Handelsbanken Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and professional indemnity insures. COMPLETIONmonitor is a unique risk mitigation tool.

This software assists the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Handelsbanken’s changes. Notwithstanding that utilising the tool is not a prerequisite for Handelsbanken , demonstrating you can remain up to date with Handelsbanken’s Handbook requirements is an excellent support to your panel application and, more importantly, safeguard your panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by Handelsbanken

Mortgage companies often change their requirements. The UK Finance Lenders’ Handbook requirements from Handelsbanken are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes


Since 2008, Handelsbanken has made 14 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 195.0 days. In total, 3% of the sections of P2 of the UK Finance Lenders’ Handbook for Handelsbanken have been changed since 15/12/2008.

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FAQs : The Handelsbanken Conveyancing Panel from members of the public

I am in the process of selling my maisonette and the estate agent has just e-mailed to warn that the buyers are swapping solicitor. I am told that this is due to the fact that Handelsbanken will only work with property lawyers on their approved list. Why would a leading lender only deal with specific lawyers?
Mortgage companies have always had an approved set of law firms they are willing to work with, but in the past few years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.

Lenders blame a rise in fraud as the reason for the cull – criteria have been tightened and a smaller panel should be easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels, or have other concerns about them. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyer’s case. Your purchasers are unlikely to have any sway in the decision.

I am buying a newly built flat and my conveyancer is informing me that she is duty bound to reveal incentives from the builder as her firm is on the Handelsbanken conveyancing panel. I am on a tight deadline to sign contracts and I have no desire to prolong the conveyancing. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Handelsbanken approved panel is to comply with the CML Handbook requirements (last updated for this lender on Handelsbanken). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I see that you have a search directory listing law firms on the Handelsbanken conveyancing panel. Do firms pay you a commission 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.
I am trying to get my ex-husband removed the mortgage deeds. Can Handelsbanken really tell me which solicitor I can or can not use?
You can use any solicitor you like but Handelsbanken then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Handelsbanken solicitors panel
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Handelsbanken 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 is 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 remain on their panels.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Handelsbanken have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Handelsbanken your lawyer must to check the Handelsbanken conveyancing instructions contained in the Part of CML Handbook for Handelsbanken . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Handelsbanken where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
I have decided to exercise my right to buy my property off the council. I have a mortgage offer with Handelsbanken. Conveyancing is new to me. 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 Handelsbanken you will need to appoint a solicitor on the Handelsbanken conveyancing panel.