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approved by Rooftop Mortgages
Ready to buy a new home? Failing to check that a lawyer is on the Rooftop Mortgages list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Rooftop Mortgages Ltd Conveyancing Panel
Rooftop Mortgages Conveyancing Panel : Questions and Answers
For what reasons could a law firm be removed from the Rooftop Mortgages solicitor panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of solicitor practices had been removed from a lender panel. The most common reasons in order are :
- lack of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Rooftop Mortgages
My conveyancer has discovered a discrepancy between the information in Rooftop Mortgages’s home valuation survey and what is revealed within the conveyancing documents. My lawyer has advised that as he is on the Rooftop Mortgages conveyancing panel he must ensure that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s approach appropriate?
A precondition to being on the Rooftop Mortgages approved panel is to comply with the CML Handbook requirements (last updated for this lender on Rooftop Mortgages) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Do all the firms listed on your search have online case tracking as I understood that this was a condition of being on the Rooftop Mortgages conveyancing panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
My grandfather passed away six months ago and as sole heir and executor was left the property. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Rooftop Mortgages , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Rooftop Mortgages will insist on your using a conveyancer on the Rooftop Mortgages conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Rooftop Mortgages conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Rooftop Mortgages mortgage is registered as a charge at the Land Registry.
I am currently in the process of buying my council flat. I have a mortgage agreed with Rooftop Mortgages. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Rooftop Mortgages you will need to appoint a solicitor on the Rooftop Mortgages conveyancing panel.
Planning on purchasing a house with a mortgage with Rooftop Mortgages. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Rooftop Mortgages conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Rooftop Mortgages conveyancing panel
We are are acquiring a house in Hendon. Conveyancing solicitors in Hendon need to beappointed. My brokersuggested that we check that the property lawyer in Hendon is on the Rooftop Mortgages solicitors panel. Is this really necessary?
Far from all Hendon conveyancing solicitors are on the Rooftop Mortgages conveyancing panel. 8 people a month use our search tool to find a Hendon conveyancing solicitor on the on the Rooftop Mortgages list of approved conveyancing firms.