Precise Mortgages Conveyancing Panel Information

No such training is arranged by the CML however they do arrange numerous general conveyancing related conferences which are attended by firms on the Precise Mortgages conveyancing panel. Lexsure intend to run specific lender focused seminars in the near future including a webinar on Precise Mortgages’s Part 2 requirements. Practitioners on the Precise Mortgages conveyancing panel are welcome. Information about the webinar will be made available as part of the LENDERmonitor P2 change Notifications.

You might expect Precise Mortgages via their Part Two conditions to address this but the Handbook makes no mention on deadlines to send deeds. You need to look at the Terms of Precise Mortgages’s Conveyancing Panel Appointment that you entered into. For many lender's these Terms contain a provision 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 Precise Mortgages informed. Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.

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 Precise Mortgages 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 moving forward on this question.

12 potential conveyancing clients attempt to locate a conveyancing practitioner on the Precise Mortgages panel every 4 weeks in Hendon. The lenderpanel directory service team who will show you how your firm can be listed by those searching for conveyancing in Hendon.

In the circumstances please clarify on the form what steps you have taken to find out the reasons behind cancellation of your Precise Mortgages panel membership. In particular please provide details if you have received communications from the lender. E.G. before revocation of your panel membership did you receive any letters or calls from the lender putting you on notice?

You need to communicate with Precise Mortgages to obtain standard documents. The CML Handbook includes an individual section for lenders to set out who to contact to obtain standard documents. Precise Mortgages in their Part 2’s state: Don’t forget to disclose the firm’s Precise Mortgages solicitors panel number.