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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.
Looking for information about your firm's panel status?
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
I am hoping to receive a offer of a mortgage from Vida Homeloans. I hope to retain the legal services of a Licensed Conveyancer. Does the Vida Homeloans Conveyancing panel include conveyancers regulated by the CLC
Vida Homeloans’s approved solicitor list is, like many other lenders associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
My lawyer has spotted an inconsistency between the assumptions in Vida Homeloans’s home valuation report and what is revealed within the conveyancing documents. My solicitor says that as he is on the Vida Homeloans conveyancing panel he is duty bound to check that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s approach legitimate?
A precondition to being on the Vida Homeloans approved panel is to comply with the CML Handbook requirements (last updated for this lender on Vida Homeloans) 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 both parties.
I am purchasing a property and need a conveyancing solicitor in Manchester who is on the Vida Homeloans solicitor. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Vida Homeloans . We don’t recommend any particular firm.
We're in London, First time buyers purchasing with a mortgage (lender is Vida Homeloans , but our lawyer is on the Vida Homeloans conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Vida Homeloans conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
I have today made my last payment due on 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. Please confirm
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.
I currently have a mortgage with with Vida Homeloans. Conveyancing has been completed 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Vida Homeloans?
You must advise Vida Homeloans prior to letting out your property as this is likely to be a breach of Vida Homeloans’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Vida Homeloans directly. You need not do this via a Vida Homeloans conveyancing panel firm.
Vida Homeloans 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 Vida Homeloans or your broker and complete any relevant paperwork. Vida Homeloans will tell you what documents they want. Vida Homeloans 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. Vida Homeloans 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.
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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