Birmingham Bank Conveyancing Panel Information

We are not aware of any intention on the part of the CML to develop such a tool.

The CML Part II requirements of Birmingham Bank are silent on this. Most lenders address the question of file retention via their Terms and Conditions where they generally provide that for evidential purposes, the firm must keep the file for a minimum six years from the date of the mortgage. Data imagining is normally suitable compliance with this requirement. Many lenders point out in that it is the practice of some fraudsters to demand the conveyancing file on completion in order to destroy evidence that may later be used against them. It is therefore important to retain these documents to protect Birmingham Bank’s interest. To be absolutely sure of Birmingham Bank requirements in this regard please check the Terms and Conditions of Birmingham Bank’s conveyancing panel acceptance.

As is the case with the Law Society the Council of Licensed Conveyancers has begun dialogue with lenders and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than via ad hoc arrangements that can differ from lender to lender. It is likely that that the CLC have been in touch with lenders such as Birmingham Bank in the recent past.

With mortgage companies and property lawyers working so closely together it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the Birmingham Bank conveyancing panel but for all mortgage panel listings

CQS membership gives 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 CQS as the starting point for Panel membership as is the case with HSBC.

You should get in touch with Birmingham Bank to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an individual inquiry for banks to set out who to contact to obtain standard documents. Birmingham Bank in their Part 2’s state: It helps to disclose the firm’s Birmingham Bank conveyancing panel reference.