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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.
Looking for information about your firm's panel status?Is my firm on the First Trust Bank Conveyancing Panel? 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
Examples of recent questions relating to the First Trust Bank Solicitor Panel
Am I correct in assuming that the fact that my conveyancer is not identified on the First Trust Bank Solicitor panel that there is a problem with the standard of his 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 top 3 reasons are as follows: (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 First Trust Bank.
Our lawyer has discovered a legal deficiency with the lease for the flat we are purchasing. The seller’s lawyers have suggested defective title insurance as a solution. We are content with insurance and will cover the costs. Our solicitor has advised that as he is on the First Trust Bank conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or First Trust Bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and First Trust Bank are the client. 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 Handbook conditions require your lawyer to disclose issues such as defects will the lease so that First Trust Bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I have been Googling for online conveyancing estimates. Can I be assured that all the law firms that are identified on your website are on the First Trust Bank conveyancing panel?
The solicitor and licensed conveyancing practices on our directory 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 mortgage company or a member of the public that the data about a specific firm being on the First Trust Bank conveyancing panel is incorrect.
I am purchasing a new build flat and getting a mortgage with First Trust Bank. Can I do my own 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 true that all solicitor firms on the First Trust Bank conveyancing panel overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the First Trust Bank conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I have today made my last payment due on mortgage with First Trust Bank. I assume I don't need a solicitor on the First Trust Bank panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your First Trust 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 First Trust Bank mortgage from the register. First Trust 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 First Trust Bank has sent the Land Registry the discharge electronically, and the First Trust Bank has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your First Trust Bank mortgage has been paid off.
My ex -wife’s name is on the First Trust 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 First Trust Bank mortgage in order to sell?
In terms of the First Trust 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 First Trust 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.