State Bank of India UK Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk management tool.

This software optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on State Bank of India UK’s changes. Notwithstanding that using this technology is not a condition for acceptance on the State Bank of India UK panel, 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 regulatory and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, results in a PII saving.

Find a Law Firm approved by State Bank of India UK

Mortgage companies often 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 22 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 124.1 days. In total, 11% 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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State Bank of India UK Solicitor Panel Sample Enquires to our Call Center from members of the public

My property lawyer is not listed on the State Bank of India UK Solicitor Panel. Is it possible for me to continue with my preferred solicitor notwithstanding that they are not on the State Bank of India UK list of approved lawyers?
You will need to have a conveyancer complete the legal work required when you take out a State Bank of India UK mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the State Bank of India UK conveyancing panel additional costs will be incurred as separate legal representation will be required by State Bank of India UK. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
My wife and I intend to remortgage our penthouse with State Bank of India UK. We have a son 19 who lives with us. The solicitor on the State Bank of India UK conveyancing panel has asked us to disclose any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the State Bank of India UK conveyancing panel as he never had to sign this form when we remortgaged 4 years ago (2) In signing this form is our son in any way compromising his right 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 State Bank of India UK .This is solely used to protect the State Bank of India UK 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 State Bank of India UK 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 have been Googling for online conveyancing estimates. Can I be assured that all the law firms that are identified on your site are on the State Bank of India UK conveyancing panel?
The law firms listed on our site have advised us that they are on the State Bank of India UK panel and agreed to advise us to take down their listing in the event of removal off of the State Bank of India UK panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the State Bank of India UK conveyancing panel is not accurate.
I am in the process of mortgaging my house does my lawyer have to be on the State Bank of India UK Conveyancing panel?
There is nothing to stop you using your solicitor but State Bank of India UK will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Do conveyancing solicitors on the State Bank of India UK 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
In what circumstances might State Bank of India UK amend or withdraw their mortgage offer?
Lenders such as State Bank of India UK can revoke their mortgage offer although this rarely happens. should State Bank of India UK withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are a few examples:
  • Where information comes to State Bank of India UK ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
  • State Bank of India UK may amend or withdraw an offer if the State Bank of India UK conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
  • A cashback to the buyer, or | part of the price includes a non-cash incentive to the buyer (eg paid stamp duty land tax),or | any indirect incentive (cash or non cash) or rental guarantee, of which the lender was previously unaware
  • Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
  • Where to proceed with the Mortgage offer would be unlawful
My ex -wife’s name is on the State Bank of India UK mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the State Bank of India UK mortgage in order to sell?
In terms of the State Bank of India UK mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of State Bank of India UK in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.