Zephyr Mortgages Conveyancing Panel Information

Lexsure only know of a couple of lenders that operate a distinct conveyancing panel where the mortgage advance is over a certain threshold. You should nevertheless check directly with Zephyr Mortgages. At one stage HSBC would only allow Sole practitioners to act for them where the mortgage was below £150,000. We are not sure if HSBC still operate such a condition. In your case it is best to check with Zephyr Mortgages

The CML Part II requirements of Zephyr Mortgages are silent on this. Most lenders deal with the question of file retention via their Terms and Conditions where they generally provide that for evidential purposes, the firm must keep the file for at least of 6 years from the date of the mortgage. Data imagining is normally suitable compliance with this requirement. Many lenders point out in that it is the practice of some fraudsters to demand the conveyancing file on completion in order to destroy evidence that may later be used against them. It is therefore important to retain these documents to protect Zephyr Mortgages’s interest. To be absolutely sure of Zephyr Mortgages requirements in this regard please check the Terms and Conditions of Zephyr Mortgages’s conveyancing panel acceptance.

There are many reports available, five of which are as follows:

• Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
• Number of conveyancing cases by lender
• The percentage of the firm’s business which is conveyancing (broken down into sale/purchase and remortgage)
• Analysis as to the nature of clients (e.g.existing/new/seen in person)
• Average time frame to register charges at the Land Registry

5 borrowers search for a solicitor on the Zephyr Mortgages panel on a monthly basis in Hendon. Feel free to contact the Lexsure team who will tell how your firm can be found by those searching for conveyancing in Hendon.

The Law Society’s CQS membership is no guarantee to lender panel acceptance. Nevertheless the Council of Mortgage Lenders have indicated that it is likely to become a prerequisite for firms wishing to join their approved list of firms. Some Lenders now use CQS as the starting point for Panel approval such as Santander.

You should get in touch with Zephyr Mortgages to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates a specific inquiry for lenders to reveal who to contact to obtain standard documents. Zephyr Mortgages in their Part 2’s state: It is likely that you will need to disclose the firm’s Zephyr Mortgages solicitors panel number.