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approved by St James Place
Ready to buy a new home? Failing to check that a lawyer is on the St James Place 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 St James Place Bank Conveyancing Panel? How can my firm be reinstated onto the St James Place Bank Conveyancing Panel?Find an Approved Solicitor on the St James Place Bank Conveyancing Panel
Frequently asked questions relating to the St James Place Conveyancing Panel
I am hoping to receive a mortgage with St James Place. I would like to use a Licensed Conveyancer. Does the St James Place Solicitor panel exclude Licensed Conveyancers
St James Place’s conveyancing panel is, like many other lenders represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Please assist. For no fault of my lawyer but, my purchase conveyancing has been going on for months. The Local Authority Search from St James Place was dated random date and we have agreed a date for me to move into the property on 6. My lawyer informs me that as she is on the St James Place conveyancing panel she needs to reorder the searches as they are now out of date.
A precondition to being on the St James Place approved panel is to comply with the CML Handbook requirements (last updated for this lender on St James Place)which specifies that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to St James Place.
I see that you have a post code search directory listing law firms on the St James Place conveyancing panel. Do firms pay you a referral fee if I instruct them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the St James Place conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
My lawyers in London have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with St James Place. Is it case that being on the St James Place conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the St James Place Conveyancing Panel Terms. It might be worth you contacting St James Place directly.
Are all Conveyancing Quality Solicitors on the St James Place conveyancing panel?
It is true that some lenders now use CQS as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
I am buying a property where the roof has a solar panel. Solicitors conducting should look into this right? Will my lender St James Place be concerned
Given that you are obtaining a mortgage with St James Place your lawyer must to check the St James Place conveyancing instructions contained in the Part of CML Handbook for St James Place . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to St James Place where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
St James Place have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up St James Place or your broker and complete any relevant paperwork. St James Place will tell you what documents they want. St James Place will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. St James Place will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
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Transfer of Equity for St James PlacePlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors