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approved by BankOfScotlandPrivate
Ready to buy a new home? Failing to check that a lawyer is on the BankOfScotlandPrivate list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the Bank of Scotland Private Banking Conveyancing Panel? How can my firm be reinstated onto the Bank of Scotland Private Banking Conveyancing Panel?Find an Approved Solicitor on the Bank of Scotland Private Banking Conveyancing Panel
Common questions asked concerning the Bank of Scotland Private Solicitor Panel
I have been advised by my broker that I have to pay Bank of Scotland Private fees should I instruct my family lawyer. How efficient are the Bank of Scotland Private conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH as long as they're good and reasonably priced. Are there any Bank of Scotland Private conveyancers you'd recommend?
Bank of Scotland Private’s conveyancing panel is pretty large so it would be advisable to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Bank of Scotland Private will allow to act for them.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Bank of Scotland Private will not agree to this. Why was Bank of Scotland Private even consulted?
Your lawyer being on the Bank of Scotland Private conveyancing panel is duty bound to inform Bank of Scotland Private of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Bank of Scotland Private then they would have to discontinue acting for you and Bank of Scotland Private.
Do I need to visit the offices of the Bank of Scotland Private conveyancing panel solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in London
so that I can attend their offices when needed.
Most conveyancing panel lawyers for Bank of Scotland Private undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
What happens if my solicitor is suspended from the Bank of Scotland Private Solicitor panel in advance of completion?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
We are getting a further advance on our mortgage from Bank of Scotland Private as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Bank of Scotland Private conveyancing panel to deal with the paperwork?
Bank of Scotland Private would not normally instruct firms on their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Bank of Scotland Private panel
We were going to get a DIP from Bank of Scotland Private this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Bank of Scotland Private recommend a solicitor on the Bank of Scotland Private conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Bank of Scotland Private conveyancing panel. The solicitor represents both you and the Bank of Scotland Private through the process.
For 5 years I had a mortgage with Bank of Scotland Private. My godfather retired last week and wants to pay off the mortgage left on the property. After Bank of Scotland Private is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Bank of Scotland Private conveyancing panel? I do not intend to live at the property once the Bank of Scotland Private mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Bank of Scotland Private panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.