Hinckley and Rugby Conveyancing Panel Information

The majority of lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with Hinckley and Rugby as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Hinckley and Rugby we suggest that you call Hinckley and Rugby to check the position.

What you should do largely depends on the reason that your firm has been removed off the Hinckley and Rugby conveyancing panel. The top 3 reasons are as follows:

1. lack of transactions
2. the lawyer is a sole practitioner
3. as part of the HSBC panel reduction.

In these three circumstances it is unlikely that you would expected to take any action. Disclosure and other compliance considerations are more likely to be relevant if the reason for removal is due to breaches of lender requirements or allegations of fraud or negligence. Whether the reasoning should trigger a disclosable 'material' breach will depend on the firm and the circumstances around possible failures to comply with the SRA Authorisation Rules, and the SRA will judge each case on its own merits. Factors such as the detriment or risk of detriment to clients, the scale of the issue and overall impact on the firm will need to be considered in deciding whether a failure is 'material'. As the COLP you will need systems to identify patterns of breaches. Even if you don't consider there to be regulatory implications the firms COFA should give some thought to whether she/he needs to take any action as result of being removed from the Hinckley and Rugby conveyancing panel.

8 potential conveyancing clients attempt to locate a solicitor on the Hinckley and Rugby panel each month in Hendon. Please contact the team at lenderpanel.com to see how your firm can be identified by those searching for conveyancing in Hendon.

Your insurance brokers are your best port of call to address this question. The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for Hinckley and Rugby solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You should get in touch with Hinckley and Rugby to obtain standard documents. The CML Handbook includes a specific section for lenders to enumerate who to contact to obtain standard documents. Hinckley and Rugby in their Part 2’s state: It helps to quote your Hinckley and Rugby conveyancing panel reference.