Find an Approved Solicitor on the State Bank of India UK
Q and A’s regarding the State Bank of India UK Conveyancing Panel
On what basis would a law firm be excluded from the State Bank of India UK solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices 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
Can you help?. My lawyer is not to blame but, my purchase conveyancing has been going on for months. The Local Authority Search from State Bank of India UK was date stamped random date and we have agreed a date for me to move into the property on 6. My solicitor says that as she is on the State Bank of India UK conveyancing panel she needs to redo the searches as they are no longer valid.
One of the many conditions 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 states that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to State Bank of India UK.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the State Bank of India UK conveyancing panel. My lawyer has said that they are on the State Bank of India UK approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the State Bank of India UK conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the State Bank of India UK solicitor panel.
I am buying a terraced house and getting a mortgage with State Bank of India UK. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the State Bank of India UK conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the State Bank of India UK conveyancing panel in your location.
When it comes to lenders such as State Bank of India UK do lawyers 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 previously instructed online conveyancers located in London who are on the State Bank of India UK solicitor panel. They have just invoiced me a separate fee of £150 for dealing with the State Bank of India UK mortgage. Is this an additional conveyancing fee set 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 but plenty of firms include it on their overall fee.
Planning on purchasing a flat with a mortgage with State Bank of India UK. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the State Bank of India UK conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the State Bank of India UK conveyancing panel
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Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors