Bradford & Bingley Conveyancing Panel Information

Many estate agents are feeling the pain if their clients start out on the buying process using a solicitor who is not on the panel with the purchaser’s chosen lender. Many conveyancing firms are only discovering when they begin working on a case that they are no longer able to work with that lender. Given the inevitable resultant delays in the transaction the chances of an abortive deal increases dramatically. in the circumstances there is understandable anguish on the part of the estate agent as a result of the lost time should the client have to change solicitors .

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

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 Bradford & Bingley 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.

In the circumstances please clarify on the form what steps you have taken to find out the reasons behind cancellation of your Bradford & Bingley panel membership. In particular please provide details if you have received communications from the lender. E.G. before termination of your panel membership did you receive any letters or calls from the lender putting you on notice?

You need to communicate with Bradford & Bingley to obtain standard documents. The CML Handbook includes an individual inquiry for lenders to establish who to contact to obtain standard documents. Bradford & Bingley in their Part 2’s state: Please remember to disclose the firm’s Bradford & Bingley conveyancing panel number.