Precise Mortgages Conveyancing Panel Information

UK Finance Designator: Precise Mortgages (Charter Court Financial Services Ltd)
Jurisdiction: England and Wales

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Precise Mortgages and to assist in remaining on the Precise Mortgages Solicitors Panel.

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Precise Mortgages Conveyancing Panel: Recently Asked Questions

I am on the Precise Mortgages conveyancing panel. Can I get an archived copy of a Precise Mortgages Part 2 from the CML?
The Council of Mortgage Lenders do not hold data sets of the Part 2's Pre January 2011. The CML recommend you make a request of Precise Mortgages directly.

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Can my firm register a complaint to the CML about being suspended from the Precise Mortgages conveyancing panel?
The Council of Mortgage Lenders is an association rather than a regulator and therefore do not investigate complaints against lenders. You can of course contact Lexsure to see if we can help.
Precise Mortgages has instructed me to conduct due diligence for them alone on a residential conveyancing matter , using the CML Lender’s Handbook. The borrower has his own solicitor (not on the Precise Mortgages conveyancing panel) How does this work and are there different requirements from Precise Mortgages in this case?
The CML, together with Precise Mortgages and other members created a standard set of requirements where a conveyancer is acting for a lender such as Precise Mortgages alone in a residential conveyancing matter. These obligations are contained at Part Three of the UK Finance Lenders’ Handbook and are to be read in conjunction with Part I and II. The CML have published an example requirements letter to the borrower’s lawyer for adaptation by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel conveyancer.
Does the fact that my practice subscribes to LENDERmonitor Alerts help in my application to join the Precise Mortgages solicitor panel?
The criteria to join the Precise Mortgages conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
Do publish figures exists revealing the Precise Mortgages conveyancing panel size and the number of conveyancing firms dismissed each year?
With lenders and conveyancing firms working so closely together it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the Precise Mortgages conveyancing panel but for all bank panel listings
My firm has just been advised that it’s Precise Mortgages panel membership terminated but we have not yet been given an explanation yet. I am completing a CQS application form what details must I disclose?
In the circumstances please clarify on the form what steps you have taken to discover 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 cessation of your panel membership did you receive any letters or calls from the lender informing you as to why they reached this decision?
Our practice is on the Precise Mortgages conveyancing panel and scheduled to complete a remortgage within the next week. My papers do not include a Mortgage Deed for the client to execute. Who do I contact at Precise Mortgages to obtain duplicate documents?
You need to communicate with Precise Mortgages to obtain standard documents. The The Council of Mortgage Lenders Handbook includes an individual section for banks to enumerate who to contact to obtain standard documents. Always remember to disclose the firm’s Precise Mortgages solicitors panel number.

Recent Changes Include

# Date Assoc. Changes Related To
6.7.1 25/06/2018 CML
14.1.4 18/12/2015 CML
10.2b 11/05/2015 CML
16.4.2 11/05/2015 CML
5.7.1b 11/05/2015 CML Flying Freehold Indemnity Insurance
6.6.3 11/05/2015 CML
3.1.4 01/12/2014 CML
6.14.4 01/12/2014 CML
6.14.1 01/12/2014 CML
6.7.6 16/06/2014 CML

Last update 14/08/2018

Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors

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