Looking for information about your firm's panel status?
Hodge Equity Release Solicitor Panel: Recently Asked Questions
Hodge Equity Release has instructed me to conduct due diligence for them alone on a residential conveyancing transaction , using the CML Lender’s Handbook. The borrower has his own solicitor (not on the
Hodge Equity Release conveyancing panel) How will this work and are there different instructions from Hodge Equity Release in this case?
The CML, along with
Hodge Equity Release and other lenders created a standard set of requirements where a solicitor is acting for a lender such as Hodge Equity Release alone in a residential conveyancing transaction.
These requirements are contained at Part Three of the UK Finance Lenders’ Handbook and are to be followed in conjunction with Parts 1 & 2.
The CML have published an example requirements letter to the borrower’s conveyancer for adaptation by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel solicitor.
Being on the Hodge Equity Release conveyancing panel how long am I obliged to retain the complete conveyancing file?
The CML Part II requirements of
Hodge Equity Release are silent on this. Most mortgage companies deal with the issue 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 Hodge Equity Release’s interest. To be
absolutely sure of Hodge Equity Release requirements in this regard
please check the Terms and Conditions of Hodge Equity Release’s
conveyancing panel appointment.
Can you give me an example of some of the reports available via COMPLETIONmonitor to support my appeal to be reinstated on the Hodge Equity Release solicitor panel?
There are many reports available, five of which are as follows:
- Average time frame to send deeds to the lender (calculated from completion date or title registration)
- Average mortgage advance
- Number of conveyancing cases by lender
- Current and historic missed priority dates
- Buy to Let transactions
I have been a sole practitioner for nearly 35 years without a single claim against me and have been refused acceptance on the
Hodge Equity Release conveyancing panel with no explanation. Am I not entitled to to know why?
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
Hodge Equity Release conveyancing panel to see if you are entitled to a reason.
My conveyancing assistant has resigned on short notice.
I urgently need to prioritise making sure that charges are registered. That said, how quickly do I need to send deeds to
Hodge Equity Release once the charge is registered before my firm runs the risk of being suspended off the conveyancing panel for Hodge Equity Release?
Hodge Equity Release will likely expect the deeds to be sent to them within 10 days of you receiving the TID (unless their specific P2 requirements specifically state that they you are not to send them anything). Most COTs refer to complying with the Certificate of Title referred to in IB (3.7) of the SRA Code of Conduct 2011, published by the Law Society which states that you ‘will despatch to you such deeds and documents relating to the Property as you require with a list of them in the form prescribed by you within ten working days of receipt by us of the title information document from the Land Registry’ As to whether the lender will suspend your panel status this very much varies according to the lender’s own internal policies The more cases you have the more risk you face. Some lenders may take action if there records show that the deeds are outstanding for more than 3 matters. The fact is that if you keep within the time frame then you will have more chance of remaining on the
Hodge Equity Release conveyancing panel.
my firm’s membership of the
Hodge Equity Release conveyancing panel was revoked but was reinstated on appeal, do I need to include this information on my CQS application?
It would be advisable to provide details of the date of removal, information on the reason for
removal, date of appeal and any reason given for reinstatement. This
should not adversely impact your firm’s application but gives the CQS team a complete picture of what has gone on.
Our practice is on the
Hodge Equity Release
conveyancing panel and all set to complete a remortgage within the next few weeks. My file does not contain a Mortgage Deed for the client to execute.
Who do I contact at Hodge Equity Release to get a duplicate Deed?
You would be advised to contact Hodge Equity Release
to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an individual question for lenders to reveal who to contact to obtain standard documents.
Hodge Equity Release in their Part 2’s state:
Always remember to quote your Hodge Equity Release conveyancing panel reference.
Find a Lawyer on the Hodge Equity Release Conveyancing Panel
powered by LenderPanel
Average number of days to register title including a charge in favour of Hodge Equity Release
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Hodge Equity Release Firms
- Draft Report on Title precedent for Hodge Equity Release borrowers
- Draft Anti Money Laundering PolicyTemplate for Hodge Equity Release panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Hodge Equity Release lender panel
- Buy-to-Let help for Hodge Equity Release
- Consent-to-Let help for Hodge Equity Release
- Contractor Mortgages with Hodge Equity Release
