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 Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This system facilitates the way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with notifications given 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 an excellent support to your panel application and, more importantly, protect your panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. It is also simply to use, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by State Bank of India UK

Lenders 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, frequently:

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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Frequently asked questions relating to the State Bank of India UK Conveyancing Panel from members of the public

For what reasons would a firm of solicitors be excluded from the State Bank of India UK solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been removed from a lender panel. The top reasons in order are :
  1. Low volume 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 lawyer has discovered a difference when comparing the information in State Bank of India UK’s valuation report and what is revealed within the legal papers for the property. My lawyer has advised that as he is on the State Bank of India UK conveyancing panel he is duty bound to ensure that the lender is happy with this discrepancy and is content go ahead. Is my conveyancer’s course or action right?
A precondition to being on the State Bank of India UK approved panel is to comply with the CML Handbook requirements (last updated for this lender on State Bank of India UK) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the State Bank of India UK conveyancing panel. My lawyer has said that they are on the State Bank of India UK approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the State Bank of India UK conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the State Bank of India UK solicitor panel.
My aunt passed away six months ago and as sole heir and executor was left the house. The house had a small mortgage left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to State Bank of India UK , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then State Bank of India UK will insist on your using a conveyancer on the State Bank of India UK conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your State Bank of India UK conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the State Bank of India UK mortgage is registered as a charge at the Land Registry.
I had instructed online solicitors located in London who are on the State Bank of India UK solicitor panel. They are now charging me a separate fee of £175 for dealing with the State Bank of India UK mortgage. Is this an additional conveyancing fee specified by State Bank of India UK?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by State Bank of India UK but by your lawyers. Some firms on the State Bank of India UK will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
Why might a lender such as State Bank of India UK withdraw a mortgage offer?
Banks and Building Societies such as State Bank of India UK can revoke their mortgage offer although this is unusual. should State Bank of India UK withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are a number of examples:
  • If the borrower informs State Bank of India UK of a change in security address
  • Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
  • Where the sale is not at arms length for value to unconnected persons
  • Where the lender is on notice of a restriction or a right of pre-emption which is not at market value
  • Where the Lender’s right to possession is fettered in some way
I am selling my house. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, State Bank of India UK are being a right pain. The solicitor who is on the State Bank of India UK conveyancing panel is happy to accept ‘lack of building regulation’ insurance but State Bank of India UK are requiring a building regulation certificate. Why do State Bank of India UK have a conveyancing panel of they don’t accept advice from them?
It is probably the case that State Bank of India UK have referred the matter to their valuer. The reason why State Bank of India UK may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.