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State Bank of India UK Conveyancing Lender Panel Compliance Tool

Looking for information about your firm's panel status?

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How can my firm apply to be on the State Bank of India UK Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the State Bank of India UK Conveyancing Panel?
Check your firm’s panel Status

COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. It is supported by professional indemnity insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This system is the only way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on State Bank of India UK’s changes. Even though using the tool is not a prerequisite for State Bank of India UK , demonstrating you can remain up to date with State Bank of India UK’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, protect your panel status.

COMPLETIONmonitor 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

Banks and building societies 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, frequently:

A Timeline of Policy Changes


Since 2008, State Bank of India UK has made 219 revisions or additions to sections of their version of the UK Finance Handbook.
That equates to a section change every 12.5 days. In total, 55% 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

The lawyer I wanted to use for conveyancing on a purchase said he would charge more if my lender is because of their difficult processes! Will I regret using State Bank of India UK? Is State Bank of India UK conveyancing so much more difficult?
State Bank of India UK conveyancing requirements for their panel are no better or no more complicated than most lenders. It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender. It is not clear if your lawyer is on the State Bank of India UK conveyancing panel. If they are not, this does add further risk of delay as State Bank of India UK will appoint their own solicitors to look after their interest.
Our lawyer has discovered a problem with the lease for the apartment we are purchasing. The other side have put forward title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer says that as he is on the State Bank of India UK conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is State Bank of India UK?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and State Bank of India UK are the client. 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 Handbook conditions require your lawyer to disclose issues such as defects will the lease so that State Bank of India UK can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . 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.
Do all the firms listed on your search have online case tracking as I understood that this was a condition of being on the State Bank of India UK conveyancing panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
I am considering applying for a State Bank of India UK mortgage for purchase of a new build (under development) with 60% loan to value. 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 transaction.
Is it the case that all conveyancing solicitors 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).
After much negotiation I have agreed a price on a house. My financial adviser suggested a solicitor I paid an upfront payment of 150. Soon after the conveyancers contacted me to say that they were not on the State Bank of India UK conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the State Bank of India UK panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What should be my next step? When should I get the mortgage app going with State Bank of India UK?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the State Bank of India UK conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with State Bank of India UK and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.

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