Bank of Scotland Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. It is a unique risk mitigation tool.

This software optimises the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Bank of Scotland’s changes. While using this technology is not a prerequisite for Bank of Scotland , demonstrating you can stay up to date with Bank of Scotland’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, protect your firm’s panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Bank of Scotland

Lenders frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Bank of Scotland are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes


Since 2008, Bank of Scotland has made 353 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 7.7 days. In total, 48% of the sections of P2 of the UK Finance Lenders’ Handbook for Bank of Scotland have been changed since 15/12/2008.

To find out more about lender panel compliance,

Book a Personalised Demo

Recent Changes Include

# Date Assoc. Changes Related To
17.1.1 29/08/2018 CML
6.7.1 13/08/2018 CML
17.2.1a 15/03/2018 CML
16.5.3b 16/01/2018 CML
6.7.1 10/07/2017 CML
6.7.1 19/05/2017 CML
5.13.1 26/08/2016 CML Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance
10.7 23/05/2016 CML
5.13.1 23/05/2016 CML Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance
7.4 23/05/2016 CML

Last update 07/11/2019

Bank of Scotland Conveyancing Panel Example Support Desk Enquires from members of the public

It has come to my attention via my financial adviser that my property lawyer is not on the Bank of Scotland Conveyancing panel. What can I do to be sure that this is correct?
You need to contact your lawyer directly. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the the approved Bank of Scotland solicitor panel.
My lawyer has discovered an inconsistency between the surveyor’s assumptions in Bank of Scotland’s home valuation survey and what is in the legal papers for the property. My lawyer says that as he is on the Bank of Scotland conveyancing panel he must ensure that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action right?
A precondition to being on the Bank of Scotland approved panel is to comply with the CML Handbook requirements (last updated for this lender on Bank of Scotland) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
How do I search for a local solicitor on the Bank of Scotland conveyancing panel? I have a car and am prepared to travel up to 20 kilometers to meet the solicitor.
You can use the find a conveyancing panel tool on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Bank of Scotland solicitor panel.
I would like to get my former partner removed the mortgage deeds. Can Bank of Scotland really tell me which solicitor I can or can not retain?
You can use any solicitor you like but Bank of Scotland then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Bank of Scotland solicitors panel
Are all Conveyancing Quality Solicitors on the Bank of Scotland conveyancing panel?
A selection of lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
I had instructed online conveyancers located in Cardiff who are on the Bank of Scotland solicitor panel. They have just invoiced me a separate fee of £135 for the legal aspects of the Bank of Scotland mortgage. Is this a supplemental conveyancing fee specified by Bank of Scotland?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Bank of Scotland but by your lawyers. Some firms on the Bank of Scotland will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
I am currently in the process of buying my council flat. I have a mortgage agreed with Bank of Scotland. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Bank of Scotland you will need to appoint a solicitor on the Bank of Scotland conveyancing panel.