LendInvest Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by LendInvest and to assist in remaining on the LendInvest Conveyancing Panel.

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How does my firm apply to be on the LendInvest Conveyancing Panel?

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How can my firm be reinstated onto the LendInvest Conveyancing Panel?

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LendInvest Solicitor Panel: Recently Asked Questions

Do you have any idea what Lenders such as LendInvest are asking for when it comes to applying to be on their approved conveyancing panel?

Although not necessarily published, lenders have varying criteria . We do not hold specific requirements relating to the questions raised as part of the application to be on the LendInvest conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

top-up split and history of any refusals

Details of any accreditation e.g. Lexcel or

Charge registration history

Full complaints history for each licensed conveyancer

The percentage of the firm’s business which is conveyancing (broken down into sale

SRA or equivalent regulator registration number where applicable

Full complaints history for each conveyancing solicitor

Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers

Whether the firm has ever applied for accreditation and the outcome of the application

Structure of firm and, where applicable, its group

I have read a number of legal articles recently about firms being sued for non-compliance with Part 2 requirements . I am on the LendInvest conveyancing panel can you tell me how Part 2 changes took place by LendInvest during 2013?

During 2013, 0 sections of the UK Finance Lenders’ Handbook P2 were changed by LendInvest. Some changes are more important than others but as a firm on the LendInvest conveyancing panel you are of course obliged to comply with individual lender requirements, as set out in Part II of the UK Finance Lenders’ Handbook. Locktons have recently pointed out in an article that non-compliance with Part 2 requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.

Remember: CML requirements are not guidelines; they are the lender client’s instructions.

I noticed the following question on my PI renewal form this year ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the UK Finance Lenders’ Handbook?’ My firm is on numerous lender panels including the LendInvest conveyancing panel. We have Terms and Conditions of appointment which we are duty bound to comply with. Am I supposed to mention these Conditions ?

The concern here is if you are expect to enter into ‘more onerous’ conditions that than the Handbook obligations. You have to try and take an objective view as to whether the Terms relating to the LendInvest conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the UK Finance Lenders’ Handbook Conditions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before completing the answer.

My firm is on the LendInvest conveyancing panel. I am dealing with LendInvest mortgage on a purchase. My borrower client is asking not to disclose an issue to LendInvest. What do I do in this conflict situation?

When a solicitor is acting for both LendInvest and borrower there is potential for conflicts to arise. You owe duties to both clients. All information received by you from your client is confidential and cannot be disclosed without the client’s consent. In the situation you find yourself in if the purchaser will not consent to the information being passed on to the lender the solicitor must cease to act for the LendInvest and it may well be prudent you to cease to act for the purchaser as well. You can not tell the LendInvest the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your LendInvest conveyancing panel status.

My conveyancing assistant has resigned on short notice. I urgently need to prioritise making sure that charges are registered. That said, how quickly do I need to send deeds to LendInvest once the charge is registered before my firm runs the risk of being suspended off the conveyancing panel for LendInvest?

LendInvest will likely expect the deeds to be sent to them within 10 days of you receiving the TID (unless their specific P2 requirements specifically state that they you are not to send them anything). Most COTs refer to complying with the Certificate of Title referred to in IB (3.7) of the SRA Code of Conduct 2011, published by the Law Society which states that you ‘will despatch to you such deeds and documents relating to the Property as you require with a list of them in the form prescribed by you within ten working days of receipt by us of the title information document from the Land Registry’ As to whether the lender will suspend your panel status this very much varies according to the lender’s own internal policies The more cases you have the more risk you face. Some lenders may take action if there records show that the deeds are outstanding for more than 3 matters. The fact is that if you keep within the time frame then you will have more chance of remaining on the LendInvest conveyancing panel.

Will CQS membership guarantee my firm’s acceptance on to lenders conveyancing panels?

CQS accreditation gives no guarantee to lender panel acceptance. Nevertheless the Council of Mortgage Lenders have indicated that it is likely to become a prerequisite for firms wishing to remain on their approved list of conveyancing solicitors. A number of Lenders now use the Conveyancing Quality Scheme accreditation as the starting point for Panel membership such as Astra Mortgages.

My firm is listed on the LendInvest conveyancing panel and all set to complete a remortgage within the next week. I can not locate a Legal Charge for the client to sign. Who do I contact at LendInvest to get a duplicate Deed?

You would be advised to contact LendInvest to obtain standard documents. The CML Handbook has an explicit question for lenders to cite who to contact to obtain standard documents. LendInvest in their Part 2’s state:

It helps to disclose your LendInvest solicitors panel reference.

Find a Lawyer on the LendInvest Conveyancing Panel

Average number of days to register title including a charge in favour of LendInvest

This information relates to purchase only and not remortgages.

Year	Days*
2025	[no data]
2024	[no data]
2023	[no data]
2022	[no data]
2021	[no data]
2020	[no data]

* Data aggregated from sources including COMPLETIONmonitor

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Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors