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Bank of Scotland Conveyancing Panel: Recently Asked Questions
my firm is on the Bank of Scotland conveyancing panel. Can I get an archived copy of a Bank of Scotland Part 2 from the CML?
The Council of Mortgage Lenders do not maintain data sets of P2 requirements pre-December 2010. The CML recommend you make a request of Bank of Scotland directly.
I am hearing that agents are using online checkers to see if a firm is on a lender panel. Why?
Many estate agents will be suffering if their clients start out on the buying process using a solicitor who is not on the panel with the purchaser’s chosen lender. Many
conveyancing firms are only discovering when they begin working on a
case that they are no longer able to work with that lender. Given
the inevitable resultant delays in the transaction the chances of an
abortive deal increases dramatically. in the circumstances there is
understandable anguish on the part of the estate agent as a result of
the lost time should the client have to change lawyers.
Are there conditions,outside the CML Part 2 requirements, that a firm should be aware of when on the Bank of Scotland conveyancing panel?
In order to be on the Bank of Scotland conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily Bank of Scotland) are as follows:
- To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds.)
- You have the consent of all borrowers to apply for the deeds, before making any request for deeds. We will accept your request for deeds on the understanding that you have obtained such consent. If this is not the case then you should advise our Deeds Services Department in writing when you make your request
- If you are a sole practitioner, to arrange for appropriate locum cover from our panel where necessary. Your locum must be a member of the Conveyancing panel.
- To be responsible for the reconstitution of the title deeds (whether the title is registered or unregistered, at your own cost), where any deeds in your possession, or were last known to be in your possession, go missing.
- To carry out our instructions with reasonable care and skill, ensuring that all employees carrying out mortgage work on our behalf are qualified and competent to do so
In conducting leasehold conveyancing do
Bank of Scotland panel solicitors have to examine whether there is a missing freeholder?
Given that your firm in is on the
Bank of Scotland conveyancing panel and you are instructed by them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If
Bank of Scotland are to lend, they may require indemnity insurance. In any event,you will need to check
Bank of Scotland’s specific requirements. Notwithstanding whether
Bank of Scotland will lend in such circumstances you still need to advise the borrower (unless you are acting for
Bank of Scotland alone) as to the risks of buying a property with an insolvent or absentee freeholder.
My lawyers pass me the odd LENDERmonitor alert but I seldom see significant changes. For example, My firm on the
Bank of Scotland conveyancing panel and receive a notification simply telling me a change of address. Why is that of any relevance?
Yes it does matter because sending a communication or deeds to the wrong address can cause delays that might not only affect your borrower client but also impact your chances of staying on the
Bank of Scotland solicitor panel. Lets say that Bank of Scotland change their requirements as to where the post completion documents should be sent.
Do you change the details in your CMS? Do you make a note? Is this information passed on to secretaries and assistants? By virtue of your COT Bank of Scotland you are giving assurances that you will send the relevant documents within 10 days of receiving the Title Information Document. Leaving to one side whether you are technically breaching an undertaking in sending it to the wrong address, you run the risk of
Bank of Scotland suspending you off the panel because they are not receiving the deeds in accordance with the COT. It will not be a valid excuse to say that you sent it to an address that is no longer valid.
Our membership of the
Bank of Scotland conveyancing panel was terminated but was reinstated on appeal, do I need to disclose this information on my application for CQS accreditation?
It would be advisable to supply details of the date of removal, information on the reason for
removal, date of appeal and any reason given for reinstatement. This
should not negatively affect your application but gives the CQS team a complete picture of what has gone on.
I am on the
Bank of Scotland
conveyancing panel and due to complete a remortgage within the next week. My papers do not include a Mortgage Deed for the client to sign.
Who do I contact at Bank of Scotland to obtain duplicate documents?
You need to contact Bank of Scotland
to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an individual inquiry for banks to establish who to contact to obtain standard documents.
Bank of Scotland in their Part 2’s state:
Always remember to quote the firm’s Bank of Scotland conveyancing panel reference.
Find a Lawyer on the Bank of Scotland Solicitor Panel
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Average number of days to register title including a charge in favour of Bank of Scotland
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Bank of Scotland Firms
- Draft Report on Title precedent for Bank of Scotland borrowers
- Draft Anti Money Laundering PolicyTemplate for Bank of Scotland panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Bank of Scotland lender panel
- Buy-to-Let help for Bank of Scotland
- Consent-to-Let help for Bank of Scotland
- Contractor Mortgages with Bank of Scotland
