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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.
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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?Find an Approved Solicitor on the Co operative Bank plc Conveyancing Panel
Co operative Bank Conveyancing Panel : Questions and Answers
Is the fact that my conveyancer is not on the Co operative Bank Conveyancing panel that there is a problem with the standard of the firm’s work?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Co operative Bank.
I am buying a brand new duplex and my lawyer is advising me that she is duty bound to disclose incentives from the developer as her firm is on the Co operative Bank conveyancing panel. I am nearing the developer’s deadline to sign contracts and I would rather not delay the conveyancing. Can I insist on an exchange regardless of what my lawyer says about being on the Co operative Bank panel?
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.
I am Googling for conveyancing quotes online. Can I be sure that all the law firms that are listed on your website are on the Co operative Bank conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the Co operative Bank panel and agreed to advise us to take down their listing in the event of removal off of the Co operative Bank panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Co operative Bank conveyancing panel is not accurate.
We're in Wales, First time buyers purchasing with a mortgage (lender is Co operative Bank , but our solicitor is on the Co operative Bank conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Co operative Bank 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
My wife and I have arranged a further advance on our mortgage from Co operative Bank as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Co operative Bank conveyancing panel to deal with the paperwork?
Co operative Bank do not ordinarily appoint firms on their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Co operative Bank panel
We have had an offer accepted on a house I spoke to a conveyancer previously used by my brother and he suggested retaining a solicitor approved by Co operative Bank. The estate agent recommended two local firms so I asked Co operative Bank if the 2 suggested solicitors are approved, which they are not. Co operative Bank pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Co operative Bank 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Co operative Bank for conveyancing panel firms in your area. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Co operative Bank conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Co operative Bank conveyancing panel as it may only take about 2-3 weeks. As long as they meet Co operative Bank’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I have today made my last payment due on mortgage with Co operative Bank. I assume I don't need a solicitor on the Co operative Bank panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Co operative Bank 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 Co operative Bank mortgage from the register. Co operative Bank,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 Co operative Bank has sent the Land Registry the discharge electronically, and
the Co operative Bank has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Co operative Bank mortgage has been paid off.
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