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approved by DanskeBank

Danske Bank and other banks tend to restrict either the type or the number of conveyancing firms on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that Danske Bank have no responsibility for the quality of advice provided by any member of Danske Bank Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, Conveyancing is not their speciality? To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime; probably not.

A precondition to being on the Danske Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Danske Bank) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

The firms themselves provide us confirmation that they are on the Danske Bank conveyancing panel as opposed to being supplied with a list from Danske Bank directly.

The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.

As your lender is Danske Bank your lawyer must to check the Danske Bank conveyancing instructions contained in the Part of CML Handbook for Danske Bank . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Danske Bank where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.

If you have finished paying off your Danske Bank mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Danske Bank mortgage from the register. Danske Bank,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the Danske Bank has sent the Land Registry the discharge electronically, and the Danske Bank has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your Danske Bank mortgage has been paid off.

A limited percentage of Hendon conveyancing firms are on the Danske Bank conveyancing panel. Click here to search for a Hendon conveyancing practitioner on the on the Danske Bank panel.