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 professional indemnity insures. It is a unique risk management tool.

This software is the only way you can prove 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 this technology is not a condition for acceptance on the State Bank of India UK panel, demonstrating you can remain up to date with State Bank of India UK’s Handbook requirements is a helpful support to your panel application and, more importantly, safeguard your firm’s panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, leads to a PII saving.

Find a Law Firm approved by State Bank of India UK

Lenders 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 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.

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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
3.1.4 01/12/2014 CML
details of the seller's solicitors or licensed conveyancers
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
6.14.1c 01/12/2014 CML
buildings insurance total sum insured calculation
6.14.1d 01/12/2014 CML
maximum excess re building insurance
6.14.3 01/12/2014 CML
notification of non-renewal/cancellation for buildings insurance policy
3.1.3 01/12/2014 CML
Conveyancing Solicitors Details for Sellers
Do State Bank of India UK require notification form their panel 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 approved 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

Last update 18/07/2019

Examples of recent questions relating to the State Bank of India UK Solicitor Panel from members of the public

My fiance and I are hoping to buy a 2 bedroom flat in London with a mortgage from State Bank of India UK. We have a lawyer but State Bank of India UK says he's not on their "panel". We have to appoint one of the State Bank of India UK panel firms or keep our solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the State Bank of India UK conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for State Bank of India UK
My lawyer has identified a difference when comparing the information in State Bank of India UK’s home valuation report and what is in the conveyancing documents. My solicitor says that as he is on the State Bank of India UK conveyancing panel he needs to check that the bank is with this discrepancy and is still content to lend. Is my conveyancer’s stance legitimate?
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 you.
Whilst your website is a good idea there are many lawyers listed near Manchester on the State Bank of India UK conveyancing panel. Can you recommend a specific firm on the conveyancing panel for State Bank of India UK ?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
We're in London, First time buyers 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
Do the majority of banks 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.
We are getting a further advance on our mortgage from State Bank of India UK as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the State Bank of India UK conveyancing panel to deal with the paperwork?
State Bank of India UK would not normally instruct a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the State Bank of India UK list
I have a mortgage with State Bank of India UK. My uncle retired last week and wants to pay off my mortgage. After State Bank of India UK 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 State Bank of India UK conveyancing panel? I do not intend to live at the property once the State Bank of India UK mortgage is discharged.
You will need a solicitor but they need not be on the State Bank of India UK 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.