FAQs : The Secure Trust Bank Solicitor Panel from members of the public
My mortgage broker has has requested my solicitor’s panel member for the Secure Trust Bank conveyancing panel. What is the best way to obtain this. I have called my local Secure Trust Bank office but they don't know it.
You are best placed to get this information from your conveyancing lawyer. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Secure Trust Bank.
My god-son is purchasing a newly built flat with a home loan from Secure Trust Bank. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Secure Trust Bank conveyancing panel as a standard part of the process, and to the valuer when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Secure Trust Bank conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I note that you have a post code search directory listing solicitors on the Secure Trust Bank conveyancing panel. Do firms pay you a commission if I instruct them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Secure Trust Bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am considering applying for a Secure Trust Bank mortgage for purchase of a new build (under development) with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Secure Trust Bank?
There is nothing to stop you using your solicitor but Secure Trust Bank will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
We were going to get a DIP from Secure Trust Bank this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Secure Trust Bank recommend a solicitor on the Secure Trust 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 Secure Trust Bank conveyancing panel. The solicitor represents both you and the Secure Trust Bank through the process.
I have today made my last payment due on mortgage with Secure Trust Bank. I assume I don't need a solicitor on the Secure Trust Bank panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Secure Trust Bank mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Secure Trust Bank mortgage from the register. Secure Trust Bank,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Secure Trust Bank has sent the Land Registry the discharge electronically, and
the Secure Trust Bank has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Secure Trust Bank mortgage has been paid off.
My existing mortgage is with Secure Trust Bank. My grandfather has just retired and wants to pay off the mortgage left on the property. After Secure Trust Bank is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Secure Trust Bank conveyancing panel? I do not intend to live at the property once the Secure Trust Bank mortgage is discharged.
You
will need a solicitor but they need not be on the Secure Trust Bank conveyancing panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.
