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approved by Reliance
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
Examples of recent questions relating to the Reliance Bank Conveyancing Panel
For what reasons could a firm of solicitors be excluded from the Reliance Bank approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been excluded from a lender panel. The top reasons in order are :
- Low volume 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 Reliance Bank
Our son-in-law is in the process of securing a newly built flat with a mortgage from Reliance Bank. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Reliance Bank conveyancing panel as a standard part of the process, and to the surveyor when requested.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Reliance Bank conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Reliance Bank conveyancing panel. My lawyer has said that they are on the Reliance Bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Reliance Bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Reliance Bank solicitor panel.
I am remortgaging my property does my lawyer have to be on the Reliance Bank Conveyancing panel?
In theory, you could use a solicitor that is not on Reliance Bank conveyancing panel, but Reliance 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.
My wife and I have arranged a further advance on our mortgage from Reliance Bank as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Reliance Bank conveyancing panel to deal with the paperwork?
Reliance Bank do not ordinarily instruct firms on their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Reliance Bank panel
I was thinking of purchasing my friend’s property. Once we agree a price, what’s the best way to move forward? I plan to obtain a mortgage with Reliance Bank. Is there anyway to cut out the solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Reliance Bank involved you will need to appoint a solicitor on the Reliance Bank conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Reliance Bank. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Reliance Bank conveyancing panel.
My brother and I have agreed a price on a flat I spoke to a solicitor recommended by my mum and he suggested retaining a solicitor approved by Reliance Bank. The estate agent recommended two local firms so I asked Reliance Bank if the 2 suggested solicitors are approved, which they are not. Reliance Bank suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Reliance Bank 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Reliance 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 Reliance 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 Reliance Bank conveyancing panel as it may only take about 2-3 weeks. As long as they meet Reliance 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.