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approved by Landmark
Ready to buy a new home? Failing to check that a lawyer is on the Landmark 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 Landmark Mortgages Limited Conveyancing Panel? How can my firm be reinstated onto the Landmark Mortgages Limited Conveyancing Panel?Find an Approved Solicitor on the Landmark Mortgages Limited Conveyancing Panel
Landmark Mortgages Conveyancing Panel : Questions and Answers
For what reasons would a law firm be removed from the Landmark Mortgages approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been excluded from a lender panel. The top reasons in order are :
- lack of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Landmark Mortgages
We are getting closer to an exchange and my parents having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Landmark Mortgages. Apparently, being on the Landmark Mortgages conveyancing panel and acting on their behalf he must inform Landmark Mortgages if the balance of the mortgage advance is coming from anyone other than me. I disclosed to the bank about my parent’s contribution when I applied for the home loan so is it really necessary for him to raise this?
Your lawyer is obliged to check with Landmark Mortgages to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Landmark Mortgages if you agree, failing which, your lawyer must cease to continue acting.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the Landmark Mortgages conveyancing panel solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Bristol
so that I can attend their offices when needed.
Most conveyancing panel lawyers for Landmark Mortgages 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.
We're in Liverpool, FTBs purchasing with a mortgage (lender is Landmark Mortgages , but our solicitor is on the Landmark Mortgages conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Landmark Mortgages 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
When it comes to lenders such as Landmark Mortgages do lawyers have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Two weeks ago we had a mortgage agreed in principle with Landmark Mortgages. Solicitors have been appointed? How long does it take for Landmark Mortgages to send the offer to our conveyancer
Some lenders take longer than others. Have Landmark Mortgages conducted the survey? Have you advised Landmark Mortgages as your lawyers details and checked that your lawyer is on the Landmark Mortgages conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
Landmark Mortgages 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 Landmark Mortgages or your broker and complete any relevant paperwork. Landmark Mortgages will tell you what documents they want. Landmark Mortgages 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. Landmark Mortgages 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.
Other Topics
Transfer of Equity for Landmark MortgagesPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors