Bradford & Bingley Conveyancing Panel Recently Asked Questions
from members of the public
I would like to know the reason why all property lawyers aren't included on the Bradford & Bingley Conveyancing panel?
Before the recession most lenders had an appetite for risk which was higher than today. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors that you are dealing with. Consequently, lenders have regularly sought more information from law firms about their operations and the individuals who work for them and set certain criteria such a completing on a minimum number of transactions. Many firms that have been excluded from lender panels have 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of volume of transactions the lenders required.
I do hope you can help me. My conveyancer is informing me me that he has to apply for a Local Authority search because the firm are on the Bradford & Bingley solicitor panel. Is my lawyer correct?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with Bradford & Bingley your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Bradford & Bingley’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Bradford & Bingley. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Your search tool is useful but there are many lawyers listed near Manchester on the Bradford & Bingley conveyancing panel. Can you recommend a specific firm on the Bradford & Bingley approved panel?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
I am in the process of refinancing my apartment does my lawyer need to be on the Bradford & Bingley Solicitor panel?
There is nothing to stop you using your solicitor but Bradford & Bingley will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Are all solicitor practices on the Bradford & Bingley conveyancing panel overseen by the SRA?
As solicitors, in order to be on the Bradford & Bingley conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I had instructed online conveyancers based in Bristol who are on the Bradford & Bingley solicitor panel. They are now charging me a separate fee of £175 for the legal aspects of the Bradford & Bingley mortgage. Is this an additional conveyancing fee set by Bradford & Bingley?
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 Bradford & Bingley but by your lawyers. Some firms on the Bradford & Bingley will charge an ‘acting for lender’ fee and others do not.
Can I register a complaint to Bradford & Bingley about the lawyers being on the Bradford & Bingley conveyancing panel?
Complaining to Bradford & Bingley about their conveyancing panel is unlikely to yield much of a response. All solicitors and conveyancer must have a complaints procedure. Usually one can find this information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is properly dealt with by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.