Looking for information about your firm's panel status?
DB UK Bank Conveyancing Panel: Recently Asked Questions
Is it the case that the Law Society has recommended that firms check their status on the
DB UK Bank conveyancing panel?
The Scottish Law Society has suggested that solicitors should check their lender panel status before accepting client instructions to act. The advice is lender-agnostic as it does not relate specifically to solicitors on the
DB UK Bank conveyancing panel. The suggestion arises from the practice of a number of mortgage lenders who remove solicitors from their panels without prior notice as part of their panel management system, which can lead to some solicitors discovering this only once instructed. This is sensible advice as a client finding out midway through a transaction that their lawyer is not on the approved lender panel is very frustrating and can lead to complaints. Many online consumer forums contain posts where someone is complaining about finding that their lawyer is not on a lender conveyancing panel. Such forums include moneysavingexpert.com
Why are Estate Agents using search tools to check if lawyers are on a lenders conveyancing panel?
The fact of the matter is that estate agents will be suffering if their clients start out on the conveyancing process using a conveyancer who is not on the panel with the purchaser’s chosen lender. Many
conveyancing firms are only discovering when they begin working on a
case that they are no longer able to work with that lender. Given
the inevitable resultant delays in the transaction the chances of an
abortive deal increases dramatically. in the circumstances there is
understandable anguish on the part of the estate agent as a result of
the lost time should the client have to change solicitors .
My practice have never been on the
DB UK Bank conveyancing panel as well other lenders.
My clients, who have applied for a mortgage with DB UK Bank wish use my firms conveyancing services regardless of the fact that we are not on the
DB UK Bank panel. Am I doing anything wrong is suggesting to my client that they use a firm down the road to act for
DB UK Bank on mortgage aspect of the conveyancing?
You need to be careful 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. Many lenders 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 conveyancing firm.
You also need to make the costs implications and potential for delay very clear to your client.
I have read a number of legal articles recently about firms being sued for non-compliance with Part 2 requirements . I am on the
DB UK Bank conveyancing panel can you tell me how Part 2 changes took place by
DB UK Bank during 2013?
During 2013, 74 sections of the UK Finance Lenders’ Handbook P2 were changed by
DB UK Bank. Some changes are more important than others but as a firm on the
DB UK Bank conveyancing panel you are of course obliged to comply with individual lender requirements, as set out in Part II of the UK Finance Lenders’ Handbook. Locktons have recently pointed out in an article that non-compliance with Part 2 requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.
Remember: CML requirements are not guidelines; they are the lender client’s instructions.
I noticed the following question on my PI renewal form this year ‘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 approved panels including the
DB UK Bank conveyancing panel. We have Terms and Conditions of appointment which we are duty bound to comply with. Should I reference these Terms ?
The key here is the caveat ‘more onerous’.
You have to try and take an objective view as to whether the Terms relating to the
DB UK 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.
JLT’s PII renewal form questions if my firm had been removed off any mortgage panels in the last 12 months.
I just discovered that the firm is no longer on the
DB UK Bank conveyancing panel? Is this likely to effect my PII cover?
The best placed professionals to answer this question are your insurance brokers.
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 DB UK Bank solicitor panel
membership. Please remember that it is always important that you
complete your insurance forms accurately.
I am on the
DB UK Bank
conveyancing panel and all set to complete a purchase within the next week. My file does not contain a Mortgage Deed for the client to sign.
Who do I contact at DB UK Bank to obtain duplicate documents?
You should communicate with DB UK Bank
to obtain standard documents. The CML Handbook includes a specific question for banks to enumerate who to contact to obtain standard documents.
DB UK Bank in their Part 2’s state:
Please remember to quote your DB UK Bank conveyancing panel number.
Find a Lawyer on the DB UK Bank Conveyancing Panel
powered by LenderPanel
Average number of days to register title including a charge in favour of DB UK Bank
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
| 2019 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited DB UK Bank Firms
- Draft Report on Title precedent for DB UK Bank borrowers
- Draft Anti Money Laundering PolicyTemplate for DB UK Bank panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the DB UK Bank lender panel
- Buy-to-Let help for DB UK Bank
- Consent-to-Let help for DB UK Bank
- Contractor Mortgages with DB UK Bank
