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Bank of Scotland Private Solicitor Panel: Recently Asked Questions
Can you give me an example of some of the reports available via COMPLETIONmonitor to support my appeal to be reinstated on the Bank of Scotland Private solicitor panel?
There are many reports available, five of which are as follows:
- Current and historic missed priority dates
- The percentage of the firm’s business which is conveyancing (broken down into sale/purchase and remortgage)
- Average time frame to send deeds to the lender (calculated from completion date or title registration)
- Evidence of undertaking logs
- Average time frame to register charges at the Land Registry
Do banks such as
Bank of Scotland Private operate a separate conveyancing panel for buy to let mortgages?
The majority of lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with
Bank of Scotland Private as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from
Bank of Scotland Private we suggest that you call
Bank of Scotland Private to check the position.
What type of firms do building societies allow to be on their Conveyancing Panels?
In the same way that there is a unique Bank of Scotland Private
conveyancing panel most building societies, operate a conveyancing
panel for solicitors and other conveyancers that the lender will
instruct. Terms and Conditions and criteria for inclusion on a
building society conveyancing panel vary from lender-to-lender. Having
CQS accreditation may be a requirement. Institutional lenders, such
as a building society, is a client and is entitled to instruct the
solicitor or conveyancer of its choosing (who, in turn, is free to
accept or refuse instructions). Therefore, if lender and borrower
cannot agree which solicitor or conveyancer should represent them
jointly, they would usually proceed on a separate representation
basis. The BSA have not published the equivalent of the UK Finance Lenders’ Handbook
Part 3s.
My conveyancing assistant has resigned unexpectedly.
I urgently need to prioritise making sure that charges are registered. That said, how quickly do I need to send deeds to
Bank of Scotland Private once the charge is registered before my firm runs the risk of being suspended off the conveyancing panel for Bank of Scotland Private?
Bank of Scotland Private will likely expect the deeds to be sent to them within 10 days of you receiving the TID (unless their specific P2 requirements specifically state that they you are not to send them anything). Most COTs refer to complying with the Certificate of Title referred to in IB (3.7) of the SRA Code of Conduct 2011, published by the Law Society which states that you ‘will despatch to you such deeds and documents relating to the Property as you require with a list of them in the form prescribed by you within ten working days of receipt by us of the title information document from the Land Registry’ As to whether the lender will suspend your panel status this very much varies according to the lender’s own internal policies The more cases you have the more risk you face. Some lenders may take action if there records show that the deeds are outstanding for more than 3 matters. The fact is that if you keep within the time frame then you will have more chance of remaining on the
Bank of Scotland Private conveyancing panel.
Are figures published revealing the
Bank of Scotland Private conveyancing panel size as well as the number of conveyancing firms dismissed each year?
With banks and conveyancing firms working so closely with one another it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the
Bank of Scotland Private conveyancing panel but for all lender panel listings
Our membership of the
Bank of Scotland Private conveyancing panel was suspended but was reinstated on appeal, do I need to include this information on my application for CQS accreditation?
You should provide details of the date of removal, information on the reason for
removal, date of appeal and any reason given for reinstatement. This
should not adversely impact your application but gives the CQS team viability as to what has gone on.
Our practice is on the
Bank of Scotland Private
conveyancing panel and scheduled to complete a remortgage shortly. My file does not contain a Legal Charge for the client to execute.
Who do I contact at Bank of Scotland Private to obtain duplicate documents?
You need to communicate with Bank of Scotland Private
to obtain standard documents. The CML Handbook incorporates an explicit section for banks to cite who to contact to obtain standard documents.
Bank of Scotland Private in their Part 2’s state:
It is likely that you will need to disclose the firm’s Bank of Scotland Private conveyancing panel reference.
Find a Lawyer on the Bank of Scotland Private Conveyancing Panel
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Average number of days to register title including a charge in favour of Bank of Scotland Private
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Bank of Scotland Private Firms
- Draft Report on Title precedent for Bank of Scotland Private borrowers
- Draft Anti Money Laundering PolicyTemplate for Bank of Scotland Private panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Bank of Scotland Private lender panel
- Buy-to-Let help for Bank of Scotland Private
- Consent-to-Let help for Bank of Scotland Private
- Contractor Mortgages with Bank of Scotland Private
