DB UK Bank Conveyancing Panel Information

Criteria differ from lender to lender. We do not hold specific requirements relating to the questions raised as part of the application to be on the DB UK Bank conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

Full complaints history for each licensed conveyancer

top-up split and history of any refusals

Summary of annual accounts

House price discrepancies (declared to lender vs. registered at Land Registry)

Full complaints history for each conveyancing solicitor

Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers

List of all those who can sign off the Certificate Of Title

List of fee-earners who are foreign qualified

Whether the firm has ever accepted instructions in respect of property clubs and investment schemes

Whether the firm has ever applied for accreditation and the outcome of the application

One might ordinarily expect DB UK Bank via their Part Two conditions to address this but the Handbook makes no mention on deadlines to send deeds. Do look at the Terms of DB UK Bank’s Conveyancing Panel Appointment that you entered into. For many lender's these Terms contain a clause such as: ‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is imperative to keep DB UK Bank updated. Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.

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.

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 DB UK Bank solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You would be advised to get in touch with DB UK Bank to obtain standard documents. The CML Handbook has an individual question for banks to set out who to contact to obtain standard documents. DB UK Bank in their Part 2’s state: It is likely that you will need to quote the firm’s DB UK Bank solicitors panel number.