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approved by Co Op Bank
Ready to buy a new home? Failing to check that a lawyer is on the Co Op Bank 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 Co operative Bank plc Conveyancing Panel? How does my firm apply to be on the Co operative Bank plc Conveyancing Panel? How can my firm be reinstated onto the Co operative Bank plc Conveyancing Panel?
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FAQs for the Co operative Bank Solicitor Panel
I am expecting a offer of a mortgage from Co operative Bank. I hope to instruct a Licensed Conveyancer. Does the Co operative Bank Solicitor panel exclude conveyancers regulated by the CLC
Co operative Bank’s conveyancing panel is, like many other lenders represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am purchasing a new build flat and my conveyancer is telling me that she has to reveal incentives from the seller as her firm is on the Co operative Bank conveyancing panel. I am on a tight deadline to exchange and I would rather not prolong the conveyancing. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Co operative Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Co operative Bank). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do all the firms listed on your search have online case tracking as I understood that this was a condition of being on the Co operative Bank conveyancing 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.
I was due to complete on my flat last Friday. My lawyer’s firm is on the Co operative Bank conveyancing panel but has changed address 8 weeks ago and had not advised Co operative Bank of their new address. Co operative Bank is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. 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 Co operative Bank branch or your mortgage broker to see if they can assist.
Do conveyancing lawyers on the Co operative Bank conveyancing panel work on a no sale no fee basis?
On the whole there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
My ex -wife’s name is on the Co operative Bank mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Co operative Bank mortgage in order to sell?
As regards the Co operative Bank mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Co operative Bank in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.
My brother and I are remortgaging a flat in Hendon. Conveyancing solicitors in Hendon are about to begiven the go-ahead. My agentrecommended that we make sure that the solicitor in Hendon is on the Co operative Bank list of approved conveyancing firms. Is this right?
Far from all Hendon conveyancing solicitors are on the Co operative Bank conveyancing panel. 5 people a month use our search tool to locate a Hendon conveyancing practitioner on the on the Co operative Bank list of approved conveyancing firms.