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Hodge Equity Release Conveyancing Panel: Recently Asked Questions
Hodge Equity Release has instructed me to represent them alone on a residential conveyancing transaction , using the CML Lender’s Handbook. The borrower has his own solicitor (not on the
Hodge Equity Release conveyancing panel) How does this work and are there different requirements from Hodge Equity Release in this circumstance?
The Council of Mortgage Lenders, together with
Hodge Equity Release and other members developed a standard set of requirements where a conveyancer is representing a lender such as Hodge Equity Release alone in a residential conveyancing transaction.
These obligations are contained at Part Three of the UK Finance Lenders’ Handbook and are to be read in conjunction with Sections One and Two.
The CML have published an example requirements letter to the borrower’s conveyancer for use by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel conveyancer.
Will the fact that my practice has signed up to Alerts via this site help in my application to join the Hodge Equity Release solicitor panel?
The requirements to join the Hodge Equity Release conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
My client is purchasing a detached house for £825k in London requiring a mortgage advance over GBP 500k.
I am on the
Hodge Equity Release conveyancing panel but do Hodge Equity Release have a separate approved panel when a mortgage is above 400,000?
Lexsure only know of a couple of lenders that operate a separate approved solicitors panel where the mortgage advance is over a certain threshold.
You should nevertheless check directly with
Hodge Equity Release. At one stage HSBC would only allow Sole
practitioners to act for them where the mortgage was below
£150,000. We are not sure if HSBC still operate such a condition. In
your case it is best to check with Hodge Equity Release
My firm is not on the
Hodge Equity Release conveyancing panel as well other banks.
My clients, who have applied for a mortgage with Hodge Equity Release still want me to act for them regardless of the fact that we are not on the
Hodge Equity Release panel. Am I doing anything wrong is suggesting to my client that they use a firm down the road to act for
Hodge Equity Release on mortgage aspect of the conveyancing?
Please tread carefully here as what you are suggesting may not be acceptable to the mortgage company.
It is possible that you (as a non-panel firm) or the mortgage applicant are not entitled instruct a panel firm of your choice. Many lenders make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender must appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancing firm.
You also need to make the costs implications and potential for delay very clear to your client.
I am a partner in a CQS firm on the Hodge Equity Release conveyancing panel. Do you have ideas as to how we can market our firm as carrying out conveyancing in Hendon authorised to act forHodge Equity Release?
6 consumers search for a property lawyer on the Hodge Equity Release panel on a monthly basis in Hendon. Please contact the team at lenderpanel.com to see how your firm can be found by those searching for conveyancing in Hendon.
my firm’s membership of the
Hodge Equity Release conveyancing panel was suspended but was reinstated on appeal, do I need to disclose this information on my CQS application?
It would be advisable to provide details of the date of removal, information on the reason for
removal, date of appeal and any reason given for reinstatement. This
should not adversely impact your firm’s application but gives the CQS team a complete picture of what has gone on.
My firm is listed on the
Hodge Equity Release
conveyancing panel and all set to complete a purchase shortly. My file does not contain a Mortgage Deed for the client to sign.
Who do I contact at Hodge Equity Release to obtain duplicate documents?
You would be advised to communicate with Hodge Equity Release
to obtain standard documents. The CML Handbook contains an individual question for lenders to establish who to contact to obtain standard documents.
Hodge Equity Release in their Part 2’s state:
It is likely that you will need to quote your Hodge Equity Release solicitors panel reference.
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Average number of days to register title including a charge in favour of Hodge Equity Release
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Hodge Equity Release Firms
- Draft Report on Title precedent for Hodge Equity Release borrowers
- Draft Anti Money Laundering PolicyTemplate for Hodge Equity Release panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Hodge Equity Release lender panel
- Buy-to-Let help for Hodge Equity Release
- Consent-to-Let help for Hodge Equity Release
- Contractor Mortgages with Hodge Equity Release