Fleet Mortgages Conveyancing Panel Information

The Council of Mortgage Lender requirements of Fleet Mortgages are silent on this. Most mortgage companies deal with the question of file retention via their Terms of panel appointment 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 Fleet Mortgages’s interest. To be absolutely sure of Fleet Mortgages requirements in this regard please check the Terms and Conditions of Fleet Mortgages’s conveyancing panel acceptance.

For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the Fleet Mortgages conveyancing panel to see if you are entitled to a reason.

With banks and property lawyers 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 Fleet Mortgages conveyancing panel but for all mortgage panel listings

7 people search for a conveyancing practitioner on the Fleet Mortgages panel every 4 weeks in Hendon. Feel free to contact the Lexsure team who will tell how your firm can be identified by those searching for conveyancing in Hendon.

In this situation please clarify on the application what action you have taken to find out the reasons behind cancellation of your Fleet Mortgages panel status. In particular please provide details if you have received communications from the lender. E.G. before revocation of your panel membership did you receive any letters or calls from the lender advising you as to their reasons?

You would be advised to get in touch with Fleet Mortgages to obtain standard documents. The The Council of Mortgage Lenders Handbook has an express inquiry for banks to enumerate who to contact to obtain standard documents. Fleet Mortgages in their Part 2’s state: You will need to disclose the firm’s Fleet Mortgages solicitors panel reference.