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Vida Homeloans Solicitor Panel: Recently Asked Questions
Is it probable that
Vida Homeloans
will instruct another solicitor on the
Vida Homeloans
conveyancing panel for a further advance during the lifetime of a mortgage?
Paragraph 16.2.1 of Part 1 of the Handbook applicable to a solicitor on the
Vida Homeloans
conveyancing panel reads ‘Our mortgage secures further advances. Consequently, when a further advance is required for alterations or improvements to the property we will not normally instruct a member of our conveyancing panel but if you are instructed the appropriate provisions of this Handbook will apply’.
A long standing client of my firm is purchasing a detached house for £800,000 in Leeds with a mortgage over GBP 450,000.
I am on the
Vida Homeloans conveyancing panel but do Vida Homeloans have a separate approved panel when the advance is above 400,000?
Lexsure only know of a couple of banks that operate a separate approved solicitors panel where the mortgage advance is over a certain level.
You should nevertheless check directly with
Vida Homeloans. At one stage HSBC would only allow Sole
practitioners to act for them where the mortgage was below
£150,000. We are not sure if HSBC still operate such a condition. In
your case it is best to check with Vida Homeloans
Do lenders such as
Vida Homeloans operate a separate conveyancing panel for buy to let mortgages?
Most lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with
Vida Homeloans as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from
Vida Homeloans we suggest that you call
Vida Homeloans to check the position.
Every so often I read a LENDERmonitor notification but I don't see that many important changes. For example, I am on the
Vida Homeloans conveyancing panel and get an alerts simply telling me a change of address. Why is that of any relevance?
It is important that you take note of such changes because sending a communication or deeds to the wrong address can cause delays that might not only affect your borrower client but also affect your ability to remain on the
Vida Homeloans solicitor panel. Is possible next month that Vida Homeloans change their requirements as to where the post completion documents should be sent.
Do you update the details in your CMS? Do you make a note? Is this communicated to the staff? By virtue of your COT Vida Homeloans you are giving assurances that you will forward the relevant documents within 10 days of receiving the TID. Leaving to one side whether you are in breach of an undertaking in sending it to the wrong address, you run the risk of
Vida Homeloans suspending you off the panel because they are not receiving the deeds in accordance with the COT. It will not be a valid excuse to say that you sent it to an address that is no longer valid.
Are figures published disclosing the
Vida Homeloans conveyancing panel size as well as the number of conveyancing firms dismissed each quarter?
With mortgage companies and conveyancers working so closely with one another it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the
Vida Homeloans conveyancing panel but for all lender panels
St Giles’ PII renewal form enquires if my practice had been removed off any bank panels in the last year.
I recently became aware that the firm is no longer on the
Vida Homeloans conveyancing panel? Is this likely to impact my PII cover?
The best placed professionals to answer this question are your insurance brokers.
The chances are that on the basis that you have not been removed for
fraud or negligence reasons that there will be little or no
impact. The main reason why a firm would be removed off of a lender
panel is due to low volume of conveyancing cases although there may be
a number of criteria for Vida Homeloans solicitor panel
membership. Please remember that it is always important that you
complete your insurance forms accurately.
My firm is listed on the
Vida Homeloans
conveyancing panel and all set to complete a remortgage within the next week. I dont have a Mortgage Deed for the client to sign.
Who do I contact at Vida Homeloans to get a duplicate Deed?
You should contact Vida Homeloans
to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates a specific question for banks to reveal who to contact to obtain standard documents.
Vida Homeloans in their Part 2’s state:
Please remember to quote the firm’s Vida Homeloans solicitors panel number.
Find a Lawyer on the Vida Homeloans Conveyancing Panel
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Average number of days to register title including a charge in favour of Vida Homeloans
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 Vida Homeloans Firms
- Draft Report on Title precedent for Vida Homeloans borrowers
- Draft Anti Money Laundering PolicyTemplate for Vida Homeloans panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Vida Homeloans lender panel
- Buy-to-Let help for Vida Homeloans
- Consent-to-Let help for Vida Homeloans
- Contractor Mortgages with Vida Homeloans
