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approved by VidaHomeloans
Ready to buy a new home? Failing to check that a lawyer is on the VidaHomeloans 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 Vida Homeloans Conveyancing Panel? How can my firm be reinstated onto the Vida Homeloans Conveyancing Panel?Find an Approved Solicitor on the Vida Homeloans Conveyancing Panel
Examples of recent questions relating to the Vida Homeloans Conveyancing Panel
A conveyancer my husband and I wanted to use for conveyancing on a remortgage said she will levy higher legal fees if my mortgage is with Vida Homeloans due to their difficult processes! Am I likely to be frustrated using Vida Homeloans? Is Vida Homeloans conveyancing so much more difficult?
Vida Homeloans conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Vida Homeloans conveyancing panel. If they are not, this does add further risk of delay as Vida Homeloans will appoint their own solicitors to look after their interest.
Our god-son is in the process of securing a house that has just been built with a home loan from Vida Homeloans. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Vida Homeloans conveyancing panel as a standard part of the process, and to the valuer when requested.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Vida Homeloans conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
How up to date is your search tool for the Vida Homeloans conveyancing panel? Do Vida Homeloans send you an updated list?
The law firm practices themselves provide us confirmation that they are on the Vida Homeloans conveyancing panel as opposed to being supplied with a list from Vida Homeloans directly.
I am attempting to get my ex-husband taken off the mortgage deeds. Can Vida Homeloans really insist on which solicitor I can or can not retain?
You can use any solicitor you like but Vida Homeloans then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Vida Homeloans solicitors panel
I was thinking of purchasing my friend’s property. Once we agree a price, what’s the best way to move forward? I plan to obtain a mortgage with Vida Homeloans. Is there anyway to cut out the solicitors to save us both money? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Vida Homeloans involved you will need to appoint a solicitor on the Vida Homeloans conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Vida Homeloans. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Vida Homeloans conveyancing panel.
I have paid off my mortgage with Vida Homeloans. I assume I don't need a solicitor on the Vida Homeloans panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Vida Homeloans mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Vida Homeloans mortgage from the register. Vida Homeloans,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Vida Homeloans has sent the Land Registry the discharge electronically, and
the Vida Homeloans has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Vida Homeloans mortgage has been paid off.
My existing mortgage is with Vida Homeloans. My godfather has just retired and wants to pay off the mortgage left on the property. After Vida Homeloans is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Vida Homeloans conveyancing panel? I do not intend to live at the property once the Vida Homeloans mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Vida Homeloans 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. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.
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Transfer of Equity for Vida HomeloansPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors