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Danske Bank Solicitor Panel: Recently Asked Questions
Are Danske Bank Conveyancing panel lawyers obliged to disclose incentives?
Danske Bank’s answer to this question can be found at section 6.4.4 of their CML Part 2 requirements
My PI renewal application this year contained the following question: ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the UK Finance Lenders’ Handbook?’ My firm is on a number of lender panels including the
Danske Bank conveyancing panel. We have Terms and Conditions of appointment which we have to follow. Am I supposed to mention these Terms ?
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
Danske Bank 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.
The firm that I work for is on the
Danske Bank conveyancing panel. I am dealing with
Danske Bank mortgage on a purchase. My borrower client is asking not to disclose an issue to
Danske Bank. What do I do in this conflict situation?
When a solicitor is acting for both
Danske Bank and borrower there is potential for conflicts
to arise. You owe duties to both clients. All information received by
you from your client is confidential and cannot be disclosed without
the client’s consent. In the situation you find yourself in if the
purchaser will not consent to the information being passed on to the
lender the solicitor must cease to act for the Danske Bank
and it may well be prudent you to cease to act for the purchaser as
well. You can not tell the Danske Bank the reason for
termination of the retainer over and above the fact that a conflict
has arisen. The fact that you can no longer act should alert even the
most somnambulistic of lenders that something is wrong with the
borrower and/or purchase. The fact that you have disinstructed
yourself should not affect your Danske Bank conveyancing
panel status.
I have been a sole practitioner for approximately 30 years enjoy an unblemished record and have been refused acceptance on the
Danske Bank conveyancing panel with no explanation. Am I not entitled to to know why?
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
Danske Bank conveyancing panel to see if you are entitled to a reason.
My lawyers pass me the odd LENDERmonitor email but I don't see that many important changes. For instance, Fortunately my practice on the
Danske Bank conveyancing panel and get an alerts only advising of a change of address. Why is that of any relevance?
It is important that you take note of such changes because sending a communication or deeds to the wrong address can cause delays that might not only affect your borrower client but also impact your chances of staying on the
Danske Bank solicitor panel. Is possible next month that Danske Bank change their requirements as to where the post completion documents should be sent.
Do you update the details in your CMS? Do you make a note? Is this information passed on to secretaries and assistants? By virtue of your COT Danske Bank you are giving assurances that you will forward the relevant documents within 10 days of receiving the TID. Putting to one side the academic question as to whether you are in breach of an undertaking in sending it to the wrong address, you run the risk of
Danske Bank suspending you off the panel because they are not receiving the deeds in accordance with the COT. It will not be a valid excuse to say that you sent it to an out of date postal address or DX details.
my firm’s membership of the
Danske Bank conveyancing panel was suspended but was reinstated on appeal, do I need to disclose these details on my application for CQS accreditation?
You should supply 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 application but gives the Law Society viability as to what has gone on.
My firm is listed on the
Danske Bank
conveyancing panel and scheduled to complete a remortgage shortly. My papers do not include a Mortgage Deed for the client to sign.
Who do I contact at Danske Bank to obtain duplicate documents?
You should get in touch with Danske Bank
to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an express question for lenders to cite who to contact to obtain standard documents.
Danske Bank in their Part 2’s state:
Please remember to disclose your Danske Bank conveyancing panel number.
Find a Lawyer on the Danske Bank Conveyancing Panel
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Average number of days to register title including a charge in favour of Danske Bank
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Danske Bank Firms
- Draft Report on Title precedent for Danske Bank borrowers
- Draft Anti Money Laundering PolicyTemplate for Danske Bank panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Danske Bank lender panel
- Buy-to-Let help for Danske Bank
- Consent-to-Let help for Danske Bank
- Contractor Mortgages with Danske Bank
