Danske Bank Conveyancing Panel Information

Section 16.2.1 of Part 1 of the Handbook applicable to a solicitor on the Danske Bank conveyancing panel reads ‘Our mortgage secures further advances. Consequently, when a further advance is required for alterations or improvements to the property we will not normally instruct a member of our conveyancing panel but if you are instructed the appropriate provisions of this Handbook will apply’.

Please tread carefully here as what you are suggesting may not be acceptable to the lender. It is possible that you (as a non-panel firm) or the mortgage applicant are not entitled instruct a panel firm of your choice. Lenders such as Nationwide BS make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender will appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancer. You also need to make the costs implications and potential for delay very clear to your client.

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.

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

We would recommend that you 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 negatively affect your application but gives the Law Society a complete picture of what has happened.

You need to get in touch with Danske Bank to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates a specific question for lenders to reveal who to contact to obtain standard documents. Danske Bank in their Part 2’s state: It helps to quote the firm’s Danske Bank conveyancing panel reference.