Pepper Money Conveyancing Panel Information

There are many reports available, five of which are as follows:

• Number of conveyancing cases by lender
• Average mortgage advance
• Evidence of undertaking logs
• Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
• Buy to Let transactions

Pepper Money approved solicitors are bound by 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 Pepper Money require, the deed of covenant on their behalf. You will need to check Pepper Money CML Part 2 conditions to see if Pepper Money 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 Pepper Money conveyancing panel

Given that your firm in is on the Pepper Money conveyancing panel and you are representing 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 Pepper Money are to lend, they may require indemnity insurance. In any event,you will need to check Pepper Money’s specific requirements. Notwithstanding whether Pepper Money will lend in such circumstances you still need to advise the borrower (unless you are acting for Pepper Money alone) as to the risks of buying a property with an insolvent or absentee landlord.

13 people attempt to locate a conveyancer on the Pepper Money panel every 4 weeks in Hendon. Feel free to contact the Lexsure team who will tell how your firm can be listed by those searching for conveyancing in Hendon.

The best placed professionals to answer this question are your insurance brokers. 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 Pepper Money solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You should contact Pepper Money to obtain standard documents. The CML Handbook includes an explicit section for lenders to establish who to contact to obtain standard documents. Pepper Money in their Part 2’s state: It is likely that you will need to disclose the firm’s Pepper Money solicitors panel number.