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Ready to buy a new home? Failing to check that a lawyer is on the secureTrustBank 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 Secure Trust Bank PLC Conveyancing Panel? How does my firm apply to be on the Secure Trust Bank PLC Conveyancing Panel? How can my firm be reinstated onto the Secure Trust Bank PLC Conveyancing Panel?
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Secure Trust Bank Conveyancing Panel Recently Asked Questions
I have been advised by my broker that I have to pay Secure Trust Bank fees if I use my own solicitor. How efficient are the Secure Trust Bank conveyancing panel solicitors? I dont care which law firm I use as long as they're good and not exorbitantly priced. Are there any Secure Trust Bank conveyancers you'd recommend?
Secure Trust Bank’s conveyancing panel is pretty large so your best bet is just to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Secure Trust Bank will allow to act for them.
My conveyancer has identified a discrepancy between the information in Secure Trust Bank’s home valuation survey and what is in the title deeds. My lawyer has advised that as he is on the Secure Trust Bank conveyancing panel he is obliged to check that the bank is happy with this discrepancy and is content go ahead. Is my conveyancer’s stance appropriate?
A precondition to being on the Secure Trust Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Secure Trust Bank) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
What tools are available to find a local solicitor on the Secure Trust Bank conveyancing panel? I have a car and am prepared to travel up to 10 miles to meet the conveyancer.
Feel free to make use of the find a conveyancing panel tool on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Secure Trust Bank solicitor panel.
I am in the process of remortgaging my home does my lawyer have to be on the Secure Trust Bank Solicitor panel?
In theory, you could use a solicitor that is not on Secure Trust Bank conveyancing panel, but Secure Trust 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 transaction.
is it true that all conveyancing solicitors on the Secure Trust Bank conveyancing panel regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Secure 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).
What are the common reasons for a lender such as Secure Trust Bank to withdraw a mortgage offer?
Lenders such as Secure Trust Bank can withdraw their mortgage offer although this is unusual. If Secure Trust 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:
- Secure Trust Bank may amend or withdraw an offer if the Secure Trust 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
- Many mortgage offers have an expiry date. Your lawyer should check this. Secure Trust Bank may amend or withdraw an offer before the end of its validation period if an offer extension is requested and following a re-evaluation of the property the value of the security is below a level which is acceptable to them.
- If the borrower informs Secure Trust Bank of a change in security address
- Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
- If the lender reasonably suspects that the applicant, borrower, mortgagor or guarantor is involved in any criminal or fraudulent activity, including trading in illegal drugs or other substances, theft, robbery, deception or other serious offences, or if the applicant borrower, mortgagor or guarantor has a conviction for any serious criminal offence, including theft, deception, fraud, robbery or trade in illegal drugs or other substances;
I recently had an offer accepted on an apartment. My mortgage broker suggested a solicitor I paid an upfront payment of 200. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Secure Trust Bank conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Secure Trust Bank panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.