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Barclays plc Conveyancing Panel: Recently Asked Questions
my firm is on the Barclays plc conveyancing panel. Can I get an archived copy of a Barclays plc Part 2 from the CML?
The Council of Mortgage Lenders do not hold data sets of the Part 2's Pre January 2011. The CML recommend you make a request of Barclays plc directly.
Do Barclays plc or the Council of Mortgage Lenders run training seminars for the
Barclays plc approved solicitor panel in the same way that CQS run CPD Courses for accredited firms?
The Council of Mortgage Lenders (or the BSA) do not involve themselves in training although they do organise numerous general conveyancing related conferences which are attended by firms on the Barclays plc conveyancing panel. We do intend to run specific lender focused seminars in the coming months including a webinar on Barclays plc’s Part 2 requirements. Law firms on the Barclays plc conveyancing panel are welcome. Information about the webinar will be made available as part of the LENDERmonitor P2 change Notifications.
Given that I am the Compliance Officer for Legal Practice what do I need to consider in terms of disclosures to the SRA if my firm is removed off the
Barclays plc solicitor panel?
What you should do largely depends on the reason that your firm has been removed off the Barclays plc
conveyancing panel. The top 3 reasons are as
follows:
- lack of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction.
The firm that I work for is on the
Barclays plc conveyancing panel. I am dealing with
Barclays plc mortgage on a purchase. My borrower client is asking not to disclose an issue to
Barclays plc. What do I do in this conflict situation?
When a solicitor is acting for both
Barclays plc and borrower there is potential for conflicts
to arise. You owe duties to both clients. All information received by
you from your client is confidential and cannot be disclosed without
the client’s consent. In the situation you find yourself in if the
purchaser will not consent to the information being passed on to the
lender the solicitor must cease to act for the Barclays plc
and it may well be prudent you to cease to act for the purchaser as
well. You can not tell the Barclays plc the reason for
termination of the retainer over and above the fact that a conflict
has arisen. The fact that you can no longer act should alert even the
most somnambulistic of lenders that something is wrong with the
borrower and/or purchase. The fact that you have disinstructed
yourself should not affect your Barclays plc conveyancing
panel status.
My conveyancing assistant has left my firm unexpectedly.
I urgently need to prioritise making sure that charges are registered. That said, how quickly do I need to send deeds to
Barclays plc once the charge is registered before my firm runs the risk of being suspended off the conveyancing panel for Barclays plc?
Barclays plc will likely expect the deeds to be sent to them within 10 days of you receiving the TID (unless their specific P2 requirements specifically state that they you are not to send them anything). Most COTs refer to complying with the Certificate of Title referred to in IB (3.7) of the SRA Code of Conduct 2011, published by the Law Society which states that you ‘will despatch to you such deeds and documents relating to the Property as you require with a list of them in the form prescribed by you within ten working days of receipt by us of the title information document from the Land Registry’ As to whether the lender will suspend your panel status this very much varies according to the lender’s own internal policies The more cases you have the more risk you face. Some lenders may take action if there records show that the deeds are outstanding for more than 3 matters. The fact is that if you keep within the time frame then you will have more chance of remaining on the
Barclays plc conveyancing panel.
If my application is successful will CQS membership secure my firm’s acceptance on to lenders conveyancing panels?
CQS membership gives no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to remain on their panels. Some mortgage companies now use CQS as the starting point for Panel membership such as Santander.
Our practice is on the
Barclays plc
conveyancing panel and all set to complete a remortgage within the next week. My file does not contain a Mortgage Deed for the client to sign.
Who do I contact at Barclays plc to obtain duplicate documents?
You would be advised to get in touch with Barclays plc
to obtain standard documents. The The Council of Mortgage Lenders Handbook includes an individual inquiry for banks to establish who to contact to obtain standard documents.
Barclays plc in their Part 2’s state:
You will need to quote your Barclays plc conveyancing panel number.
Find a Lawyer on the Barclays plc Solicitor Panel
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Average number of days to register title including a charge in favour of Barclays plc
This information relates to purchase only and not remortgages.
Year | Days* |
---|---|
2024 | [no data] |
2023 | [no data] |
2022 | [no data] |
2021 | [no data] |
2020 | [no data] |
2019 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Barclays plc Firms
- Draft Report on Title precedent for Barclays plc borrowers
- Draft Anti Money Laundering PolicyTemplate for Barclays plc panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Barclays plc lender panel
- Buy-to-Let help for Barclays plc
- Consent-to-Let help for Barclays plc
- Contractor Mortgages with Barclays plc