Find a Law Firm
approved by Intelligent Finance

You will need to have a conveyancer complete the legal work required when you take out a Intelligent Finance mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Intelligent Finance conveyancing panel additional costs will be incurred as separate legal representation will be required by Intelligent Finance. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.

Your lawyer is obliged to check with Intelligent Finance 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 Intelligent Finance if you agree, failing which, your lawyer must cease to continue acting.

Unfortunately it’s not apparent why you need a Intelligent Finance panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Intelligent Finance to find out which solicitors in Intelligent Finance are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month

Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Intelligent Finance conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Intelligent Finance conveyancing panel in your location.

obtaining recommendations is a sensible starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor carrying out your conveyancing

Banks and Building Societies such as Intelligent Finance can revoke their mortgage offer although this rarely happens. If Intelligent Finance withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are a number of examples:

• If the borrower informs Intelligent Finance of a change in the loan amount agreed

• Amendments if purchase price adjusted and the loan to value limits exceeded by this. Please note that Intelligent Finance conveyancing panel solicitors would be obliged to notify Intelligent Finance of a change in the price of the property.

• Following advice from the property assessor on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion

• Where the sale is not at arms length for value to unconnected persons

• Where the Lender’s right to possession is fettered in some way

Intelligent Finance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Intelligent Finance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Intelligent Finance you could contact your them to see if they have a list of approved surveyors.