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FAQs : The Investec Conveyancing Panel
My Conveyancer has never been on on the Investec Solicitor Panel. Is it possible for me to continue with my family solicitor notwithstanding that they are excluded from the Investec approved list?
You have a number of options available to you here:
- Complete the purchase with your existing lawyers but Investec will need to instruct a lawyer on the Investec conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Investec conveyancing panel.
- Convince your lawyer to do everything within their powers to join the Investec conveyancing panel
Can you clarify something for me?. My lawyer is not to blame but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Investec was dated random date and we have agreed a date for me to move into the property on Tues etc. My lawyer says that as she is on the Investec conveyancing panel she needs to reorder the searches as they are no longer valid.
One of the many conditions to being on the Investec approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Investec)which specifies that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Investec.
Are there any apps to help find a local solicitor on the Investec conveyancing panel? I have a car and am prepared to travel up to 10 kilometers to meet the conveyancer.
Feel free to make use of the find a conveyancing panel search on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Investec solicitor panel.
My conveyancers in Newcastle have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with Investec. Is it case that being on the Investec conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Investec Conveyancing Panel Terms. It might be worth you contacting Investec directly.
Do conveyancing solicitors on the Investec conveyancing panel work on a no move no charge basis?
On the whole there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to move forward? I hope to get a mortgage with Investec. Is there anyway to cut out the solicitors to save on the costs? 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 Investec involved you will need to appoint a solicitor on the Investec 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 Investec. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Investec conveyancing panel.
Me and my partner are remortgaging a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon are preferred to beinstructed. My fatherrecommended that we enquire that the solicitor in Hendon is on the Investec list of approved conveyancing firms. Surely I don't need to do this, do I?
A limited percentage of Hendon conveyancing practices are on the Investec conveyancing panel. 8 people a month use our search tool to search for a Hendon conveyancing lawyer on the on the Investec solicitors pane.
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