know the reason why all UK lawyers are not on the Platform Home Loans Conveyancing panel?
Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year. The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to banks and building societies purging less reputable firms off their books
Please assist. My lawyer is not to blame but, my purchase conveyancing has been going on for months. The Local Authority Search from Platform Home Loans was dated random date and we have agreed a date for me to move into the property on 6 months + 3. My solicitor says that as she is on the Platform Home Loans conveyancing panel she needs to redo the searches as they are no longer valid.
A precondition to being on the Platform Home Loans approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Platform Home Loans)which specifies that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Platform Home Loans.
Do I need to pop into the offices of the Platform Home Loans conveyancing panel solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Newcastle
so that I can pop in to their offices if required.
Most conveyancing panel lawyers for Platform Home Loans undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
I was due to complete on my dream home two days ago. My lawyer’s firm is on the Platform Home Loans conveyancing panel but has moved offices in the past couple of months and had not informed Platform Home Loans of their new address. Platform Home Loans is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Platform Home Loans branch or your mortgage broker to see if they can help.
Do most 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 Platform Home Loans conveyancing panel requirements are different to Platform Home Loans’s conveyancing panel criteria.
Platform Home Loans have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Platform Home Loans or your broker and complete any relevant paperwork. Platform Home Loans will tell you what documents they want. Platform Home Loans will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Platform Home Loans will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
My husband and I are purchasing a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon need to beappointed. My friendsuggested that we make sure that the conveyancing practitioner in Hendon is on the Platform Home Loans approved list of lawyers. Is this really necessary?
Far from all Hendon conveyancing firms are on the Platform Home Loans conveyancing panel. Use the above search tool to search for a Hendon conveyancing practitioner on the on the Platform Home Loans approved list of lawyers.
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Transfer of Equity for Platform Home LoansPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors