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approved by Aviva Equity Release
Ready to buy a new home? Failing to check that a lawyer is on the Aviva Equity Release 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 Aviva Equity Release UK Ltd Conveyancing Panel? How can my firm be reinstated onto the Aviva Equity Release UK Ltd Conveyancing Panel?Find an Approved Solicitor on the Aviva Equity Release UK Ltd Conveyancing Panel
Examples of recent questions relating to the Aviva Equity Release Solicitor Panel
I am hoping to receive a mortgage with Aviva Equity Release. I would like to retain the legal services of a Licensed Conveyancer. Does the Aviva Equity Release Solicitor panel exclude conveyancers regulated by the CLC
Aviva Equity Release’s conveyancing panel is, like many other lenders associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
We are getting closer to an exchange and my parents having sent 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 Aviva Equity Release. Apparently, being on the Aviva Equity Release conveyancing panel and acting on their behalf he must inform Aviva Equity Release if the balance of the mortgage advance is not just from me. I advised the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for him to raise this?
Your lawyer is obliged to check with Aviva Equity Release 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 Aviva Equity Release if you agree, failing which, your lawyer must cease to continue acting.
Whilst your website is a good idea there are many lawyers listed near Newcastle on the Aviva Equity Release conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Aviva Equity Release ?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
I am considering applying for a Aviva Equity Release mortgage for purchase of a newly converted (under development) with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Aviva Equity Release?
There is nothing to stop you using your solicitor but Aviva Equity Release will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Are all Conveyancing Quality Solicitors on the Aviva Equity Release conveyancing panel?
Some major lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
Do most banks 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 Aviva Equity Release conveyancing panel requirements are different to Aviva Equity Release’s conveyancing panel criteria.
At last I have had an offer on an apartment accepted, but there is a chain. 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 Aviva Equity Release?
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 Aviva Equity Release 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 Aviva Equity Release 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 Aviva Equity ReleasePlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors