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Ready to buy a new home? Failing to check that a lawyer is on the LiveMoreCapital 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 LiveMore Capital Conveyancing Panel? How can my firm be reinstated onto the LiveMore Capital Conveyancing Panel?Find an Approved Solicitor on the LiveMore Capital Conveyancing Panel
Frequently asked questions relating to the LiveMore Solicitor Panel
My mortgage broker has asked me for my solicitor’s panel member for the LiveMore conveyancing panel. How do I discover this. I have e-mailed my local LiveMore branch but they have not responded to me.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for LiveMore.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company LiveMore will not agree to this. Why was LiveMore even consulted?
Your lawyer being on the LiveMore conveyancing panel is duty bound to inform LiveMore of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to LiveMore then they would have to discontinue acting for you and LiveMore.
Do all the licensed conveyancers and solicitor practices listed on your search have online case tracking as I was under the impression that this was a precondition of being on the LiveMore conveyancing panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
I am considering applying for a LiveMore mortgage for purchase of a new build (under development) with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for LiveMore?
There is nothing to stop you using your solicitor but LiveMore will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Do conveyancing lawyers on the LiveMore conveyancing panel work on a no move no charge basis?
There is generally 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
On the whole I have been dissatisfied with the level or service received from my lawyer. Is there a LiveMore conveyancing panel complaints department or do I complain directly to the law firm?
There is little point in complaining directly to LiveMore. All solicitors and conveyancer must have a complaints procedure. Usually one can find this information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is properly dealt with by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What should be my next step? At what point should I appy for the mortgage with LiveMore?
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 LiveMore 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 LiveMore and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
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Transfer of Equity for LiveMorePlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors