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

This software is the only way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on State Bank of India UK’s changes. Notwithstanding that using COMPLETIONmonitor is not a condition for being 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 panel application and, more importantly, safeguard your firm’s panel standing.

COMPLETIONmonitor generates 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 reduced PII premiums.

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Mortgage companies 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.

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 approved 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
5.5.1a 01/12/2014 CML
requirements in terms of time for planning consents
6.14.1b 01/12/2014 CML
buildings insurance in joint names or lender interest noted
6.14.1d 01/12/2014 CML
maximum excess re building insurance
6.14.4 01/12/2014 CML
sending a copy of the buildings insurance policy and last premium
14.1.5 08/08/2014 CML
Post Completion Conveyancing
Does the State Bank of India UK need to be sent the original mortgage deed and/or any other original title documents by their approved lawyer ?
6.14.1b 08/08/2014 CML
buildings insurance in joint names or lender interest noted
5.10.1 25/11/2013 CML
Properties owned for less than 6 months
Contact details at State Bank of India UK for conveyancing panel lawyers where the seller has owned the property for less than 6 months:.

Last update 05/11/2018

State Bank of India UK Conveyancing Panel : Questions and Answers from members of the public

The solicitor my husband and I had intended to instruct on a purchase said she would charge more if my lender is because of their unusual legal requirements. Am I likely to be frustrated using State Bank of India UK? Any comments will be appreciated
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.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company State Bank of India UK will not agree to this. Why was State Bank of India UK even consulted?
Your lawyer being on the State Bank of India UK conveyancing panel is duty bound to inform State Bank of India UK of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to State Bank of India UK then they would have to discontinue acting for you and State Bank of India UK.
How up to date is your search tool for the State Bank of India UK conveyancing panel? Do State Bank of India UK send you an updated list?
The law firm practices themselves provide us confirmation that they are on the State Bank of India UK conveyancing panel as opposed to being supplied with a list from State Bank of India UK directly.
The firm that I recently instructed on my purchase in Hendon has without warning closed. They were on acting for me because I needed a solicitor on the State Bank of India UK conveyancing panel and my preferred lawyer was not. I gave them a cheque for £150 in advance. What are my options?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. 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 lawyers may be able to assist
Completion of my remortgage has taken place with a mortgage from State Bank of India UK. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about State Bank of India UK. How does one go about formally complaining?
All lenders have complaints procedures. Your first point of contact should be one of the State Bank of India UK branches or the Customer Care Department at State Bank of India UK head office. Ordinarily complaints to State Bank of India UK are resolved very quickly. However if you are not satisfied that the matter is resolved you can write to the Financial Ombudsman Service who will take matters further.
Can I register a complaint to State Bank of India UK about the lawyers being on the State Bank of India UK conveyancing panel?
Complaining to State Bank of India UK about their conveyancing panel is unlikely to yield much of a response. All solicitors and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.

The Legal Ombudsman will make sure that your complaint is properly dealt with by the solicitor. It can also advise you how to complain.

If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.

We are are taking a long lease of a flat in Hendon. Conveyancing solicitors in Hendon will soon beretained. My colleagueadvised that we check that the conveyancer in Hendon is on the State Bank of India UK solicitors panel. Aren't all lawyers on the State Bank of India UK panel?
It is not that case that all Hendon conveyancing solicitors are on the State Bank of India UK conveyancing panel. Click here to find a Hendon conveyancing lawyer on the on the State Bank of India UK solicitors pane.