Q and A’s regarding the Metro Bank Conveyancing Panel
from members of the public
My IFA has has requested my solicitor’s panel reference for the Metro Bank conveyancing panel. How do I obtain this. I have contacted my local Metro Bank branch but they cant find it on their system.
You are best placed to get this information from your conveyancing lawyer. They should have a central record lender panel numbers including the Metro Bank panel reference.
Our lawyer has discovered a defect with the lease for the property we are buying. The seller’s lawyers have suggested defective title insurance as a solution. We are happy with insurance and will pay for it. Our lawyer says that as he is on the Metro Bank conveyancing panel he must ensure that the lender is happy with this solution. Are we the client or is Metro Bank?
Just because you have a mortgage offer from Metro Bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Metro Bank are the client. The appropriate lender requirements must be adhered to by the Metro Bank conveyancing panel who has to balance acting for you and Metro Bank
Do banks and building societies provide you with an approved list of solicitors? How do you know who is on the Metro Bank conveyancing panel?
The firms themselves provide us confirmation that they are on the Metro Bank conveyancing panel as opposed to being supplied with a list from Metro Bank directly.
We're in London, First time buyers buying with a mortgage (lender is Metro Bank , but our solicitor is on the Metro Bank conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Metro Bank conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Metro Bank conveyancing panel?
A selection of lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however gives 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 join their approved list of firms.
Is it the case that all conveyancing solicitors on the Metro Bank conveyancing panel work on a no move no charge 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
I have not been happy with the level or service received from my lawyer. Is there a Metro Bank conveyancing panel complaints department or do I complain directly to the law firm?
Complaining to Metro Bank about their conveyancing panel is unlikely to yield much of a response. Every solicitor firm and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is properly dealt with by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.