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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.

Find an Approved Solicitor on the State Bank of India UK Conveyancing Panel

State Bank of India UK Conveyancing Panel : Questions and Answers

My financial adviser has asked me for my law firm’s panel member for the State Bank of India UK conveyancing panel. Can you suggest how I discover this. I have called my local State Bank of India UK office but they have not got back to me yet.
the sensible thing to do is ask for this information from your solicitor. They should have a central record lender panel numbers including the State Bank of India UK panel reference.
We are approaching an exchange and my mum and dad 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 make a notification 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 coming from anyone other than me. I advised 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 am looking to buy a property and need a conveyancing solicitor in London who is on the State Bank of India UK conveyancing. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for State Bank of India UK . We don’t recommend any particular firm.
I was due to move into my dream home yesterday. My solicitor is on the State Bank of India UK conveyancing panel but has changed address 8 weeks ago and had not advised State Bank of India UK of their new address. State Bank of India UK is now refusing to release my funds as the information from the solicitors isn't correct.
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.
Can I be sure that the solicitor on the State Bank of India UK panel is any good?
seeking recommendations is a sensible 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 carrying out your transaction
After much negotiation I have agreed a price on an apartment. My mortgage broker pressured me to appoint their lawyers I paid an upfront payment of 150. Soon after the conveyancers contacted me to say that they were not on the State Bank of India UK 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 State Bank of India UK 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.
After shopping around on the internet I have found a solicitor having checked that they are on the State Bank of India UK conveyancing panel. Does my lawyer arrange the survey of the property? Or Having digested plenty of house buying,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the State Bank of India UK conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
State Bank of India UK will need an independent valuation of the property. Your lawyer will not arrange this. Usually State Bank of India UK will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with State Bank of India UK you could contact your them to see if they have a list of approved surveyors.