FAQs for the DB UK Bank Solicitor Panel
from members of the public
For what reasons could a firm of solicitors be removed from the DB UK Bank approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been removed from a lender panel. The most common reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by DB UK Bank
My lawyer has discovered a discrepancy when comparing the information in DB UK Bank’s home valuation survey and what is in the title deeds. My lawyer says that as he is on the DB UK Bank conveyancing panel he needs to check that the lender is with this discrepancy and is still content to lend. Is my solicitor’s course or action correct?
A precondition to being on the DB UK Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on DB UK Bank) 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.
Whilst your website is a good idea there are many lawyers listed near Leeds on the DB UK Bank conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the DB UK Bank 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. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
My uncle passed away six months ago and as sole heir and executor was left the house. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to DB UK Bank , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then DB UK Bank will insist on your using a conveyancer on the DB UK Bank conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your DB UK Bank conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the DB UK Bank mortgage is registered as a charge at the Land Registry.
Do conveyancing solicitors on the DB UK Bank conveyancing panel work on a no sale no fee basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
We are getting a further advance on our mortgage from DB UK Bank as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the DB UK Bank conveyancing panel to deal with the paperwork?
DB UK Bank would not normally appoint a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the DB UK Bank panel
My brother and I have agreed a price on a house I spoke to a conveyancer previously used by my uncle and he advised retaining a property lawyers approved by DB UK Bank. The estate agent recommended two local firms so I asked DB UK Bank if the 2 suggested solicitors are approved, which they are not. DB UK Bank suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of DB UK Bank 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of DB UK Bank to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the DB UK Bank conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto DB UK Bank conveyancing panel as it may only take about 2-3 weeks. As long as they meet DB UK Bank’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.