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Platform Solicitor Panel: Recently Asked Questions
Platform have asked me to conduct due diligence for them alone on a residential conveyancing transaction , using the CML Lender’s Handbook. The borrower has his own solicitor (not on the
Platform conveyancing panel) How will this operate and are there different instructions from Platform in this situation?
The CML, along with
Platform and other stakeholders developed a standard set of instructions where a solicitor is representing a lender such as Platform alone in a residential conveyancing matter.
These obligations are contained at Part 3 of the UK Finance Lenders’ Handbook and are to be followed in conjunction with Parts 1 & 2.
The CML have published an example requirements letter to the borrower’s lawyer 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 solicitor.
An established client of mine is purchasing a detached house for £825k in London with a mortgage over GBP 500k.
I am on the
Platform conveyancing panel but do Platform have a separate approved panel when the advance is above 400,000?
We only know of two or three banks that operate a distinct conveyancing panel where the mortgage advance is over a certain amount.
You should nevertheless check directly with
Platform. 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 Platform
My lawyers pass me the odd LENDERmonitor email but I don't see that many important changes. By way of illustration, I am on the
Platform conveyancing panel and receive a notification simply telling me a change of address. Does that matter?
Yes it does matter because sending a communication or deeds to the wrong address can cause delays that might not only affect your borrower client but also affect your ability to remain on the
Platform conveyancing panel. Is possible next month that Platform change their requirements as to where their panel firm send the deeds.
Do you update the details in your case management system? Is this recorded anywhere? Is this communicated to the staff? In your Certificate of Title to Platform you are giving assurances that you will send the deeds within 10 days of receiving the TID. Leaving to one side whether you are in breach of an undertaking in sending it to the wrong address, you run the risk of
Platform suspending you off the panel because they are not receiving the deeds in accordance with the COT. It will not be a valid excuse to say that you sent it to an out of date postal address or DX details.
My partners and I run a small firm on the Platform conveyancing panel. How can we advertise our practice as carrying out conveyancing in Hendon authorised to act forPlatform?
14 people attempt to locate a property lawyer on the Platform 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.
Our membership of the
Platform conveyancing panel was revoked but was reinstated on appeal, do I need to disclose this information on my application for CQS accreditation?
You should 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 application but gives the CQS team a complete picture of what has gone on.
My firm is listed on the
Platform
conveyancing panel and due to complete a purchase shortly. I can not locate a Mortgage Deed for the client to sign.
Who do I contact at Platform to obtain duplicate documents?
You should get in touch with Platform
to obtain standard documents. The CML Handbook incorporates an individual inquiry for banks to set out who to contact to obtain standard documents.
Platform in their Part 2’s state:
It helps to disclose the firm’s Platform conveyancing panel number.
Find a Lawyer on the Platform Solicitors Panel
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Average number of days to register title including a charge in favour of Platform
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 Platform Firms
- Draft Report on Title precedent for Platform borrowers
- Draft Anti Money Laundering PolicyTemplate for Platform panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Platform lender panel
- Buy-to-Let help for Platform
- Consent-to-Let help for Platform
- Contractor Mortgages with Platform
