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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?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?
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Bank of Scotland Solicitor Panel Example Support Desk Enquires
I am hoping to receive a offer of a mortgage from Bank of Scotland. I intend to use a Licensed Conveyancer. Does the Bank of Scotland Conveyancing panel exclude Licensed Conveyancers
Bank of Scotland’s conveyancing panel is, like many other lenders associated to the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
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 will not agree to this. Why was Bank of Scotland even consulted?
Your lawyer being on the Bank of Scotland conveyancing panel is duty bound to inform Bank of Scotland of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Bank of Scotland then they would have to discontinue acting for you and Bank of Scotland.
Do all the firms listed on your search have online case tracking as I understood that this was a condition of being on the Bank of Scotland solicitor panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
We're in Liverpool, First timers buying with a mortgage (lender is Bank of Scotland , but our solicitor is on the Bank of Scotland conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Bank of Scotland conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
I have today made my last payment due on mortgage with Bank of Scotland. I assume I don't need a solicitor on the Bank of Scotland panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Bank of Scotland 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 Bank of Scotland mortgage from the register. Bank of Scotland,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 Bank of Scotland has sent the Land Registry the discharge electronically, and the Bank of Scotland has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your Bank of Scotland mortgage has been paid off.
I am currently in the process of buying my council flat. I have a mortgage offer with Bank of Scotland. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Bank of Scotland you will need to appoint a solicitor on the Bank of Scotland conveyancing 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.