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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.
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How does my firm apply to be on the Bank of Scotland Private Banking Conveyancing Panel? How can my firm be reinstated onto the Bank of Scotland Private Banking Conveyancing Panel?Find an Approved Solicitor on the Bank of Scotland Private Banking Conveyancing Panel
Bank of Scotland Private Solicitor Panel Example Support Desk Enquires
I have been advised by my broker that I have to pay Bank of Scotland Private fees if I use my own solicitor. How good are the Bank of Scotland Private conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH as long as they're good and not exorbitantly priced. Would you recommend a specific law firm on the Bank of Scotland Private panel?
Bank of Scotland Private’s conveyancing panel is substantial so your best bet is just to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Bank of Scotland Private will allow to act for them.
My fiance and I changing mortgage lender for our maisonette with Bank of Scotland Private. We have a son 18 who lives with us. The solicitor on the Bank of Scotland Private conveyancing panel requested us to identify any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have a couple of questions (1) Is this form unique to the Bank of Scotland Private conveyancing panel as he never had to sign this form when we remortgaged 4 years ago (2) Does our son by signing this giving up his rights to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Bank of Scotland Private .This is solely used to protect the Bank of Scotland Private if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Bank of Scotland Private had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I note that you have a post code search directory identifying law firms on the Bank of Scotland Private conveyancing panel. Do firms pay you a commission if I appoint them for my house purchase?
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.
Can you clarify what the consequences are if my lawyer’s firm is suspended from the Bank of Scotland Private Solicitor panel before the moving date as agreed at exchange of contracts?
First, this is very unlikely to happen. 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 for a fee.
When it comes to mortgage companies such as Bank of Scotland Private do lawyers have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Two weeks ago we had a mortgage agreed in principle with Bank of Scotland Private. Solicitors have been appointed? How long does it take for Bank of Scotland Private to send the offer to our conveyancer
There is no definitive answer here. Have Bank of Scotland Private completed the survey? Have you advised Bank of Scotland Private as your lawyers details and checked that your lawyer is on the Bank of Scotland Private conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
My offer on house has been accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What should be my next step? When should I get the mortgage app going with Bank of Scotland Private?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Bank of Scotland Private conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Bank of Scotland Private and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.