Bank of Scotland Solicitor Panel Recently Asked Questions
from members of the public
My IFA has says he needs my lawyer’ panel reference for the Bank of Scotland conveyancing panel. What is the best way to find this out. I have called my local Bank of Scotland branch but they have not got back to me yet.
Have you tried speaking to your lawyer about this?. They should have a central record lender panel numbers including the Bank of Scotland panel reference.
My solicitor has discovered a difference between the information in Bank of Scotland’s valuation report and what is revealed within the conveyancing documents. My solicitor informs me that as he is on the Bank of Scotland conveyancing panel he must check that the bank is with this discrepancy and is still content to lend. Is my lawyer’s stance appropriate?
A precondition to being on the Bank of Scotland approved panel is to comply with the CML Handbook requirements (last updated for this lender on Bank of Scotland) 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 both parties.
Do I have to have a meeting at the offices of the Bank of Scotland conveyancing panel solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Bristol
so that I can pop in to their offices if required.
Whereas this was necessary twenty years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Bristol
.
I am selling my house. Does my solicitor have to be on the Bank of Scotland conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Bank of Scotland conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
When it comes to lenders such as Bank of Scotland do lawyers have to be pay a fee to be on the conveyancing panel?
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 have had an offer accepted on a apartment I spoke to a conveyancer previously used by my mum and he recommended instructing a solicitor approved by Bank of Scotland. The estate agent recommended two local firms so I asked Bank of Scotland if the 2 suggested solicitors are approved, which they are not. Bank of Scotland suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Bank of Scotland 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Bank of Scotland to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Bank of Scotland conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Bank of Scotland conveyancing panel as it may only take about 2-3 weeks. As long as they meet Bank of Scotland’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
Me and my partner are remortgaging a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon will soon beretained. My fathersuggested that we check that the conveyancer in Hendon is on the Bank of Scotland panel. Is this really necessary?
It is not that case that all Hendon conveyancing practices are on the Bank of Scotland conveyancing panel. 8 people a month use our search tool to locate a
Hendon conveyancing firm on the on the Bank of Scotland solicitors pane.