State Bank of India UK Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers. It is a unique risk mitigation tool.

This software facilitates the way you can prove 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. While 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 an excellent support to your application to their lender panel and, more importantly, protect your firm’s panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces COLP and CQS reports, and will enhance your firm's efficiency. It is also simply to use, cost-effective and, for many firms, results in a PII saving.

Find a Law Firm approved by State Bank of India UK

Banks and building societies often 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.

To find out more about lender panel compliance,

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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
3.1.4 01/12/2014 CML
details of the seller's solicitors or licensed conveyancers
3.1.6 01/12/2014 CML
verification of identity
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
6.14.2 01/12/2014 CML
requirement that all insurance risks are included
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
5.4.4 25/11/2013 CML
Conveyancing Searches: Environmental Searches
State Bank of India UK panel lawyers requirement as to whether they want receive environmental or contaminated land reports
5.10.1 25/11/2013 CML
Properties owned for less than 6 months
Contact details at State Bank of India UK for approved lawyers where the seller has owned the property for less than 6 months:.

Last update 14/01/2020

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

I instructed a firm of solicitors to carry out on my purchase 5 weeks ago having applied for a mortgage with State Bank of India UK. The law firm assured me that they are on State Bank of India UK conveyancing panel and advised me their panel number. State Bank of India UK then ,via my broker advised that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor currently on the conveyancing panel for State Bank of India UK?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the State Bank of India UK as to the time frame to get your lawyer reinstated on the panel once again.
can you help? My conveyancer is advising me that she is duty-bound to conduct a Local Authority search stemming from the fact that the firm are on the State Bank of India UK conveyancing panel. The searches cost a lot of money. Can this be avoided?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with State Bank of India UK your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of State Bank of India UK’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated State Bank of India UK. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Your search tool is useful but there are many lawyers listed near Leeds 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 do not recommend specific firms 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. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
I am considering applying for a State Bank of India UK mortgage for purchase of a new build (under development) with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for State Bank of India UK?
In theory, you could use a solicitor that is not on State Bank of India UK conveyancing panel, but State Bank of India UK would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Is it the case that all solicitor practices on the State Bank of India UK conveyancing panel overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the State Bank of India UK conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I was thinking of purchasing my friend’s property. Once we agree a price, what’s the best way to proceed? I plan to obtain a mortgage with State Bank of India UK. Is it possible to avoid using solicitors to save on the costs? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
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.
State Bank of India UK have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up State Bank of India UK or your broker and complete any relevant paperwork. State Bank of India UK will tell you what documents they want. State Bank of India UK will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. State Bank of India UK will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.