Zephyr Mortgages Conveyancing Panel Information

The criteria to join the Zephyr Mortgages conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.

One might ordinarily expect Zephyr Mortgages via their Part Two requirements to address this but the Handbook is silent on deadlines to send deeds. Do look at the Terms of Zephyr Mortgages’s Conveyancing Panel Appointment that you entered into. For many lender's these Terms contain a clause 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 Zephyr Mortgages informed. Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.

Please tread carefully here as what you are intending may not be acceptable to the lender. It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. Many lenders make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender must appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancer. You also need to make the costs implications and potential for delay very clear to your client.

CQS membership is no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to join their approved list of firms. A number of Lenders now use CQS as the starting point for Panel membership such as Astra Mortgages.

You need to contact Zephyr Mortgages to obtain standard documents. The The Council of Mortgage Lenders Handbook has an express inquiry for lenders to enumerate who to contact to obtain standard documents. Zephyr Mortgages in their Part 2’s state: It is likely that you will need to quote the firm’s Zephyr Mortgages conveyancing panel number.