Rooftop Mortgages Conveyancing Panel Information

Although not necessarily published, lenders have varying criteria . We do not hold specific requirements relating to the questions raised as part of the application to be on the Rooftop Mortgages conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

Full disciplinary history for each licensed conveyancer

Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers

Details of any accreditation e.g. Lexcel or

Structure of firm and, where applicable, its group

List of fee-earners who are foreign qualified

Charge registration history

Whether the firm has ever knowingly accepted instructions on transactions involving Sale and Rent Back, Back to Back, Exchange and Delayed Completion and Lease Option, Below Market Value.

Summary of annual accounts

Whether any lender has ever made a claim against the firm’s PII cover

The percentage of the firm’s business which is conveyancing (broken down into sale

The CLC has entered discussions with banks and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than via ad hoc arrangements that can differ from lender to lender. It is likely that that the CLC have been in touch with lenders such as Rooftop Mortgages as well as the BSA.

Most lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with Rooftop Mortgages as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Rooftop Mortgages we suggest that you call Rooftop Mortgages to check the position.

With banks and solicitors working so closely with one another 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 Rooftop Mortgages conveyancing panel but for all bank panels

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

You should get in touch with Rooftop Mortgages to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an individual section for banks to reveal who to contact to obtain standard documents. Rooftop Mortgages in their Part 2’s state: You will need to disclose the firm’s Rooftop Mortgages solicitors panel number.