Reliance Bank Conveyancing Panel Information

The CML do not hold historic copies of P2 conditions Pre January 2011. The CML advise that you contact Reliance Bank directly.

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.

The concern here is if you are expect to enter into ‘more onerous’ conditions that than the Handbook obligations. You have to try and take an objective view as to whether the Terms relating to the Reliance 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.

In the circumstances please explain on the application what action you have taken to find out 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 revocation of your panel membership did you receive any letters or calls from the lender informing you as to why they reached this decision?

You should communicate with Reliance Bank to obtain standard documents. The The Council of Mortgage Lenders Handbook has a specific section for banks to enumerate who to contact to obtain standard documents. Reliance Bank in their Part 2’s state: It is likely that you will need to quote your Reliance Bank solicitors panel number.