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Sainsbury's Bank Conveyancing Panel: Recently Asked Questions
I am on the Sainsbury's Bank conveyancing panel. Can I get an archived copy of a Sainsbury's Bank Part 2 from the CML?
The Council of Mortgage Lenders do not maintain historic copies of the Part 2's pre-December 2010. We would advise that you make a request of Sainsbury's Bank directly.
Do Sainsbury's Bank or the Council of Mortgage Lenders run professional training Courses for the
Sainsbury's Bank approved conveyancing panel in the same way that CQS run CPD Courses for accredited firms?
No such training is arranged by the CML however they do provided numerous useful legal related conferences which are attended by firms on the Sainsbury's Bank conveyancing panel. We do intend to run specific lender focused seminars in the coming months including a webinar on Sainsbury's Bank’s Part 2 obligations. Solicitors on the Sainsbury's Bank conveyancing panel are welcome. Information about the webinar will be made available as part of the LENDERmonitor P2 change Notifications.
Are the CML planning on creating a searchable register search tool with a view
to to identify law firms on the
Sainsbury's Bank conveyancing panel?
We are not aware of any intention on the part of the CML to develop such a search facility.
I have been a solicitor for over 35 years never having had a negligence claim and have been refused acceptance on the
Sainsbury's Bank conveyancing panel with no explanation. Am I not entitled to a reason?
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
Sainsbury's Bank conveyancing panel to see if you are entitled to a reason.
Every so often I read a LENDERmonitor notification but I don't see that many important changes. For example, Fortunately my practice on the
Sainsbury's Bank conveyancing panel and get an alerts only advising of a change of address. Does that matter?
Yes it does matter because sending a communication or deeds to the wrong address can cause delays that might not only affect your borrower client but also impact your chances of staying on the
Sainsbury's Bank solicitor panel. Lets say that Sainsbury's Bank change their requirements as to where the post completion documents should be sent.
Do you change the details in your CMS? Is this recorded anywhere? Is this communicated to the staff? By virtue of your COT Sainsbury's Bank you are giving assurances that you will send the relevant documents within 10 days of receiving the Title Information Document. Putting to one side the academic question as to whether you are technically breaching an undertaking in sending it to the wrong address, you run the risk of
Sainsbury's Bank suspending you off the panel because they are not receiving the deeds in accordance with the COT. It will not be a valid excuse to say that you sent it to an address that is no longer valid.
We had our Sainsbury's Bank panel membership terminated but we have not yet been given an explanation yet.
I am completing a CQS application questionnaire what details must I put forward?
In the circumstances please explain on the application what action you have taken to discover the reasons behind cancellation of your
Sainsbury's Bank panel membership.
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 informing you as to why they reached this decision?
I am on the
Sainsbury's Bank
conveyancing panel and all set to complete a remortgage within the next few weeks. I dont have a Legal Charge for the client to sign.
Who do I contact at Sainsbury's Bank to request substitute deeds?
You would be advised to communicate with Sainsbury's Bank
to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates a specific question for lenders to set out who to contact to obtain standard documents.
Sainsbury's Bank in their Part 2’s state:
Don’t forget to quote the firm’s Sainsbury's Bank conveyancing panel reference.
Find a Lawyer on the Sainsbury's Bank Sainsburys Bank Conveyancing Panel
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Average number of days to register title including a charge in favour of Sainsbury's 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 | 31.2 |
* Data aggregated from sources including COMPLETIONmonitor
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