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approved by DB UK Bank
Ready to buy a new home? Failing to check that a lawyer is on the DB UK Bank list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the DB UK Bank Ltd Conveyancing Panel? How can my firm be reinstated onto the DB UK Bank Ltd Conveyancing Panel?Find an Approved Solicitor on the DB UK Bank Ltd Conveyancing Panel
DB UK Bank Conveyancing Panel : Questions and Answers
For what reasons would a firm of solicitors be excluded from the DB UK Bank approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been removed from a lender panel. The top reasons in order are :
- Low volume 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 DB UK Bank
Please help. My solicitor is assuring me that he is legally obliged to order a Local Authority search stemming from the fact that the firm are on the DB UK Bank solicitor panel. Do I not have a choice here?
You have limited options available to you. Given that you are taking out a loan with DB UK Bank your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of DB UK Bank’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated DB UK Bank. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Do I have to visit the offices of the DB UK Bank conveyancing panel solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Liverpool
so that I can pop in to their offices if necessary.
As opposed to ten years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Liverpool
.
I was due to complete on my first house last Thursday. My lawyer’s firm is on the DB UK Bank conveyancing panel but has moved offices in the past couple of months and had not advised DB UK Bank of their new address. DB UK Bank has locked down the release of mortgage funds as the information from the solicitors isn't correct.
This is a rare situation indeed. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local DB UK Bank branch or your mortgage broker to see if they can help.
Is it the case that all conveyancing lawyers on the DB UK Bank conveyancing panel work on a no move no charge basis?
On the whole there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
Last month we had a mortgage agreed in principle with DB UK Bank. Solicitors have been instructed? How long does it take for DB UK Bank to send the offer to our conveyancer
Some lenders take longer than others. Have DB UK Bank done the survey? Have you advised DB UK Bank as your lawyers details and checked that your lawyer is on the DB UK Bank conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
On the whole I have been dissatisfied with the level or service received from my lawyer. Is there a DB UK Bank conveyancing panel complaints department or do I complain directly to the law firm?
Complaining to DB UK Bank about their conveyancing panel is unlikely to yield much of a response. Every solicitor firm and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is properly dealt with by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.
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Transfer of Equity for DB UK BankPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors