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approved by State Bank of India UK

Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year. The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to banks and building societies purging less reputable firms off their books

Any lawyer on the State Bank of India UK conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in State Bank of India UK’s Part 2 requirements of the CML Handbook (last updated on State Bank of India UK). Being on the State Bank of India UK conveyancing panel your lawyer is expect to follow these requirements.

Unfortunately it’s not apparent 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

In theory, you could use a solicitor that is not on State Bank of India UK conveyancing panel, but State Bank of India UK would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.

There is no definitive answer here. Have State Bank of India UK completed the valuation? Have you advised State Bank of India UK as your lawyers details and checked that your lawyer is on the State Bank of India UK conveyancing panel? It is not unusual for a mortgage offer to take a month to come through

State Bank of India UK must be informed of your intention prior to renting your property as this is likely to be a breach of State Bank of India UK’s mortgage conditions. It may be that State Bank of India UK will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact State Bank of India UK directly. You need not do this via a State Bank of India UK conveyancing panel lawyer.

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.