Find an Approved Solicitor on the State Bank of India UK
Examples of recent questions relating to the State Bank of India UK Conveyancing Panel
My husband and I are purchasing a 1 bedroom flat in Leeds with a mortgage from State Bank of India UK. We would like to retain our solicitor but State Bank of India UK says he's not on their "panel". It seems we have little choice but to instruct one of the State Bank of India UK panel firms or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the State Bank of India UK conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for State Bank of India UK
We are getting closer to an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender State Bank of India UK. I am advised that, being on the State Bank of India UK conveyancing panel and acting on their behalf he must inform State Bank of India UK if the balance of the mortgage advance is not just from me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with State Bank of India UK to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to State Bank of India UK if you agree, failing which, your lawyer must cease to continue acting.
I need to find a State Bank of India UK panel solicitor in Stirling. Can you assist?
It is not clear why you need a State Bank of India UK panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to State Bank of India UK to find out which solicitors in State Bank of India UK are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
What happens if my solicitor is suspended from the State Bank of India UK Conveyancing panel in advance of the moving date as agreed at exchange of contracts?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I previously instructed online conveyancers based in Birmingham who are on the State Bank of India UK solicitor panel. They are now charging me a separate fee of £135 for dealing with the State Bank of India UK mortgage. Is this a supplemental conveyancing fee specified by State Bank of India UK?
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 State Bank of India UK but by your lawyers. Some firms on the State Bank of India UK will charge an ‘acting for lender’ fee and others do not.
Can I be sure that the solicitor on the State Bank of India UK panel is any good?
obtaining recommendations is a good starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor carrying out your transaction
Do most banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the State Bank of India UK conveyancing panel requirements are different to State Bank of India UK’s conveyancing panel requirements.
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