Looking for information about your firm's panel status?
LendInvest Conveyancing Panel: Recently Asked Questions
Does the fact that my firm receives Alerts via this site assist in my application to join the LendInvest conveyancing panel?
The requirements to join the LendInvest conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
Can you suggest any advice if we wish to challenge being removed from the
LendInvest conveyancing panel?
If you are removed from the
LendInvest conveyancing panel and you are unaware of or disagree with the reasons for your removal you should: (a) Contact
LendInvest directly. (b) If there is an appeals process detailed on your letter you should follow the process.
In appealing a decision by LendInvest, it may be useful to provide the following information:
- Comprehensive account of your conveyancing history
- Your COMPLETIONmonitor reports, assuming you use the Lexsure software
- Your recent claims history
- comprehensive details of all employees in your firm 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 professional indemnity policy and your accountant's certificate, summarising the % of the firm's gross fee income is generated from residential conveyancing
On appeal 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. The 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.
Are the Council of Licensed Conveyancers taking any action to ensure that licensed conveyancers remain on lender conveyancing panels?
As is the case with the Law Society the Council of Licensed Conveyancers has begun dialogue with lenders and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than via ad hoc arrangements that can differ from lender to lender. We expect that that the CLC have been in touch with lenders such as
LendInvest as well as the CML.
Do banks such as
LendInvest run an independent conveyancing panel for buy to let mortgages?
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
LendInvest as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from
LendInvest we suggest that you call
LendInvest to check the position.
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 a number of approved panels including the
LendInvest conveyancing panel. We have Terms and Conditions of appointment which we have to follow. Should I reference these Terms ?
The key here is the caveat ‘more onerous’.
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.
Will CQS accreditation secure my firm’s acceptance on to lenders conveyancing panels?
The Law Society’s CQS membership gives no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to join their panels. Some Lenders now use CQS as the starting point for Panel acceptance such as Astra Mortgages.
My firm is listed on the
LendInvest
conveyancing panel and all set to complete a purchase within the next few weeks. 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 get in touch with LendInvest
to obtain standard documents. The The Council of Mortgage Lenders Handbook includes an individual inquiry for banks to cite who to contact to obtain standard documents.
LendInvest in their Part 2’s state:
You will need to quote the firm’s LendInvest solicitors panel number.
Find a Lawyer on the LendInvest Conveyancing Panel
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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* |
|---|---|
| 2021 | [no data] |
| 2020 | 52.7 |
| 2019 | [no data] |
| 2018 | [no data] |
| 2017 | [no data] |
| 2016 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
