Separate legal representation for mortgages over £1m

  1. Home
  2. Placing business
  3. Halifax Intermediary News
  4. Separate legal representation for mortgages over £1m

With effect from Monday 16 August, we'll be introducing a process of separate legal representation for all house purchases where the loan exceeds £1m.

This means we'll appoint a conveyancer to act on our behalf and the client will continue to appoint a conveyancer, to act on their behalf.

In this circumstance, you should advise your client that we'll appoint a representative from one of the conveyancing firms (listed below) who will liaise with your client's conveyancer.

On the rare occasion that the client has chosen one of the firms below, the conveyancer will be able to act on behalf of both parties.

For all applications the client's conveyancer details should be entered on the application form as usual.

Property location

Conveyancer

Conveyancer address

England & Wales

Hugh James Solicitors

114-116 St. Mary St., Cardiff

Scotland

Optima Legal

5 Renfield St., Glasgow

Northern Ireland

Wilson Nesbitt

DX2025, NR Bangor

Our tracker rate mortgages are linked to Bank of England bank rate (also known as Bank of England repo rate). Details of this rate can be found on the Bank of England website at www.bankofengland.co.uk or in the Financial Times or other leading newspapers.

For independent information on mortgages, visit the FSA website 'Money Advice Service'.

If you do not have professional experience, you should not rely on the information contained in this communication. If you are a professional and you reproduce any part of the information contained in this communication, to be used with or to advise retail clients, you must ensure it conforms to the Financial Services Authority's advising and selling rules. This site is intended for UK residents unless otherwise stated. Halifax is a division of Bank of Scotland plc. Registered in Scotland No.SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. For optimal viewing of this site you will need Macromedia Flash version 5 or above. Copyright © 2009, Halifax plc. All rights reserved.

Mortgage Trading Exchange

2010 Accreditation, 5 Stars - Frank Eve Consulting Limited, Lender Intermediary Technology Benchmark Study