Britannia Conveyancing Panel Information

Most lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with Britannia as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Britannia we suggest that you call Britannia to check the position.

Britannia approved solicitors are bound by the UK Finance Lenders’ Handbook 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 Britannia require, the deed of covenant on their behalf. You will need to check Britannia CML Part 2 conditions to see if Britannia 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 Britannia conveyancing panel

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

8 people search for a conveyancer on the Britannia panel each month in Hendon. Feel free to contact the Lexsure team who will tell how your firm can be listed by those searching for conveyancing in Hendon.

We would recommend that you 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 adversely impact your firm’s application but gives the CQS team viability as to what has occured.

You would be advised to get in touch with Britannia to obtain standard documents. The CML Handbook includes an express section for lenders to cite who to contact to obtain standard documents. Britannia in their Part 2’s state: Please remember to disclose the firm’s Britannia solicitors panel number.