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approved by Bank of Scotland
Ready to buy a new home? Failing to check that a lawyer is on the Bank of Scotland list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?Is my firm on the Bank of Scotland Conveyancing Panel? How does my firm apply to be on the Bank of Scotland Conveyancing Panel? How can my firm be reinstated onto the Bank of Scotland Conveyancing Panel?
Find an Approved Solicitor on the Bank of Scotland Conveyancing Panel
Bank of Scotland Conveyancing Panel : Questions and Answers
My financial adviser has has requested my solicitor’s panel reference for the Bank of Scotland conveyancing panel. What is the best way to find this out. I have tried my local Bank of Scotland branch but they don't know it.
You are best placed to get this information from your conveyancing lawyer. They should have a central record lender panel numbers including the Bank of Scotland panel reference.
We are only a couple days away from an exchange and my mum and dad having transferred 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 Bank of Scotland. I am advised that, being on the Bank of Scotland conveyancing panel and acting on their behalf he must inform Bank of Scotland if the balance of the mortgage advance is not just from me. I advised the bank about my parent’s contribution when I applied for the home loan so is it really necessary for him to raise this?
Your lawyer is obliged to check with Bank of Scotland 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 Bank of Scotland if you agree, failing which, your lawyer must cease to continue acting.
How do I search for a local solicitor on the Bank of Scotland conveyancing panel? I have a car and am prepared to travel up to 20 kilometers to meet the solicitor.
Feel free to make use of the find a conveyancing panel tool on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Bank of Scotland solicitor panel.
I was due to complete on my flat two days ago. My lawyer’s firm is on the Bank of Scotland conveyancing panel but has moved offices in the past couple of months and had not advised Bank of Scotland of their new address. Bank of Scotland has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. 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 branch or your mortgage broker to see if they can help.
I had instructed online conveyancers located in Cardiff who are on the Bank of Scotland solicitor panel. They have just invoiced me a separate fee of £135 for the legal aspects of the Bank of Scotland mortgage. Is this an additional conveyancing fee specified by Bank of Scotland?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Bank of Scotland but by your lawyers. Some firms on the Bank of Scotland will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
I recently had an offer accepted on an apartment. My financial adviser recommended their conveyancers I paid an upfront payment of 175. Soon after the conveyancers contacted me to say that they were not on the Bank of Scotland 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 Bank of Scotland 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.
Bank of Scotland have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Bank of Scotland or your broker and complete any relevant paperwork. Bank of Scotland will tell you what documents they want. Bank of Scotland will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Bank of Scotland will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.