State Bank of India UK Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. It is a unique risk management tool.

This system facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with alerts on State Bank of India UK’s changes. Even though using the software 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 application to their lender panel and, just as importantly, safeguard your firm’s panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces regulatory and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by State Bank of India UK

Mortgage companies frequently change 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 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
8.1 14/02/2018 CML
Circumstances Requiring Independent Legal Advice
State Bank of India UK panel conveyancer requirements re circumstances requiring independent legal advice : Do State Bank of India UK allow a firm to advise any of the specified third parties
3.1.6 01/12/2014 CML
verification of identity
5.5.1a 01/12/2014 CML
requirements in terms of time for planning consents
5.5.1b 01/12/2014 CML
conveyancing requirements in terms of time for building regulation consents
6.14.1b 01/12/2014 CML
buildings insurance in joint names or lender interest noted
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 panel lawyer of the name and address of the solicitors firm or licensed conveyancers firm acting for the seller?
3.1.5 01/12/2014 CML
ID Documentation
State Bank of India UK approved lawyers requirements re ID Documentation: Further acceptable documents (if any)
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 20/03/2019

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

How easy is it to change a solicitor as I need to find one who is on the State Bank of India UK conveyancing panel. Is it advisable to appoint a new law firm?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
I am purchasing a new build duplex and my lawyer is informing me that she is duty bound to reveal incentives from the seller as her firm is on the State Bank of India UK conveyancing panel. I am nearing the developer’s deadline to sign contracts and I have no desire to prolong matters. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. 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). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am looking to buy a house and require a conveyancing solicitor in Leeds who is on the State Bank of India UK approved. Can you recommend a local solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for State Bank of India UK . We don’t recommend any particular firm.
The firm that I appointed last week on my purchase in Newcastle has suddenly shut down. They were on acting for me because I needed a solicitor on the State Bank of India UK conveyancing panel and my family lawyer was not. I gave my credit card details for them to take £175 for searches. What should be my next steps?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the State Bank of India UK conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist
Last month we had a mortgage agreed in principle with State Bank of India UK. Solicitors have been chosen? What is the average time that one could expect to receive a mortgage offer from State Bank of India UK?
There is no definitive answer here. Have State Bank of India UK done the valuation? Have you advised State Bank of India UK as your lawyers details and checked that your lawyer is on the State Bank of India UK conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to move forward? I plan to obtain a mortgage with State Bank of India UK. Is it possible to avoid using 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 have instructed a lawyer having checked that they are on the State Bank of India UK conveyancing panel. Does my lawyer arrange the survey of the property? Or I've read lots of mortgage guides,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the State Bank of India UK conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
State Bank of India UK will need an independent valuation of the property. Your lawyer will not arrange this. Usually State Bank of India UK will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with State Bank of India UK you could contact your them to see if they have a list of approved surveyors.