Barclays plc Conveyancing Panel Information

The Council of Mortgage Lenders do not maintain historic copies of P2 conditions Pre January 2011. The CML recommend you make a request of Barclays plc directly.

The Council of Mortgage Lenders is not a regulator and therefore will not advise on complaints against lenders. You can of course contact Lexsure to see if we can help.

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 Barclays plc as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Barclays plc we suggest that you call Barclays plc to check the position.

You will be aware of the trend in recent years for lenders such as Barclays plc to take a much more pro-active approach in relation to the management and make up of their conveyancer panels. The knock on effect of this is that it is more likely that there will be a higher number of cases where a conveyancer is not on the Barclays plc panel. The situation that you find yourself in is where your client’s purchaser has his/her own lawyer and Barclays plc have appointed a separate lawyer to act on their behalf where the new UK Finance Part 3 requirements apply. Section 11.1 of the UK Finance Lenders’ Handbook Part 3 requires Barclays plc’s panel solicitor to ‘ ...transfer the mortgage advance directly to the Seller’s conveyancer. The Seller’s conveyancer must be required to hold the mortgage advance on the terms of the required undertaking. The example borrower’s conveyancer’s undertaking letter includes a specific example of the seller’s undertaking’. You should expect to be advised to received the mortgage advance directly from the conveyancing solicitors for Barclays plc. You will no doubt be required to undertake directly to Barclays plc’s solicitors to discharge any charges secured on the property and to send directly to them the executed transfer and any other documents required to enable us to effect registration. Please remember to carefully consider undertakings in accordance with your firm’s protocol and record them in your undertakings logg. Please remember that as well as this breach of this undertaking having regulatory and compliance implications it’s breach could also result in your firm being removed off the Barclays plc conveyancing panel.

CQS membership gives no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to remain on their approved list of firms. A number of Lenders now use the scheme as the starting point for Panel acceptance as is the case with Santander.

You would be advised to contact Barclays plc to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an individual section for banks to establish who to contact to obtain standard documents. Barclays plc in their Part 2’s state: It helps to quote the firm’s Barclays plc solicitors panel reference.