Common questions asked concerning the Handelsbanken Conveyancing Panel
from members of the public
For what reasons could a firm of solicitors be removed from the Handelsbanken solicitor panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been removed from a lender panel. The most common reasons in order are :
- lack 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 Handelsbanken
My lawyer has spotted an inconsistency when comparing the surveyor’s assumptions in Handelsbanken’s valuation report and what is revealed within the title deeds. My lawyer informs me that as he is on the Handelsbanken conveyancing panel he is duty bound to check that the lender is OK with this discrepancy and is content go ahead. Is my conveyancer’s course or action appropriate?
A precondition to being on the Handelsbanken approved panel is to comply with the CML Handbook requirements (last updated for this lender on Handelsbanken) 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 you.
I note that you have a search directory identifying solicitors on the Handelsbanken conveyancing panel. Do firms pay you a referral fee if I appoint them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Handelsbanken conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
My solicitors in Newcastle have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with Handelsbanken. Is it case that being on the Handelsbanken conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender 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 Handelsbanken Conveyancing Panel Terms. It might be worth you contacting Handelsbanken directly.
When it comes to lenders such as Handelsbanken do solicitors have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I previously instructed online conveyancers based in Cardiff who are on the Handelsbanken solicitor panel. They have just invoiced me a separate fee of £135 for dealing with the Handelsbanken mortgage. Is this an additional conveyancing fee specified by Handelsbanken?
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 Handelsbanken but by your lawyers. Some firms on the Handelsbanken will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
My ex -wife’s name is on the Handelsbanken mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Handelsbanken mortgage in order to sell?
As regards the Handelsbanken mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Handelsbanken in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.