Find a Law Firm
approved by State Bank of India UK
Ready to buy a new home? Failing to check that a lawyer is on the State Bank of India UK list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the State Bank of India UK Conveyancing Panel? How can my firm be reinstated onto the State Bank of India UK Conveyancing Panel?Find an Approved Solicitor on the State Bank of India UK Conveyancing Panel
State Bank of India UK Solicitor Panel Recently Asked Questions
On what basis could a law firm be removed from the State Bank of India UK solicitor panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been removed from a lender panel. The top reasons in order are :
- lack 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 State Bank of India UK
My solicitor has spotted a discrepancy between the information in State Bank of India UK’s valuation survey and what is in the legal papers for the property. My lawyer informs me that as he is on the State Bank of India UK conveyancing panel he needs to check that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s course or action appropriate?
A precondition to being on the State Bank of India UK approved panel is to comply with the CML Handbook requirements (last updated for this lender on State Bank of India UK) 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.
I see that you have a search directory listing law firms on the State Bank of India UK conveyancing panel. Do firms pay you a referral fee if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the State Bank of India UK conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
My house is up for sale and I have a buyer. Does my solicitor have to be on the State Bank of India UK conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the State Bank of India UK 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.
When it comes to lenders such as State Bank of India UK do solicitors have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I have paid off my mortgage with State Bank of India UK. I assume I don't need a solicitor on the State Bank of India UK panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your State Bank of India UK mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the State Bank of India UK mortgage from the register. State Bank of India UK,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the State Bank of India UK has sent the Land Registry the discharge electronically, and
the State Bank of India UK has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your State Bank of India UK mortgage has been paid off.
My offer on house has been accepted, the seller does however have a dependent purchase. 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 do I do now? When should I get the mortgage app going with State Bank of India UK?
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 State Bank of India UK 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 State Bank of India UK and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
Other Topics
Transfer of Equity for State Bank of India UKPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors