Sainsburys Bank Conveyancing Panel Example Support Desk Enquires
from members of the public
I am getting a offer of a mortgage from Sainsburys Bank. my intention is to retain the legal services of a Licensed Conveyancer. Does the Sainsburys Bank Solicitor panel include Licensed Conveyancers
Sainsburys Bank’s approved solicitor list is, like many other lenders represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am due to complete my purchase next Monday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Sainsburys Bank. What does the insurance need to cover?
All property lawyers on the Sainsburys Bank conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Sainsburys Bank’s Part 2 requirements of the CML Handbook (last updated on Sainsburys Bank). Being on the Sainsburys Bank conveyancing panel your lawyer is expect to follow these instructions.
Do all the licensed conveyancers and solicitor practices listed on your search have online case tracking as I understood that this was a condition of being on the Sainsburys Bank solicitor panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Sainsburys Bank conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Sainsburys Bank 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 mortgage companies such as Sainsburys Bank do lawyers have to be pay a fee to be on the list of approved solicitors?
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.
Two weeks ago we had a mortgage agreed in principle with Sainsburys Bank. Solicitors have been appointed? How long does it take for Sainsburys Bank to send the offer to our conveyancer
There is no definitive answer here. Have Sainsburys Bank completed the survey? Have you advised Sainsburys Bank as your lawyers details and checked that your lawyer is on the Sainsburys Bank conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
On the whole I have been dissatisfied with the level or service received from my lawyer. Is there a Sainsburys Bank conveyancing panel complaints department or do I complain directly to the law firm?
There is little point in complaining directly to Sainsburys Bank. 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 addressed 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.