Birmingham Midshires Conveyancing Panel Information

The concern here is if you are expect to enter into ‘more onerous’ conditions that than the Handbook obligations. You have to try and take an objective view as to whether the Terms relating to the Birmingham Midshires 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 moving forward on this question.

There are various requirements you need to follow if you wish to comply with your lender client’s instructions as set out in the UK Finance Lenders’ Handbook. (a) You must take reasonable steps to verify that there are no discrepancies between the description of the property as valued and the title and other documents which a reasonably competent conveyancer should obtain, and, if there are, you must tell Birmingham Midshires immediately. (II) You should take reasonable steps to verify that the assumptions stated by the valuer about the title (for example, its tenure, easements, boundaries and restrictions on its use) in the valuation and as stated in Birmingham Midshires’s mortgage offer are correct. If they are not, please let Birmingham Midshires know as soon as possible as it will be necessary for Birmingham Midshires to check with the valuer whether the valuation needs to be revised. Birmingham Midshires conveyancing panel solicitors are not expected to assume the role of valuer. Birmingham Midshires are simply trying to ensure that the valuer has valued the property based on correct information. (c) Birmingham Midshires recommend that you should advise the borrower that there may be defects in the property which are not revealed by the inspection carried out by their valuer and there may be omissions or inaccuracies in the report which do not matter to them as a lender but which would matter to the borrower. Birmingham Midshires recommend that, if we send a copy of a valuation report that Birmingham Midshires have obtained, you should also advise the borrower that the borrower should not rely on the report in deciding whether to proceed with the purchase and that he obtains his own more detailed report on the condition and value of the property, based on a fuller inspection such as a homebuyers report or structural survey. If you do not receive a copy of the valuation you can always ask for a copy of one from Birmingham Midshires or the borrower. You still need to comply with the UK Finance Lenders’ Handbook Requirement relating to valuation reports even if you don't receive one directly. Failure to comply not only runs the risk of facing a claim by the lender but also being removed from the Birmingham Midshires conveyancing panel

Given that your practice in is on the Birmingham Midshires 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 Birmingham Midshires are to lend, they may require indemnity insurance. In any event,you will need to check Birmingham Midshires’s specific requirements. Notwithstanding whether Birmingham Midshires will lend in such circumstances you still need to advise the borrower (unless you are acting for Birmingham Midshires alone) as to the risks of buying a property with an insolvent or absentee landlord.

You should provide 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 happened.

You need to communicate with Birmingham Midshires to obtain standard documents. The The Council of Mortgage Lenders Handbook includes a specific question for lenders to set out who to contact to obtain standard documents. Birmingham Midshires in their Part 2’s state: It is likely that you will need to disclose the firm’s Birmingham Midshires solicitors panel reference.