LiveMore Conveyancing Panel Information

Many estate agents will be suffering if their clients start out on the buying process having appointed a conveyancer who is not on the panel with the purchaser’s chosen lender. Many conveyancing firms are only discovering when they begin working on a case that they are no longer able to work with that lender. Given the inevitable resultant delays in the transaction the chances of an abortive deal increases dramatically. in the circumstances there is understandable anguish on the part of the estate agent as a result of the lost time should the client have to change lawyers.

The CLC has entered 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. It is likely that that the CLC have been in touch with lenders such as LiveMore since 2008 which is when lenders started being more restrictive.

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

• Number of conveyancing cases by lender
• Analysis as to the nature of clients (e.g.existing/new/seen in person)
• Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
• Current and historic missed priority dates
• Average mortgage advance

15 potential conveyancing clients search for a conveyancer on the LiveMore panel on a monthly basis 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 the circumstances please clarify on the application what action you have taken to find out the reasons behind cancellation of your LiveMore 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 need to get in touch with LiveMore to obtain standard documents. The The Council of Mortgage Lenders Handbook includes a specific section for banks to reveal who to contact to obtain standard documents. LiveMore in their Part 2’s state: It is likely that you will need to quote the firm’s LiveMore conveyancing panel reference.