Frequently asked questions relating to the DB UK Bank Solicitor Panel
from members of the public
I am getting a mortgage with DB UK Bank. I would like to use a Licensed Conveyancer. Does the DB UK Bank Solicitor panel include Licensed Conveyancers
DB UK Bank’s approved solicitor list is, like many other lenders represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
I am purchasing a new build flat and my conveyancer is telling me that she has to disclose incentives from the developer as her firm is on the DB UK Bank conveyancing panel. I am on a tight deadline to exchange contracts and I have no desire to delay matters. Can I insist on an exchange regardless of what my lawyer says about being on the DB UK Bank panel?
You should not exchange unless you have advised to do so by your lawyer. 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). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do lenders provide you with an approved list of solicitors? How do you know who is on the DB UK Bank conveyancing panel?
The law firm practices themselves provide us confirmation that they are on the DB UK Bank conveyancing panel as opposed to being supplied with a list from DB UK Bank directly.
My solicitors in Leeds have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with DB UK Bank. Is it case that being on the DB UK Bank conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the DB UK Bank Conveyancing Panel Terms. It might be worth you contacting DB UK Bank directly.
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the DB UK Bank conveyancing panel requirements are different to DB UK Bank’s conveyancing panel requirements.
Two weeks ago we had a mortgage agreed in principle with DB UK Bank. Solicitors have been chosen? How long does it take for DB UK Bank to send the offer to our conveyancer
There is no definitive answer here. Have DB UK Bank conducted the survey? Have you advised DB UK Bank as your lawyers details and checked that your lawyer is on the DB UK Bank conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
I am currently in the process of buying my council flat. I have a mortgage agreed with DB UK Bank. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use 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 DB UK Bank you will need to appoint a solicitor on the DB UK Bank conveyancing panel.