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approved by Banks & Clients
Ready to buy a new home? Failing to check that a lawyer is on the Banks & Clients 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 Banks and Clients plc Conveyancing Panel? How can my firm be reinstated onto the Banks and Clients plc Conveyancing Panel?Find an Approved Solicitor on the Banks and Clients plc Conveyancing Panel
Common questions asked concerning the Banks and Clients Solicitor Panel
I am hoping to receive a mortgage offer from Banks and Clients. I intend to use a Licensed Conveyancer. Does the Banks and Clients Solicitor panel include conveyancers regulated by the CLC
Banks and Clients’s approved solicitor list is, like many other lenders represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
Our solicitor has identified a problem with the lease for the property we are buying. The other side have offered title insurance as a solution. We are content with insurance and will pay for it. Our lawyer says that as he is on the Banks and Clients conveyancing panel he must check that the lender is happy with this solution. Are we the client or is Banks and Clients?
Just because you have a mortgage offer from Banks and Clients does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Banks and Clients are the client. These conveyancing instructions have to be complied with by the Banks and Clients conveyancing panel who has to balance acting for you and Banks and Clients
Your search tool is useful but there are many lawyers listed near London on the Banks and Clients conveyancing panel. Can you recommend a specific firm on the Banks and Clients approved panel?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
We're in Wales, First time buyers buying with a mortgage (lender is Banks and Clients , but our lawyer is on the Banks and Clients conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Banks and Clients 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 had instructed online conveyancers based in Manchester who are on the Banks and Clients solicitor panel. They have just invoiced me a separate fee of £195 for the legal aspects of the Banks and Clients mortgage. Is this an additional conveyancing fee set by Banks and Clients?
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 Banks and Clients but by your lawyers. Some firms on the Banks and Clients will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
Do most banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Banks and Clients conveyancing panel requirements are different to Banks and Clients’s conveyancing panel criteria.
For 5 years I had a mortgage with Banks and Clients. My uncle retired last week and wants to pay off my mortgage. After Banks and Clients 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 Banks and Clients conveyancing panel? I do not intend to live at the property once the Banks and Clients mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Banks and Clients 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. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.
Other Topics
Transfer of Equity for Banks and ClientsPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors