State Bank of India UK Conveyancing Lender Panel Compliance Tool

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

This software facilitates the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with alerts on State Bank of India UK’s changes. Notwithstanding that utilising COMPLETIONmonitor is not a prerequisite for State Bank of India UK , demonstrating you can stay up to date with State Bank of India UK’s Handbook requirements is a helpful support to your panel application and, more importantly, protect your panel standing.

The system creates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, results in reduced PII premiums.

Find a Law Firm approved by State Bank of India UK

Banks and building societies frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from State Bank of India UK are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes


Since 2008, State Bank of India UK has made 20 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 136.5 days. In total, 10% of the sections of P2 of the UK Finance Lenders’ Handbook for State Bank of India UK have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
5.4.6 05/01/2018 CML
Conveyancing Searches: Search Insurance
State Bank of India UK approved lawyers clarification as to whether they accept search insurance and, if yes, the State Bank of India UK requirements
Local Search Indemnity Insurance
5.5.1b 01/12/2014 CML
conveyancing requirements in terms of time for building regulation consents
6.14.1a 01/12/2014 CML
contact point if property is not insured in accordance with lender requirement
6.14.1b 01/12/2014 CML
buildings insurance in joint names or lender interest noted
6.14.2 01/12/2014 CML
requirement that all insurance risks are included
6.14.4 01/12/2014 CML
sending a copy of the buildings insurance policy and last premium
3.1.3 01/12/2014 CML
Conveyancing Solicitors Details for Sellers
Do State Bank of India UK require notification form their approved lawyer of the name and address of the solicitors firm or licensed conveyancers firm acting for the seller?
16.3.4 08/08/2014 CML
Transfer of Equity
State Bank of India UK requirements for conveyancing panel lawyers as to whether State Bank of India UK need to be sent the Transfer of Equity
6.14.1b 08/08/2014 CML
buildings insurance in joint names or lender interest noted
5.10.1 25/11/2013 CML
Properties owned for less than 6 months
Contact details at State Bank of India UK for approved lawyers where the seller has owned the property for less than 6 months:.

Last update 19/01/2019

State Bank of India UK Solicitor Panel Example Support Desk Enquires from members of the public

For what reasons could a law firm be removed from the State Bank of India UK approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been excluded from a lender panel. The most common reasons in order are :
  1. lack of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by State Bank of India UK
My god-son is purchasing a new build apartment with a home loan from State Bank of India UK. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the State Bank of India UK conveyancing panel as a standard part of the process, and to the surveyor when requested.

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 State Bank of India UK conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

I see that you have a search directory identifying law firms on the State Bank of India UK conveyancing panel. Do firms pay you a commission if I retain them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the State Bank of India UK conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
We're in Liverpool, FTBs purchasing with a mortgage (lender is State Bank of India UK , but our solicitor is on the State Bank of India UK conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the State Bank of India UK conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
I am buying a property where the roof has a solar panel. State Bank of India UK have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with State Bank of India UK your lawyer must to check the State Bank of India UK conveyancing instructions contained in the Part of CML Handbook for State Bank of India UK . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to State Bank of India UK where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
We have agreed a price on a house I spoke to a lawyer recommended by my mum and he advised instructing a solicitor approved by State Bank of India UK. The estate agent recommended two local firms so I asked State Bank of India UK if the 2 suggested solicitors are approved, which they are not. State Bank of India UK suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of State Bank of India UK 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask State Bank of India UK for conveyancing panel firms in your area. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the State Bank of India UK 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 State Bank of India UK conveyancing panel as it may only take about 2-3 weeks. As long as they meet State Bank of India UK’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.
I have not been happy with the level or service received from my lawyer. Is there a State Bank of India UK conveyancing panel complaints department or do I complain directly to the law firm?
There is little point in complaining directly to State Bank of India UK. All solicitors 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 properly dealt with 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.