FAQs : The DB UK Bank Solicitor Panel
from members of the public
Is the fact that my conveyancer is not on the DB UK Bank Conveyancing panel that there is a problem with the quality of his work?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for DB UK Bank.
Can you clarify something for me?. My lawyer is not to blame but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from DB UK Bank was issued random date and we have agreed a date for me to move into the property on 10 days inc Day of week eg. Mon. My lawyer has advised that as she is on the DB UK Bank conveyancing panel she needs to redo the searches as they are no longer valid.
A precondition to being on the DB UK Bank approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on DB UK Bank)which states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to DB UK Bank.
What tools are available to find a local solicitor on the DB UK Bank conveyancing panel? I have a car and am prepared to travel up to 10 kilometers to meet the conveyancer.
Feel free to make use of the find a conveyancing panel search on this website. 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 DB UK Bank solicitor panel.
I am remortgaging my house does my lawyer have to be on the DB UK Bank Conveyancing panel?
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.
Do most banks 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.
Last month we had a mortgage agreed in principle with DB UK Bank. Solicitors have been instructed? How long does it take for DB UK Bank to send the offer to our conveyancer
Some lenders take longer than others. Have DB UK Bank done 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? It is not unusual for a mortgage offer to take a month to come through
Completion of my purchase has taken place with a mortgage from DB UK Bank. Conveyancing was satisfactory but I would like to complain about DB UK Bank. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the DB UK Bank branches or the Customer Services Department at DB UK Bank head office. In most cases complaints to DB UK Bank are sorted out very quickly. However if you are not satisfied that the matter is resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.