Looking for information about your firm's panel status?
LendInvest Solicitor Panel: Recently Asked Questions
Do LendInvest or the CML run training Courses for the
LendInvest approved solicitor panel in much the same way that the Law Society run cases for CQS firms?
This not something that the UK Finance would traditionally get involved with but they do arrange a number of general legal related conferences which are attended by firms on the LendInvest conveyancing panel. We do intend to run specific lender focused seminars in the near future including a webinar on LendInvest’s Part 2 obligations. Solicitors on the LendInvest conveyancing panel are welcome. Further details will be communicated as part of the LENDERmonitor P2 change Notifications.
Do the Council of Mortgage Lenders intend to launch a searchable register search tool with a view
to list solicitors on the
LendInvest conveyancing panel?
Lexsure has not been advised of any intention on the part of the UK Finance to develop such a search facility.
What obligations do I have,
being on the
LendInvest conveyancing panel, to carry out a Lawyer Checker Search, an HS2 search?
LendInvest make no specific obligation to carry out any of
the searches listed. The UK Finance Lenders’ Handbook simply states that ‘you must
ensure that any other searches which may be appropriate to the
particular property, taking into account its locality and other
features are carried out’.
Remember that most ‘less usual searches’ (as described in the Law Society’s Conveyancing Handbook) are not optional as far as LendInvest are concerned if they are ‘appropriate’. Most lenders will not require environmental searches (you should Check Part 2 of UK Finance Lenders’ Handbook to be sure), but you are obliged to explain risks and availability to the client.
Ground stability, Plansearch,flood searches as well as the searches listed in the question are optional – but only to the extent that you have allowed the borrower client to make an informed choice. Regardless of whether there is a mortgage, If you have not advised the client that these (and other) searches are available and what risks they cover, then you will be liable if the client suffers loss through not conducting one. Is this covered within your Terms of Engagement or Report on Title?
A leading search provider lists over 65 property searches – do you know what all of them are and when they may be relevant? If you are unsure as to which searches are appropriate based on location call your search provider or call one of the leading search companies such as Searches UK.
What sort of information are Lenders such as
LendInvest are asking for when it comes to applying to be on their approved solicitor list?
Although not necessarily published, lenders have varying criteria .
We do not hold specific requirements relating to the questions raised as part of the application to be on the
LendInvest conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):
Full complaints history for each conveyancing solicitor
The percentage of the firm’s business which is conveyancing (broken down into sale
Details of any accreditation e.g. Lexcel or
Charge registration history
top-up split and history of any refusals
SRA or equivalent regulator registration number where applicable
Whether the firm has ever applied for accreditation and the outcome of the application
Full complaints history for each licensed conveyancer
Structure of firm and, where applicable, its group
Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers
Can you give me an example of some of the reports available via COMPLETIONmonitor to support my application to be on the LendInvest conveyancing panel
?
There are many reports available, five of which are as follows:
- Number of conveyancing cases by lender
- Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
- The percentage of the firm’s business which is conveyancing (broken down into sale/purchase and remortgage)
- Average time frame to register charges at the Land Registry
- Buy to Let transactions
Should Conveyancing Quality Scheme acceptance guarantee my firm’s acceptance on to lenders conveyancing panels?
CQS accreditation is no guarantee to lender panel acceptance. Nevertheless the Council of Mortgage Lenders have indicated that it is likely to become a prerequisite for firms wishing to join their approved list of conveyancing solicitors. Some mortgage companies now use the scheme as the starting point for Panel acceptance as is the case with Santander.
Our practice is on the
LendInvest
conveyancing panel and all set to complete a purchase within the next few weeks. I can not locate a Mortgage Deed for the client to execute.
Who do I contact at LendInvest to obtain duplicate documents?
You would be advised to get in touch with LendInvest
to obtain standard documents. The The Council of Mortgage Lenders Handbook has an individual question for banks to establish who to contact to obtain standard documents.
LendInvest in their Part 2’s state:
It helps to disclose the firm’s LendInvest solicitors panel number.
Find a Lawyer on the LendInvest Conveyancing Panel
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Average number of days to register title including a charge in favour of LendInvest
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited LendInvest Firms
- Draft Report on Title precedent for LendInvest borrowers
- Draft Anti Money Laundering PolicyTemplate for LendInvest panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the LendInvest lender panel
- Buy-to-Let help for LendInvest
- Consent-to-Let help for LendInvest
- Contractor Mortgages with LendInvest
