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 such as AmTrust. COMPLETIONmonitor is a unique risk management tool.

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

COMPLETIONmonitor creates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. In addition it is user friendly, cost-effective and, for some 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 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
5.4.6 05/01/2018 CML
Conveyancing Searches: Search Insurance
State Bank of India UK panel 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
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
6.14.1d 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
6.14.4 01/12/2014 CML
sending a copy of the buildings insurance policy and last premium
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 17/09/2019

FAQs : The State Bank of India UK Conveyancing Panel from members of the public

My fiance and I are first time buyers. Within the last couple of days our lawyer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. State Bank of India UK have this evening contacted us to advise us that there is now an issue as our conveyancer is not on their approved list of lawyers. What do we do from here?
If you are buying a property with the assistance of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.

In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitors should contact State Bank of India UK and see if they can apply for membership of the State Bank of India UK conveyancing panel, but if that is not viable State Bank of India UK will instruct their own solicitors to act. You don't have to instruct a firm on the State Bank of India UK conveyancing panel and you may continue to use your own solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.

We are approaching an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender State Bank of India UK. I am advised that, being on the State Bank of India UK conveyancing panel and acting on their behalf he must inform State Bank of India UK if the balance of the mortgage advance is coming from anyone other than me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with State Bank of India UK to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to State Bank of India UK if you agree, failing which, your lawyer must cease to continue acting.
I note that you have a search directory listing firms on the State Bank of India UK conveyancing panel. Do firms pay you a commission if I instruct them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the State Bank of India UK conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am selling my house. Does my solicitor have to be on the State Bank of India UK conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the State Bank of India UK conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Is there a list of State Bank of India UK panel conveyancers on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
Hi, thinking about buying a house off my mate. 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 there anyway to cut out the solicitors to save on the costs? 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 am due to exchange contracts on my flat. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, State Bank of India UK are being pedantic. The solicitor who is on the State Bank of India UK conveyancing panel is happy to accept ‘lack of building regulation’ insurance but State Bank of India UK are requiring a building regulation certificate. Why do State Bank of India UK have a conveyancing panel of they don’t accept advice from them?
It is probably the case that State Bank of India UK have referred the matter to their valuer. The reason why State Bank of India UK may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.