Legal & General Home Finance Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Legal & General Home Finance and to assist in remaining on the Legal & General Home Finance Solicitor Panel.

Legal & General Home Finance Conveyancing Panel: Recently Asked Questions

Are Legal & General Home Finance Conveyancing panel lawyers under an obligation to disclose incentives?
Legal & General Home Finance’s answer to this question can be found at section 6.4.4 of their CML Part 2 requirements

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I am on the Legal & General Home Finance conveyancing panel. Can I get an archived copy of a Legal & General Home Finance Part 2 from the CML?
The Council of Mortgage Lenders do not keep data sets of the Part 2's pre-December 2010. We would recommend you contact Legal & General Home Finance directly.
Can you recommend what we should do if we wish to appeal being removed from the Legal & General Home Finance approved solicitor list?
If you are removed from the Legal & General Home Finance conveyancing panel and you are unaware of or disagree with the reasons for your removal you should: (a) Contact Legal & General Home Finance directly. (b) If there is an appeals process detailed on your letter you should follow the process.

In appealing a decision by Legal & General Home Finance, it may be useful to provide the following information:

  • Comprehensive account of your conveyancing history
  • A copy of your COMPLETIONmonitor reports if you use that service
  • Your recent claims history
  • Full details of all employees in your practice and their role.
  • Note down if a solicitor has been admitted to the role on completion of the Qualified Lawyers Transfer Test.
  • Provide duplicate practising certificates, the firm's current PII schedule and the firm’s accountant's certificate, calculating what % of the firm's gross fee income is resulting from residential conveyancing transactions

It is encouraging that some conveyancing firms have been able to regain membership to panels notwithstanding the policy by the respective lenders to refuse panel membership to firms with certain profiles or characteristics. Success is primarily due to the firms’ ability to persuade the lender to make an exception if there is sufficient evidence to reassure them that the firm has a healthy attitude towards risk mitigation.

Where can I find the Legal & General Home Finance conveyancing panel obligations in respect of Transfer of Equity Conveyancing?
Legal & General Home Finance approved panel lawyers have to comply with the Part II instructions relating to Transfer of Equity. These are set out in Section 16.3. First, your firm must approve the form of Transfer of Equity (which should be in the Land Registry's standard form) and, if Legal & General Home Finance require, the deed of covenant on their behalf. You will need to check Legal & General Home Finance CML Part 2 conditions to see if Legal & General Home Finance have standard forms of transfer and deed of covenant. Please note that this requirement can change from one transaction to another so do check! Second,When drafting or approving a transfer, you should bear in mind that: although the transfer should state that it is subject to the mortgage (identified by date and parties), it need give no details of the terms of the mortgage; the transfer need not state the amount of the mortgage debt. If it does, the figure should include both principal and interest at the date of completion, which you must check ; there should be no statement that all interest has been paid to date. Further obligations are set out in the UK Finance Lenders’ Handbook which have to be followed by all firms on the Legal & General Home Finance conveyancing panel
In carrying out leasehold title investigations do Legal & General Home Finance conveyancing panel lawyers have to examine whether there is an absentee freeholder?
On the basis that your practice in is on the Legal & General Home Finance conveyancing panel and you are instructed by them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If Legal & General Home Finance are to lend, they may require indemnity insurance. In any event,you will need to check Legal & General Home Finance’s specific requirements. Notwithstanding whether Legal & General Home Finance will lend in such circumstances you still need to advise the borrower (unless you are acting for Legal & General Home Finance alone) as to the risks of buying a property with an insolvent or absentee landlord.
my firm’s membership of the Legal & General Home Finance 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 supply 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 viability as to what has occured.
I am on the Legal & General Home Finance 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 Legal & General Home Finance to request substitute deeds?
You would be advised to get in touch with Legal & General Home Finance to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an express inquiry for lenders to set out who to contact to obtain standard documents. Legal & General Home Finance in their Part 2’s state:
Please remember to disclose the firm’s Legal & General Home Finance solicitors panel reference.

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Average number of days to register title including a charge in favour of Legal & General Home Finance
This information relates to purchase only and not remortgages.
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2022 [no data]
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2020 [no data]
2019 [no data]
2018 [no data]
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* Data aggregated from sources including COMPLETIONmonitor