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approved by DB UK Bank
Ready to buy a new home? Failing to check that a lawyer is on the DB UK 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 DB UK Bank Ltd Conveyancing Panel? How can my firm be reinstated onto the DB UK Bank Ltd Conveyancing Panel?Find an Approved Solicitor on the DB UK Bank Ltd Conveyancing Panel
FAQs : The DB UK Bank Conveyancing Panel
I need to swap lawyers as my lawyer is not on the DB UK Bank panel of conveyancing solicitors. Is it advisable to appoint a new law firm?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
Can you help?. For no fault of my lawyer but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from DB UK Bank was dated random date and we have agreed a date for me to move into the property on 6 months + 3. My lawyer has advised that as she is on the DB UK Bank conveyancing panel she needs to redo the searches as they are no longer valid.
One of the many conditions to being on the DB UK Bank approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on DB UK Bank)which specifies that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to DB UK Bank.
Are the lawyers identified as being on the DB UK Bank conveyancing panel, together with their details provided by DB UK Bank?
The firms themselves provide us confirmation that they are on the DB UK Bank conveyancing panel as opposed to being supplied with a list from DB UK Bank directly.
Please explain the implications if my lawyer’s firm is expelled from the DB UK Bank Solicitor panel prior to the completion date?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Is it the case that all conveyancing solicitors on the DB UK Bank conveyancing panel overseen by the SRA?
As solicitors, in order to be on the DB UK Bank conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
For 5 years I had a mortgage with DB UK Bank. My father has just retired and wants to pay off the mortgage left on the property. After DB UK Bank is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the DB UK Bank conveyancing panel? I do not intend to live at the property once the DB UK Bank mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the DB UK Bank 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.
I am selling my house. I had a double glazing fitted in month 6 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, DB UK Bank are being a right pain. The solicitor who is on the DB UK Bank conveyancing panel is recommending indemnity insurance as a solution but DB UK Bank are requiring a building regulation certificate. Why do DB UK Bank have a conveyancing panel of they don’t accept advice from them?
It is probably the case that DB UK Bank have referred the matter to their valuer. The reason why DB UK 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.
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Transfer of Equity for DB UK BankPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors