Aviva Equity Release Conveyancing Panel Information

We only know of two or three lenders that operate a distinct conveyancing panel where the mortgage advance is over a certain amount. You should nevertheless check directly with Aviva Equity Release. 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 Aviva Equity Release

The CLC has begun 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. We expect that that the CLC have been in touch with lenders such as Aviva Equity Release as well as the CML.

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

• Evidence of undertaking logs
• Analysis as to the nature of clients (e.g.existing/new/seen in person)
• Average time frame to send deeds to the lender (calculated from completion date or title registration)
• Current and historic missed priority dates
• Number of conveyancing cases by lender

With banks and conveyancers 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 Aviva Equity Release conveyancing panel but for all mortgage panels

In this situation please clarify on the application what steps you have taken to discover the reasons behind cancellation of your Aviva Equity Release 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?

You would be advised to communicate with Aviva Equity Release to obtain standard documents. The The Council of Mortgage Lenders Handbook contains a specific section for banks to establish who to contact to obtain standard documents. Aviva Equity Release in their Part 2’s state: Don’t forget to disclose the firm’s Aviva Equity Release solicitors panel reference.