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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.

Find an Approved Solicitor on the Co operative Bank plc Conveyancing Panel

Common questions asked concerning the Co operative Bank Conveyancing Panel

On what basis would a law firm be removed from the Co operative Bank approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been removed from a lender panel. The most common reasons in order 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. We are not aware of the specific or common criteria for removal by Co operative Bank
Can you help?. For no fault of my lawyer but, my purchase conveyancing has been going on for months. The Local Authority Search from Co operative Bank was dated random date and we have agreed a date for me to move into the property on Tues etc. My solicitor has advised that as she is on the Co operative Bank conveyancing panel she needs to redo the searches as they are no longer acceptable to the lender.
One of the many conditions to being on the Co operative Bank approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Co operative Bank)which specifies that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Co operative Bank.
Do I have to visit the offices of the Co operative Bank conveyancing panel solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Bristol so that I can attend their offices if necessary.
Most conveyancing panel lawyers for Co operative Bank undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
I am considering applying for a Co operative Bank mortgage for purchase of a new build (under development) with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Co operative Bank?
In theory, you could use a solicitor that is not on Co operative Bank conveyancing panel, but Co operative Bank would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Do conveyancing solicitors on the Co operative Bank conveyancing panel work on a no sale no fee basis?
In the main 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
I have decided to exercise my right to buy my property off the council. I have a mortgage offer with Co operative Bank. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Co operative Bank you will need to appoint a solicitor on the Co operative Bank conveyancing panel.
I am selling my house. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Co operative Bank are being pedantic. The solicitor who is on the Co operative Bank conveyancing panel is recommending indemnity insurance as a solution but Co operative Bank are insisting on a building regulation certificate. Why do Co operative Bank have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Co operative Bank have referred the matter to their valuer. The reason why Co operative Bank may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.