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Vida Homeloans Conveyancing Panel: Recently Asked Questions
These risks are exacerbated by the lack of a comprehensive set of data on all conveyancing firms (which, for the avoidance of doubt, would include solicitors and conveyancers across the UK) which is in a readily accessible format. Currently, lenders vet the suitability of their panel firms against a variety of disparate, incomplete and potentially inaccurate sets of information. One top 5 lender pointed out to us that it is almost impossible to track individual fraudsters who move from firm to firm, especially where they are no longer registered or no longer hold a valid practicing certificate.
Vida Homeloans and other lenders are in varying stages of reviewing their approach to vetting firms on their conveyancing panels, to ensure their ongoing exposure to unsuitable firms is reduced. There is also regulatory impetus on lenders to ensure that they have satisfactory oversight of their third party panels, including a due-diligence process.
- Average mortgage advance
- Buy to Let transactions
- Current and historic missed priority dates
- Evidence of undertaking logs
- Average time frame to register charges at the Land Registry
Find a Lawyer on the Vida Homeloans Conveyancing Panel
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2024 | [no data] |
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Other related topics:
- CQS policy templates and procedures for accredited Vida Homeloans Firms
- Draft Report on Title precedent for Vida Homeloans borrowers
- Draft Anti Money Laundering PolicyTemplate for Vida Homeloans panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Vida Homeloans lender panel
- Buy-to-Let help for Vida Homeloans
- Consent-to-Let help for Vida Homeloans
- Contractor Mortgages with Vida Homeloans