DB UK Bank Conveyancing Panel Information

Lexsure has not been advised of any intention on the part of the CML to develop such a search facility.

You might expect DB UK Bank via their Part Two requirements to address this but the Handbook is silent on time frames. You need to look at the Terms of DB UK Bank’s Conveyancing Panel Appointment that you are bound by. For a number of banks these Terms include a provision 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 important 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.

There are many reports available, five of which are as follows:

• Analysis as to the nature of clients (e.g.existing/new/seen in person)
• Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
• Buy to Let transactions
• Average mortgage advance
• Evidence of undertaking logs

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 need to communicate with DB UK Bank to obtain standard documents. The CML Handbook incorporates an individual section for banks to enumerate 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 reference.