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Reliance Bank Conveyancing Panel: Recently Asked Questions
I am on the Reliance Bank conveyancing panel. Can I get an archived copy of a Reliance Bank Part 2 from the CML?
The Council of Mortgage Lenders do not hold duplicates of the Part 2's Pre January 2011. We would advise that you contact Reliance Bank directly.
I understand that Reliance Bank could request or audit my files as I am on the
Reliance Bank conveyancing panel. What do I do if I receive such a request?
We can't comment specifically on
Reliance Bank. Many major lenders are now introducing ‘file auditing’ as standard practice in relation to completed matters. This raises questions of confidentiality in relation to the buyer client and the purpose to which the results of such audits will be put. The starting point is to remember that the file does not belong to your firm, it belongs to the ‘client’. But, of course, we will normally have two clients – the buyer and the lender - and you will owe a duty of confidentiality to each. So basically, you have to separate the file and just send the lender the parts solely relating to themselves. But, of course, as this will basically be correspondence with the lender, mortgage instructions etc.
Check with your COLP but a firm should not send the complete conveyancing file without the buyer client’s express consent – and if she is in dispute with the lender he is hardly likely to agree. However, if the lender can establish a prima facie case of fraud, then you may be under an obligation to disclose the whole file.
The emerging convention is that lenders are including an authority to disclose in loan application forms to counter this problem. Mortgage Express v Sawali, [2010] EWHC 3054 (Ch) indicates that such provisions are valid. Please click here for more information about that case.
I recently attended a seminar arranged via my PI broker where it was mentioned that solicitors are being sued for non-compliance with CML PII obligations . I am on the
Reliance Bank conveyancing panel can you tell me how Part 2 changes took place by
Reliance Bank during 2013?
During 2013, 0 sections of the UK Finance Lenders’ Handbook P2 were changed by
Reliance Bank. Some changes are more important than others but as a firm on the
Reliance 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 have been a sole practitioner for approximately 35 years without a single claim against me and have been refused acceptance on the
Reliance 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
Reliance Bank conveyancing panel to see if you are entitled to a reason.
The firm I run is a Lexcel accredited firm on the Reliance Bank conveyancing panel. How can we advertise our firm as specialists in conveyancing in Hendon authorised to act forReliance Bank?
12 consumers search for a conveyancing practitioner on the Reliance Bank panel on a monthly basis in Hendon. Please contact the team at lenderpanel.com to see how your firm can be listed by those searching for conveyancing in Hendon.
My firm has just been advised that it’s Reliance Bank panel membership suspended but we have not yet been given a reason as to why.
I am completing a CQS application questionnaire what details should I put forward?
In this situation please explain on the form what action you have taken to discover the reasons behind cancellation of your
Reliance Bank panel status.
In particular please provide details if you have received communications from the lender. E.G. before termination of your panel membership did you receive any letters or calls from the lender advising you as to their reasons?
My firm is listed on the
Reliance Bank
conveyancing panel and due to complete a purchase within the next few weeks. My papers do not include a Legal Charge for the client to sign.
Who do I contact at Reliance Bank to obtain duplicate documents?
You should get in touch with Reliance Bank
to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an express inquiry for banks to reveal who to contact to obtain standard documents.
Reliance Bank in their Part 2’s state:
Please remember to disclose your Reliance Bank solicitors panel reference.
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Average number of days to register title including a charge in favour of Reliance 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
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