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Platform Solicitor Panel: Recently Asked Questions
Are Platform Conveyancing panel lawyers under an obligation to disclose incentives?
Platform’s answer to this question can be found at section 6.4.4 of their CML Part 2 requirements
Can my firm register a complaint to the CML about being removed from the Platform conveyancing panel?
The Council of Mortgage Lenders is an association rather than a regulator and therefore will not investigate complaints against lenders. You can of course contact Lexsure to see if we can help.
Do I face suspension off the
Platform solicitor panel if I have not sent the TID on a purchase within a certain time frame from draw-down of funds?
One might ordinarily expect
Platform via their Part 2 conditions to address this but the Handbook is silent on time frames. Do look at the Terms of
Platform’s Conveyancing Panel Appointment that you previously signed. For a number of banks these Terms include a clause such as:
‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is important to keep
Platform updated.
Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.
My practice have never been on the
Platform conveyancing panel as well other banks.
My clients, who have applied for a mortgage with Platform still want me to act for them even though I am not on the
Platform panel. Is it fine for me to use a firm down the road to act for
Platform on mortgage aspect of the conveyancing?
You need to be careful here as what you are suggesting may not be acceptable to the mortgage company.
It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. Many lenders make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender will appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancer.
You also need to make the costs implications and potential for delay very clear to your client.
We are a 3-partner firm on the Platform conveyancing panel. How can we advertise our firm as conducting conveyancing in Hendon on the Platform panel?
9 potential conveyancing clients search for a property lawyer on the Platform panel each month in Hendon. The lenderpanel directory service team who will show you how your firm can be identified by those searching for conveyancing in Hendon.
my firm’s 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 negatively affect your application but gives the CQS team viability as to what has happened.
Our practice is on the
Platform
conveyancing panel and all set to complete a purchase within the next week. My papers do not include a Mortgage Deed for the client to sign.
Who do I contact at Platform to request substitute deeds?
You need to contact Platform
to obtain standard documents. The The Council of Mortgage Lenders Handbook includes an express section for banks to reveal who to contact to obtain standard documents.
Platform in their Part 2’s state:
Please remember to disclose your Platform conveyancing panel number.
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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* |
---|---|
2025 | [no data] |
2024 | [no data] |
2023 | [no data] |
2022 | [no data] |
2021 | [no data] |
2020 | [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