Co operative Bank Conveyancing Panel Information

The Council of Mortgage Lender requirements of Co operative Bank are silent on this. Most lenders deal with the issue of file retention via their Terms of panel appointment where they generally provide that for evidential purposes, the firm must keep the file for at least of 6 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 Co operative Bank’s interest. To be absolutely sure of Co operative Bank requirements in this regard please check the Terms and Conditions of Co operative Bank’s conveyancing panel acceptance.

For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the Co operative Bank conveyancing panel to see if you are entitled to a reason.

With banks and conveyancers working so closely together it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the Co operative Bank conveyancing panel but for all lender panels

7 people attempt to locate a conveyancing practitioner on the Co operative Bank panel each month in Hendon. Feel free to contact the Lexsure team who will tell how your firm can be found by those searching for conveyancing in Hendon.

Your insurance brokers are your best port of call to address this question. The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for Co operative Bank solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You would be advised to communicate with Co operative Bank to obtain standard documents. The CML Handbook incorporates an individual section for banks to cite who to contact to obtain standard documents. Co operative Bank in their Part 2’s state: Don’t forget to disclose your Co operative Bank solicitors panel reference.