Looking for information about your firm's panel status?
Hodge Equity Release Solicitor Panel: Recently Asked Questions
my firm is on the Hodge Equity Release conveyancing panel. Can I get an archived copy of a Hodge Equity Release Part 2 from the CML?
The CML do not retain duplicates of the Part 2's pre-December 2010. We would advise that you make a request of Hodge Equity Release directly.
Can you suggest any advice if we wish to appeal being removed from the
Hodge Equity Release solicitor panel?
Should you firm be removed from the
Hodge Equity Release conveyancing panel and you are unaware of or disagree with the reasons for your removal you should: (a) Contact
Hodge Equity Release directly. (b) If there is an appeals process detailed on your letter you should follow the process.
In appealing a decision by Hodge Equity Release, it may be useful to provide the following information:
- Full disclosure of your firm’s transaction history
- Your COMPLETIONmonitor reports, assuming you use the Lexsure software
- Your recent claims history
- Full details of all staff in your practice and their position.
- Note down if a solicitor has been admitted to the role on completion of the Qualified Lawyers Transfer Test.
- Supply copy practising certificates, the firm's current professional indemnity policy and the firm’s accountant's certificate, confirming the % of the firm's gross fee income is generated from residential conveyancing
On appeal some solicitors have been able to regain membership to panels notwithstanding the policy by the respective lenders to refuse panel membership to firms with certain profiles or characteristics. Such an achievement is primarily due to the firms’ ability to persuade the lender to make an exception if there is sufficient evidence to reassure them that the firm is well risk-managed.
Is it true that the Law Society has advised that firms check their status on the
Hodge Equity Release conveyancing panel?
The Law Society of Scotland has suggested that solicitors should check their panel status with lenders prior to accepting client instructions to act. The advice is lender-agnostic as it does not relate specifically to solicitors on the
Hodge Equity Release conveyancing panel. The recommendation arises from the practice of a number of mortgage lenders who remove solicitors from their panels without prior notice as part of their panel management system, which can lead to some solicitors discovering this only once instructed. This is sensible advice as a client finding out midway through a transaction that their lawyer is not on the approved lender panel is very frustrating and can lead to complaints. Many online consumer forums contain posts where someone is complaining about finding that their lawyer is not on a lender conveyancing panel. Such forums include mumsnet.com
Do I face suspension off the
Hodge Equity Release conveyancing panel if I have not sent the TID on a purchase within a certain time frame from draw-down of funds?
You might expect
Hodge Equity Release via their Part Two conditions to address this but the Handbook is silent on time frames. Do look at the Terms of
Hodge Equity Release’s Conveyancing Panel Appointment that you entered into. For a number of banks these Terms contain a provision 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 imperative to keep
Hodge Equity Release informed.
Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.
Can you give me an example of some of the reports available via COMPLETIONmonitor to support my application to be on the Hodge Equity Release conveyancing panel
?
There are many reports available, five of which are as follows:
- Average mortgage advance
- Buy to Let transactions
- Current and historic missed priority dates
- Number of conveyancing cases by lender
- Average time frame to send deeds to the lender (calculated from completion date or title registration)
Our membership of the
Hodge Equity Release conveyancing panel was suspended but was reinstated on appeal, do I need to disclose these details on my application for CQS accreditation?
You should supply 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 application but gives the CQS team viability as to what has happened.
Our practice is on the
Hodge Equity Release
conveyancing panel and scheduled to complete a purchase within the next few weeks. I dont have a Legal Charge for the client to execute.
Who do I contact at Hodge Equity Release to obtain duplicate documents?
You would be advised to contact Hodge Equity Release
to obtain standard documents. The CML Handbook has an express section for lenders to cite who to contact to obtain standard documents.
Hodge Equity Release in their Part 2’s state:
You will need to disclose your Hodge Equity Release conveyancing panel number.
Find a Lawyer on the Hodge Equity Release Conveyancing Panel
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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
