Sainsbury's Bank Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers. COMPLETIONmonitor is a unique risk management tool.

This software facilitates the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with alerts on Sainsbury's Bank’s changes. Even though using COMPLETIONmonitor is not a prerequisite for Sainsbury's Bank , demonstrating you can remain up to date with Sainsbury's Bank’s Handbook requirements is a helpful support to your panel application and, just as importantly, protect your panel status.

The software creates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Sainsbury's Bank

Mortgage companies frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Sainsbury's Bank 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, Sainsbury's Bank has made 121 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 22.6 days. In total, 57% of the sections of P2 of the UK Finance Lenders’ Handbook for Sainsbury's Bank have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Sainsburys Bank Solicitor Panel Example Support Desk Enquires from members of the public

My mortgage broker has says he needs my lawyer’ panel reference for the Sainsburys Bank conveyancing panel. What is the best way to discover this. I have contacted my local Sainsburys Bank branch but they cant find it on their system.
Have you tried speaking to your lawyer about this?. They should have a central record lender panel numbers including the Sainsburys Bank panel reference.
My wife and I are refinancing our flat with Sainsburys Bank. We have a son approaching twenty who lives with us. The solicitor on the Sainsburys Bank conveyancing panel requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is forfeited by the lender. I have a couple of questions (1) Is this document specific to the Sainsburys Bank conveyancing panel as he did not need to sign this form when we purchased 3 years ago (2) Does our son by signing this giving up his rights to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Sainsburys Bank .This is solely used to protect the Sainsburys Bank if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Sainsburys Bank had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

I need to find a Sainsburys Bank panel solicitor in Stirling. Could you help me?
Unfortunately it’s not apparent why you need a Sainsburys Bank panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Sainsburys Bank to find out which solicitors in Sainsburys Bank are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
I am purchasing a semi-detached house and getting a mortgage with Sainsburys Bank. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Sainsburys Bank conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Sainsburys Bank conveyancing panel in your location.
Do conveyancing lawyers on the Sainsburys Bank conveyancing panel work on a no sale no fee 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 package
is it true that all solicitor practices on the Sainsburys Bank conveyancing panel regulated by the SRA?
As solicitors, in order to be on the Sainsburys Bank conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
We were going to get a DIP from Sainsburys Bank this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Sainsburys Bank recommend a solicitor on the Sainsburys Bank conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Sainsburys Bank conveyancing panel. The solicitor represents both you and the Sainsburys Bank through the process.