Zephyr Mortgages Conveyancing Panel Information

When a solicitor is acting for both Zephyr Mortgages and borrower there is potential for conflicts to arise. You owe duties to both clients. All information received by you from your client is confidential and cannot be disclosed without the client’s consent. In the situation you find yourself in if the purchaser will not consent to the information being passed on to the lender the solicitor must cease to act for the Zephyr Mortgages and it may well be prudent you to cease to act for the purchaser as well. You can not tell the Zephyr Mortgages the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your Zephyr Mortgages conveyancing panel status.

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

11 people attempt to locate a conveyancer on the Zephyr Mortgages panel on a monthly basis in Hendon. Please contact the team at lenderpanel.com to see how your firm can be found by those searching for conveyancing in Hendon.

The Law Society’s CQS membership gives no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to remain on their panels. A number of mortgage companies now use the Conveyancing Quality Scheme accreditation as the starting point for Panel acceptance such as HSBC.

You would be advised to communicate with Zephyr Mortgages to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an express question for banks to establish who to contact to obtain standard documents. Zephyr Mortgages in their Part 2’s state: Don’t forget to quote the firm’s Zephyr Mortgages solicitors panel reference.