Reliance Bank Solicitor Panel Sample Enquires to our Call Center from members of the public
My financial adviser has says he needs my law firm’s panel member for the Reliance Bank conveyancing panel. What is the best way to obtain this. I have called my local Reliance Bank office but they have not responded to me.
You are best placed to get this information from your conveyancing lawyer. They should have a central record lender panel numbers including the Reliance Bank panel reference.
My solicitor has informed me that he requires personal identification documents asserting that this is part of his obligations as a solicitor on the Reliance Bank Conveyancing panel. Can you confirm whether this is the case?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that Reliance Bank also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Reliance Bank CML Handbook requirements last updated on Reliance Bank
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Reliance Bank conveyancing panel. My lawyer has said that they are on the Reliance Bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Reliance Bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Reliance Bank solicitor panel.
I am considering applying for a Reliance Bank mortgage for purchase of a new build (under development) with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Reliance Bank?
In theory, you could use a solicitor that is not on Reliance Bank conveyancing panel, but Reliance 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 transaction.
The mortgage over my property is with Reliance Bank. Conveyancing was finalised a year ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Reliance Bank?
Your original mortgage agreement with Reliance Bank will provide that you need their approval prior to renting your property as this is likely to be a breach of Reliance Bank’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Reliance Bank directly. It should not be necessary to do this via a Reliance Bank conveyancing panel solicitor.
I recently had an offer accepted on an apartment. My financial adviser pressured me to appoint their lawyers I paid an upfront payment of 175. Soon after the conveyancers contacted me to say that they were not on the Reliance Bank conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Reliance Bank panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have instructed a lawyer having checked that they are on the Reliance Bank conveyancing panel. Does my lawyer arrange the survey of the property?
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Having read lots of house buying,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the Reliance Bank conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Reliance Bank will need an independent valuation of the property. Your lawyer will not arrange this. Usually Reliance Bank will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey.
You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
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Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Reliance Bank you could contact your them to see if they have a list of approved surveyors.