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approved by First Trust Bank
Ready to buy a new home? Failing to check that a lawyer is on the First Trust 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 First Trust Bank Conveyancing Panel? How can my firm be reinstated onto the First Trust Bank Conveyancing Panel?Find an Approved Solicitor on the First Trust Bank Conveyancing Panel
First Trust Bank Solicitor Panel Example Support Desk Enquires
On what basis would a law firm be removed from the First Trust Bank solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been removed from a lender panel. The top reasons in order are :
- lack of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by First Trust Bank
I am purchasing a new build apartment and my solicitor is advising me that she is duty bound to reveal incentives from the seller as her firm is on the First Trust Bank conveyancing panel. I am under pressure to exchange and my preference is not to prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the First Trust Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on First Trust 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 looking for conveyancing quotes online. Can I be assured that all the practices that are listed on your website are on the First Trust Bank conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the First Trust Bank panel and agreed to advise us to take down their listing in the event of removal off of the First Trust 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 First Trust Bank conveyancing panel is not accurate.
I am buying a new build flat and getting a mortgage with First Trust Bank. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the First Trust Bank conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the First Trust Bank conveyancing panel in your location.
Is it the case that all conveyancing lawyers on the First Trust Bank conveyancing panel work on a no move no charge 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
I had instructed online conveyancers based in Birmingham who are on the First Trust Bank solicitor panel. They have just invoiced me a separate fee of £135 for dealing with the First Trust Bank mortgage. Is this an additional conveyancing fee specified by First Trust Bank?
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 First Trust Bank but by your lawyers. Some firms on the First Trust Bank will charge an ‘acting for lender’ fee and others do not.
My brother and I have had an offer accepted on a apartment I spoke to a lawyer recommended by my uncle and he suggested instructing a solicitor approved by First Trust Bank. The estate agent recommended two local firms so I asked First Trust Bank if the 2 suggested solicitors are approved, which they are not. First Trust 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 First Trust Bank 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of First Trust Bank for conveyancing panel firms in your area. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the First Trust 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 First Trust Bank conveyancing panel as it may only take about 2-3 weeks. As long as they meet First Trust 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.
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