Barclays plc Conveyancing Panel Information

The key here is the caveat ‘more onerous’. You have to try and take an objective view as to whether the Terms relating to the Barclays plc conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the UK Finance Lenders’ Handbook Conditions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before completing the answer.

Barclays plc approved panel lawyers have to comply with the Part II instructions relating to Transfer of Equity. These are set out in Section 16.3. First, your firm must approve the form of Transfer of Equity (which should be in the Land Registry's standard form) and, if Barclays plc require, the deed of covenant on their behalf. You will need to check Barclays plc CML Part 2 conditions to see if Barclays plc have standard forms of transfer and deed of covenant. Please note that this requirement can change from one transaction to another so do check! Second,When drafting or approving a transfer, you should bear in mind that: although the transfer should state that it is subject to the mortgage (identified by date and parties), it need give no details of the terms of the mortgage; the transfer need not state the amount of the mortgage debt. If it does, the figure should include both principal and interest at the date of completion, which you must check ; there should be no statement that all interest has been paid to date. Further obligations are set out in the UK Finance Lenders’ Handbook which have to be followed by all firms on the Barclays plc conveyancing panel

On the basis that your firm in is on the Barclays plc conveyancing panel and you are representing 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 Barclays plc are to lend, they may require indemnity insurance. In any event,you will need to check Barclays plc’s specific requirements. Notwithstanding whether Barclays plc will lend in such circumstances you still need to advise the borrower (unless you are acting for Barclays plc alone) as to the risks of buying a property with an insolvent or absentee freeholder.

8 potential conveyancing clients attempt to locate a property lawyer on the Barclays plc panel on a monthly basis in Hendon. Feel free to contact the Lexsure team who will tell how your firm can be identified by those searching for conveyancing in Hendon.

CQS accreditation is no guarantee to lender panel acceptance. Nevertheless the Council of Mortgage Lenders have indicated that it is likely to become a prerequisite for firms wishing to join their approved list of conveyancing solicitors. Some Lenders now use the scheme as the starting point for Panel membership as is the case with Astra Mortgages.

You need to communicate with Barclays plc to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an explicit section for banks to cite who to contact to obtain standard documents. Barclays plc in their Part 2’s state: Please remember to quote the firm’s Barclays plc solicitors panel reference.