Find an Approved Solicitor on the State Bank of India UK
Common questions asked concerning the State Bank of India UK Solicitor Panel
A conveyancer I had intended to instruct on a purchase said she would charge more if my mortgage is with State Bank of India UK because of their difficult processes! Am I likely to be frustrated using State Bank of India UK? Any comments will be appreciated
State Bank of India UK conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the State Bank of India UK conveyancing panel. If they are not, this does add further risk of delay as State Bank of India UK will appoint their own solicitors to look after their interest.
Our nephew is in the process of securing a new build apartment with a mortgage from State Bank of India UK. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the State Bank of India UK conveyancing panel as a standard part of the process, and to the surveyor when asked.
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 State Bank of India UK conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
How up to date is your search tool for the State Bank of India UK conveyancing panel? Do State Bank of India UK send you an updated list?
The firms themselves provide us confirmation that they are on the State Bank of India UK conveyancing panel as opposed to being supplied with a list from State Bank of India UK directly.
I was supposed to complete on my first house yesterday. My solicitor is on the State Bank of India UK conveyancing panel but has changed address 8 weeks ago and had not informed State Bank of India UK of their new address. State Bank of India UK has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local State Bank of India UK branch or your mortgage broker to see if they can assist.
How can we tell if a solicitor on the State Bank of India UK panel is any good?
Getting 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 suggest that you speak with the lawyer handling your transaction
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender State Bank of India UK be concerned
As your lender is State Bank of India UK your lawyer must to check the State Bank of India UK conveyancing instructions contained in the Part of CML Handbook for State Bank of India UK . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to State Bank of India UK where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called State Bank of India UK on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the State Bank of India UK conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 requirements for State Bank of India UK. Unless your lawyer obtains specific confirmation in writing that State Bank of India UK will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask State Bank of India UK to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.