Looking for information about your firm's panel status?
Sainsbury's Bank Solicitor Panel: Recently Asked Questions
Are Sainsbury's Bank Conveyancing panel lawyers under an obligation to disclose incentives?
Sainsbury's Bank’s answer to this question can be found at section 6.4.4 of their CML Part 2 requirements
Will the fact that my practice has signed up to LENDERmonitor Alerts assist in my application to join the Sainsbury's Bank solicitor panel?
The criteria to join the Sainsbury's Bank conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
What can you suggest we do if we wish to challenge being removed from the
Sainsbury's Bank solicitor panel?
If you are removed from the
Sainsbury's Bank conveyancing panel and you are unaware of or disagree with the reasons for your removal you should: (a) Contact
Sainsbury's Bank directly. (b) If there is an appeals process detailed on your letter you should follow the process.
In appealing a decision by Sainsbury's Bank, it may be useful to provide the following information:
- Comprehensive disclosure of your firm’s conveyancing history
- A copy of your COMPLETIONmonitor reports if you use that service
- Your recent claims history
- Full details of all employees in your practice and their role.
- Note down if a solicitor has been admitted to the role on completion of the Qualified Lawyers Transfer Test.
- Supply duplicate practising certificates, the firm's current professional indemnity policy and your accountant's certificate, confirming what % of the firm's gross fee income is resulting from residential conveyancing
On appeal some solicitors have been able to regain membership to panels notwithstanding the policy by the respective lenders to refuse panel membership to firms with certain profiles or characteristics. The success is primarily due to the firms’ ability to persuade the lender to make an exception if there is sufficient evidence to reassure them that the firm is well risk-managed.
Are there any specific Sainsbury's Bank conveyancing panel obligations relating to Transfer of Equity Conveyancing?
Sainsbury's Bank approved solicitors are bound by the UK Finance Lenders’ Handbook instructions relating to Transfer of Equity. These are set out in Section 16.3. First, your firm must approve the form of Transfer of Equity (which should be in the Land Registry's standard form) and, if
Sainsbury's Bank require, the deed of covenant on their behalf. You will need to check
Sainsbury's Bank CML Part 2 conditions to see if
Sainsbury's Bank have standard forms of transfer and deed of covenant. Please note that this requirement can change from one transaction to another so do check! Second,When drafting or approving a transfer, you should bear in mind that: although the transfer should state that it is subject to the mortgage (identified by date and parties), it need give no details of the terms of the mortgage; the transfer need not state the amount of the mortgage debt. If it does, the figure should include both principal and interest at the date of completion, which you must check ; there should be no statement that all interest has been paid to date. Further obligations are set out in the UK Finance Lenders’ Handbook which have to be followed by all firms on the
Sainsbury's Bank conveyancing panel
My firm has just been advised that it’s Sainsbury's Bank panel membership suspended but we have not yet been given a reason as to why.
I am completing a CQS application questionnaire what information must I report?
In this situation please explain on the application what steps you have taken to discover the reasons behind cancellation of your
Sainsbury's 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 informing you as to why they reached this decision?
Our practice is on the
Sainsbury's Bank
conveyancing panel and scheduled to complete a remortgage shortly. I can not locate a Mortgage Deed for the client to sign.
Who do I contact at Sainsbury's Bank to obtain duplicate documents?
You should get in touch with Sainsbury's Bank
to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an explicit question for lenders to establish who to contact to obtain standard documents.
Sainsbury's Bank in their Part 2’s state:
It is likely that you will need to disclose your Sainsbury's Bank solicitors panel number.
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* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
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- Draft Report on Title precedent for Sainsbury's Bank borrowers
- Draft Anti Money Laundering PolicyTemplate for Sainsbury's Bank panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Sainsbury's Bank lender panel
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