Looking for information about your firm's panel status?
Platform Conveyancing Panel: Recently Asked Questions
Are Platform Conveyancing panel solicitors duty bound to disclose incentives?
Platform’s answer to this question can be found at section 6.4.4 of their CML Part 2 requirements
I am on the Platform conveyancing panel. Can I get an archived copy of a Platform Part 2 from the CML?
The Council of Mortgage Lenders do not keep duplicates of P2 conditions pre-December 2010. We would advise that you make a request of Platform directly.
Will the fact that my practice has signed up to Alerts via this site help in my application to join the Platform conveyancing panel?
The criteria to join the Platform conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
My practice have never been on the
Platform conveyancing panel as well other banks.
My clients, who have applied for a mortgage with Platform still want me to act for them regardless of the fact that we are not on the
Platform panel. Am I doing anything wrong is suggesting to my client that they use a firm down the road to act for
Platform on mortgage aspect of the conveyancing?
Please tread carefully here as what you are suggesting may not be acceptable to the lender.
It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. Many lenders make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender must appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancing firm.
You also need to make the costs implications and potential for delay very clear to your client.
When in comes to leasehold conveyancing do
Platform conveyancing panel lawyers have to examine whether there is an absentee landlord?
Assuming that your practice in is on the
Platform conveyancing panel and you are representing them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If
Platform are to lend, they may require indemnity insurance. In any event,you will need to check
Platform’s specific requirements. Notwithstanding whether
Platform will lend in such circumstances you still need to advise the borrower (unless you are acting for
Platform alone) as to the risks of buying a property with an insolvent or absentee landlord.
my firm’s membership of the
Platform conveyancing panel was terminated but was reinstated on appeal, do I need to include this information on my CQS application?
We would recommend that you 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 viability as to what has happened.
I am on the
Platform
conveyancing panel and all set to complete a purchase within the next few weeks. I dont have a Mortgage Deed for the client to execute.
Who do I contact at Platform to get a duplicate Deed?
You need to contact Platform
to obtain standard documents. The The Council of Mortgage Lenders Handbook includes a specific section for lenders to establish who to contact to obtain standard documents.
Platform in their Part 2’s state:
Please remember to disclose the firm’s Platform solicitors panel reference.
Find a Lawyer on the Platform Solicitors Panel
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Average number of days to register title including a charge in favour of Platform
This information relates to purchase only and not remortgages.
Year | Days* |
---|---|
2024 | [no data] |
2023 | [no data] |
2022 | [no data] |
2021 | [no data] |
2020 | [no data] |
2019 | 30.6 |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Platform Firms
- Draft Report on Title precedent for Platform borrowers
- Draft Anti Money Laundering PolicyTemplate for Platform panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Platform lender panel
- Buy-to-Let help for Platform
- Consent-to-Let help for Platform
- Contractor Mortgages with Platform