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Ready to buy a new home? Failing to check that a lawyer is on the Reliance list of approved solicitors can put your transaction at risk of delay or failure.

Find an Approved Solicitor on the Reliance Bank Ltd Conveyancing Panel

FAQs : The Reliance Bank Solicitor Panel

I am hoping to receive a mortgage with Reliance Bank. I would like to enlist the help of a Licensed Conveyancer. Does the Reliance Bank Solicitor panel exclude conveyancers regulated by the CLC
Reliance Bank’s approved solicitor list is, like many other lenders associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
can you help? My conveyancer is advising me that he is legally obliged to order a Local Authority search as the firm are on the Reliance Bank approved lawyer panel. Is my lawyer correct?
You have limited options available to you. As you are taking a mortgage with Reliance Bank your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Reliance Bank’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Reliance Bank. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Do all the licensed conveyancers and solicitor practices listed on your directory have online case tracking as I was under the impression that this was a precondition of being on the Reliance Bank conveyancing panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Reliance Bank conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Reliance Bank conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Why might a lender such as Reliance Bank withdraw a mortgage offer?
Lenders such as Reliance Bank can withdraw their mortgage offer although this is unusual. If Reliance Bank withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are a few examples:
  • Where information comes to Reliance Bank ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
  • Reliance Bank may amend or withdraw an offer if the Reliance Bank conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
  • Following advice from the valuer on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
  • Where the sale is not at arms length for value to unconnected persons
  • If the solicitor on the Reliance Bank conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Reliance Bank ‘s instructions
Completion of my purchase has taken place with a loan from Reliance Bank. Conveyancing was of an acceptable standard but I would like to complain about Reliance Bank. Who do I contact should I wish to lodge a complaint?
All lenders have complaints procedures. Your first point of contact should be one of the Reliance Bank branches or the Customer Services Team at Reliance Bank head office. In most cases complaints to Reliance Bank are resolved effectively and efficiently. However if you are not satisfied that the matter is resolved you can write to the Financial Ombudsman Service with full details of your complaint.
At last I have had an offer on an apartment accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What should be my next step? When should I get the mortgage app going with Reliance Bank?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Reliance Bank conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Reliance Bank and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.