Common questions asked concerning the State Bank of India UK Conveyancing Panel
from members of the public
A solicitor my husband and I wanted to use for conveyancing on a purchase said she will levy higher legal fees if my mortgage is with State Bank of India UK because of their unusual legal requirements. Will I regret using State Bank of India UK? Any comments will be appreciated
State Bank of India UK conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the State Bank of India UK conveyancing panel. If they are not, this does add further risk of delay as State Bank of India UK will appoint their own solicitors to look after their interest.
My conveyancing solicitor is asking me for personal identification documents asserting that this forms part of his legal duty as a conveyancer on the State Bank of India UK Solicitor panel. This is news to me - can I refuse?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with State Bank of India UK your lawyer also has to check ID documents to satisfy State Bank of India UK
I need to find a State Bank of India UK panel solicitor in Inverness. Could you help me?
Unfortunately it’s not apparent why you need a State Bank of India UK panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to State Bank of India UK to find out which solicitors in State Bank of India UK 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 was supposed to complete on my first house two days ago. My solicitor is on the State Bank of India UK conveyancing panel but has changed address 8 weeks ago and had not advised State Bank of India UK of their new address. State Bank of India UK is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local State Bank of India UK branch or your mortgage broker to see if they can help.
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the State Bank of India UK conveyancing panel requirements are different to State Bank of India UK’s conveyancing panel criteria.
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to proceed? I plan to obtain a mortgage with State Bank of India UK. Is there anyway to cut out the solicitors to save us both money? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with State Bank of India UK involved you will need to appoint a solicitor on the State Bank of India UK conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to State Bank of India UK. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the State Bank of India UK conveyancing panel.
I am currently in the process of buying my council flat. I have a mortgage offer with State Bank of India UK. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with State Bank of India UK you will need to appoint a solicitor on the State Bank of India UK conveyancing panel.