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State Bank of India UK Conveyancing Panel: Recently Asked Questions
I am hearing that agents are using online checkers to see if a firm is on a lender panel. Why?
The fact of the matter is that estate agents will be feeling the pain if their clients start out on the conveyancing process using a conveyancer who is not on the panel with the purchaser’s chosen lender. Many
conveyancing firms are only discovering when they begin working on a
case that they are no longer able to work with that lender. Given
the inevitable resultant delays in the transaction the chances of an
abortive deal increases dramatically. in the circumstances there is
understandable anguish on the part of the estate agent as a result of
the lost time should the client have to change solicitors .
It is possible that State Bank of India UK could request or audit my files as I am on the
State Bank of India UK conveyancing panel. How should I respond in the event of such a demand?
We can't comment specifically on
State Bank of India UK. 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 borrower 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 he is in arrears with the lender she 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.
My PI renewal application this year contained the following question: ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the UK Finance Lenders’ Handbook?’ My firm is on numerous lender panels including the
State Bank of India UK conveyancing panel. We have Terms and Conditions of appointment which we have to follow. Am I supposed to mention these Terms ?
The key here is the caveat ‘more onerous’.
You have to try and take an objective view as to whether the Terms relating to the
State Bank of India UK 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.
I have been a qualified solicitor for nearly 20 years without a single claim against me and have been refused acceptance on the
State Bank of India UK 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
State Bank of India UK conveyancing panel to see if you are entitled to a reason.
Every so often I read a LENDERmonitor notification but I seldom see significant changes. For instance, My firm on the
State Bank of India UK conveyancing panel and receive a notification 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
State Bank of India UK conveyancing panel. Lets say that State Bank of India UK change their requirements as to where the post completion documents should be sent.
Do you update the details in your CMS? Do you make a note? Is this information passed on to secretaries and assistants? In your Certificate of Title to State Bank of India UK you are giving assurances that you will forward 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
State Bank of India UK 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.
Does Conveyancing Quality Scheme acceptance secure my firm’s acceptance on to lenders conveyancing panels?
CQS accreditation gives no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to remain on their panels. A number of mortgage companies now use the Conveyancing Quality Scheme accreditation as the starting point for Panel approval as is the case with HSBC.
I am on the
State Bank of India UK
conveyancing panel and scheduled to complete a purchase within the next few weeks. My file does not contain a Legal Charge for the client to sign.
Who do I contact at State Bank of India UK to obtain duplicate documents?
You should communicate with State Bank of India UK
to obtain standard documents. The CML Handbook contains a specific inquiry for banks to set out who to contact to obtain standard documents.
State Bank of India UK in their Part 2’s state:
Don’t forget to disclose the firm’s State Bank of India UK conveyancing panel number.
Find a Lawyer on the State Bank of India UK Solicitor Panel
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Average number of days to register title including a charge in favour of State Bank of India UK
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited State Bank of India UK Firms
- Draft Report on Title precedent for State Bank of India UK borrowers
- Draft Anti Money Laundering PolicyTemplate for State Bank of India UK panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the State Bank of India UK lender panel
- Buy-to-Let help for State Bank of India UK
- Consent-to-Let help for State Bank of India UK
- Contractor Mortgages with State Bank of India UK
