Together Personal Finance Conveyancing Panel Information

The requirements to join the Together Personal Finance conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.

Criteria differ from lender to lender. We do not hold specific requirements relating to the questions raised as part of the application to be on the Together Personal Finance conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

Firm name, address and contact details including all branches (including evidence of existence through risk-based physical visits and Google Streetview checks)

Whether the firm has ever applied for accreditation and the outcome of the application

Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers

Number of lender conveyancing panels the firm is currently on

Automated alerting to inform lenders when there is a fundamental change to the firm (e.g. new disciplinary action)

Details of any accreditation e.g. Lexcel or

Whether any lender has ever made a claim against the firm’s PII cover

Summary of annual accounts

Full complaints history for each licensed conveyancer

List of all Licensed Conveyancers within firm

The concern here is if you are expect to enter into ‘more onerous’ conditions that than the Handbook obligations. You have to try and take an objective view as to whether the Terms relating to the Together Personal Finance conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the UK Finance Lenders’ Handbook Conditions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before moving forward on this question.

On the basis that your firm in is on the Together Personal Finance conveyancing panel and you are acting for 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 Together Personal Finance are to lend, they may require indemnity insurance. In any event,you will need to check Together Personal Finance’s specific requirements. Notwithstanding whether Together Personal Finance will lend in such circumstances you still need to advise the borrower (unless you are acting for Together Personal Finance alone) as to the risks of buying a property with an insolvent or absentee landlord.

In this situation please explain on the form what action you have taken to find out the reasons behind cancellation of your Together Personal Finance 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 Together Personal Finance to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an express section for lenders to establish who to contact to obtain standard documents. Together Personal Finance in their Part 2’s state: Always remember to quote the firm’s Together Personal Finance conveyancing panel reference.