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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.
Looking for information about your firm's panel status?
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
Common questions asked concerning the Bank of Scotland Private Solicitor Panel
I appointed a solicitor to conveyancing on my house purchase six weeks ago having applied for a mortgage with Bank of Scotland Private. The firm assured me that they are on Bank of Scotland Private conveyancing panel and advised me their panel reference. Bank of Scotland Private then told me that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor listed on the approved panel for Bank of Scotland Private?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Bank of Scotland Private conveyancing panel You may wish to enlist the help of your broker to check with the Bank of Scotland Private as to the time frame to get your lawyer reinstated on the panel once again.
Our lawyer is asking me for ID documents stating that this forms part of his legal duty as a solicitor on the Bank of Scotland Private Solicitor panel. This is news to me - can I refuse?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that Bank of Scotland Private also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Bank of Scotland Private CML Handbook requirements last updated on Bank of Scotland Private
I have been looking for online conveyancing estimates. Can I be assured that all the firms that are identified on your site are on the Bank of Scotland Private conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have assured us via an online form that they are on the Bank of Scotland Private panel and agreed to advise us to take down their listing in the event of removal off of the Bank of Scotland Private panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Bank of Scotland Private conveyancing panel is not accurate.
The lawyers that just started acting on my purchase in Hendon has without warning shut down. I chose them because I needed a lawyer on the Bank of Scotland Private conveyancing panel and my family lawyer was not. I paid them £200 on account. What are my options?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Bank of Scotland Private conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help
For 5 years I had a mortgage with Bank of Scotland Private. My grandfather retired last week and wants to pay off the mortgage left on the property. After Bank of Scotland Private is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Bank of Scotland Private conveyancing panel? I do not intend to live at the property once the Bank of Scotland Private mortgage is discharged.
You
will need a solicitor but they need not be on the Bank of Scotland Private conveyancing panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
Completion of my remortgage has taken place with a loan from Bank of Scotland Private. Conveyancing was a necessary evil but I would like to complain about Bank of Scotland Private. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first point of contact should be one of the Bank of Scotland Private branches or the Customer Services Department at Bank of Scotland Private head office. Ordinarily complaints to Bank of Scotland Private are resolved effectively and efficiently. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I was told four weeks ago that my mortgage has been agreed
to by Bank of Scotland Private. Is it usual for Bank of Scotland Private to only issue the offer once my
solicitor is approved on their conveyancing panel?
A lender would not issue an offer 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.