Bank of Scotland Private Conveyancing Panel Information

Each lender has different criteria. We do not hold specific requirements relating to the questions raised as part of the application to be on the Bank of Scotland Private conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

List of all those who can sign off the Certificate Of Title

List of fee-earners who are foreign qualified

Solicitor

SRA or equivalent regulator registration number where applicable

Number of lender conveyancing panels the firm is currently on

PII Cover details, including, if relevant, whether the firm is or has been in the assigned risks pool and structure of cover – basic

Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers

Whether the firm has ever applied for accreditation and the outcome of the application

Structure of firm and, where applicable, its group

Charge registration history

There are many reports available, five of which are as follows:

• Average time frame to register charges at the Land Registry
• Current and historic missed priority dates
• Evidence of undertaking logs
• Average time frame to send deeds to the lender (calculated from completion date or title registration)
• The percentage of the firm’s business which is conveyancing (broken down into sale/purchase and remortgage)

The concern here is if you are expect to enter into ‘more onerous’ conditions that than the Handbook obligations. You have to try and take an objective view as to whether the Terms relating to the Bank of Scotland Private conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the UK Finance Lenders’ Handbook Conditions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before completing the answer.

We would recommend that you 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 Law Society viability as to what has happened.

You should communicate with Bank of Scotland Private to obtain standard documents. The The Council of Mortgage Lenders Handbook includes an explicit question for lenders to set out who to contact to obtain standard documents. Bank of Scotland Private in their Part 2’s state: Please remember to quote your Bank of Scotland Private solicitors panel reference.