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approved by BankOfScotlandPrivate
Ready to buy a new home? Failing to check that a lawyer is on the BankOfScotlandPrivate list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Bank of Scotland Private Banking Conveyancing Panel
Frequently asked questions relating to the Bank of Scotland Private Solicitor Panel
I am obtaining a mortgage with Bank of Scotland Private. I intend to retain the legal services of a Licensed Conveyancer. Does the Bank of Scotland Private Conveyancing panel allow for Licensed Conveyancers
Bank of Scotland Private’s conveyancing panel is, like many other lenders associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
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 Bank of Scotland Private will not agree to this. Why was Bank of Scotland Private even consulted?
Your lawyer being on the Bank of Scotland Private conveyancing panel is duty bound to inform Bank of Scotland Private of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Bank of Scotland Private then they would have to discontinue acting for you and Bank of Scotland Private.
I note that you have a search directory identifying solicitors on the Bank of Scotland Private 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 Bank of Scotland Private conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I was supposed to move into my dream home yesterday. My solicitor is on the Bank of Scotland Private solicitors panel but has changed address in the past couple of months and had not informed Bank of Scotland Private of their new address. Bank of Scotland Private has locked down the release of mortgage funds as the information from the solicitors isn't correct.
This is a rare situation indeed. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Bank of Scotland Private branch or your mortgage broker to see if they can help.
Is it common for Bank of Scotland Private to withdraw a mortgage offer and what would be the reasoning?
Lenders such as Bank of Scotland Private can revoke their mortgage offer although this rarely happens. should Bank of Scotland Private withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are a few examples:
- If the financial circumstances of the borrower have changed to the detriment and the Bank of Scotland Private has been notified
- Situations where information provided by the borrower that enabled the lender to make a lending decision is fraudulent, incorrect or misleading.
- Following advice from the property assessor on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
- Where the lender is on notice of a restriction or a right of pre-emption which is not at market value
- If the lender reasonably suspects that the applicant, borrower, mortgagor or guarantor is involved in any criminal or fraudulent activity, including trading in illegal drugs or other substances, theft, robbery, deception or other serious offences, or if the applicant borrower, mortgagor or guarantor has a conviction for any serious criminal offence, including theft, deception, fraud, robbery or trade in illegal drugs or other substances;
My offer was accepted on a house on the 7th March 2014, valuation was booked 4 days later, all came back fine. Property lawyer instructed, so all that was missing was my mortgage offer. Having made daily calls to Bank of Scotland Private and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Bank of Scotland Private conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Bank of Scotland Private to deal with your lawyers application to be on the Bank of Scotland Private conveyancing panel. There's no guarantee that your solicitors will be accepted.
My husband and I are taking a long lease of a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon will soon beappointed. My friendadvised that we double-check that the conveyancing practitioner in Hendon is on the Bank of Scotland Private approved list of lawyers. Is this right?
Not all Hendon conveyancing solicitors are on the Bank of Scotland Private conveyancing panel. 8 people a month use our search tool to locate a Hendon conveyancing lawyer on the on the Bank of Scotland Private approved list of lawyers.