Frequently asked questions relating to the DB UK Bank Solicitor Panel from members of the public
My financial adviser has informed me that I have to pay DB UK Bank fees if I use my own solicitor. How good are the DB UK Bank conveyancing panel solicitors? I dont care which law firm I use provided that they are good and reasonably priced. Would you recommend a specific law firm on the DB UK Bank panel?
DB UK Bank’s conveyancing panel is substantial so it would be advisable to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that DB UK Bank will allow to act for them.
Expecting to complete my purchase next Tuesday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as as he informs me that he is duty bound to validate that it is in order for DB UK Bank. What risks do DB UK Bank expect the insurance to cover?
All property lawyers on the DB UK Bank conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in DB UK Bank’s Part 2 requirements of the CML Handbook (last updated on DB UK Bank). Being on the DB UK Bank conveyancing panel your lawyer is expect to follow these requirements.
I need to find a DB UK Bank panel solicitor in Belfast. Could you help me?
Unfortunately it’s not apparent why you need a DB UK Bank panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to DB UK Bank to find out which solicitors in DB UK Bank are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
I am considering applying for a DB UK Bank mortgage for purchase of a new build (under development) with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for DB UK Bank?
In theory, you could use a solicitor that is not on DB UK Bank conveyancing panel, but DB UK Bank would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the DB UK Bank conveyancing panel?
A selection of lenders now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.
I have today made my last payment due on mortgage with DB UK Bank. I assume I don't need a solicitor on the DB UK Bank panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your DB UK Bank mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the DB UK Bank mortgage from the register. DB UK Bank,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the DB UK Bank has sent the Land Registry the discharge electronically, and
the DB UK Bank has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your DB UK Bank mortgage has been paid off.
Intending to buy a house with a mortgage with DB UK Bank. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the DB UK Bank conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the DB UK Bank conveyancing panel