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Coutts Finance Solicitor Panel: Recently Asked Questions
Will the fact that my practice subscribes to Alerts via this site help in my application to join the Coutts Finance solicitor panel?
The criteria to join the Coutts Finance conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
Is there a standard appeals process to prevent solicitors from being unfairly removed them from lender conveyancing panels?
We have come across many solicitors who feel they have been removed from lenders’ panels without an explanation or a good
reason. It is highly unlikely, given that lenders have distanced
themselves from creating a standardised appeals process for
brokers, that an appeals process will be introduced for
lawyers. Commenting on the call by brokers to have a standardised
process the CML said’ “While we understand that some lenders do have
an appeals process, it would not be appropriate for a trade body such
as the CML to seek to be prescriptive about such a process.” Some
lenders do of course set out an appeals policy. The Law Society does
have information on it’s site that may be of assistance. If you would
like to talk to one of our compliance experts about our Lender Panel
Protection Service please complete the form here.
Being on the Coutts Finance conveyancing panel how long am I obliged to keep hold of the complete conveyancing file?
The Council of Mortgage Lender requirements of
Coutts Finance are silent on this. Most mortgage companies address the issue of file retention via their Terms and Conditions where they generally provide that for evidential purposes, the firm must keep the file for a minimum six years from the date of the mortgage. Data imagining is normally
suitable compliance with this requirement. Many lenders point out in
that it is the practice of some fraudsters to demand the conveyancing
file on completion in order to destroy evidence that may later be
used against them. It is therefore important to retain these
documents to protect Coutts Finance’s interest. To be
absolutely sure of Coutts Finance requirements in this regard
please check the Terms and Conditions of Coutts Finance’s
conveyancing panel membership.
What sort of information are Lenders such as
Coutts Finance are asking for when it comes to applying to be on their approved solicitor list?
Criteria differ from lender to lender.
We do not hold specific requirements relating to the questions raised as part of the application to be on the
Coutts Finance conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):
PII Cover details, including, if relevant, whether the firm is or has been in the assigned risks pool and structure of cover – basic
List of all those staff who work within the conveyancing team
Full complaints history for each licensed conveyancer
SRA or equivalent regulator registration number where applicable
Number of lender conveyancing panels the firm is currently on
List of all those who fund the firm, including non-lawyers if applicable
Firm name, address and contact details including all branches (including evidence of existence through risk-based physical visits and Google Streetview checks)
Areas of Law covered by the firm
List of all solicitors within firm
Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers
St Giles’ PII renewal form asks if my firm had been removed off any mortgage panels in the last 12 months.
I just discovered that the firm is no longer on the
Coutts Finance solicitor panel? Will that impact my PII premium?
The best placed professionals to answer this question are your insurance brokers.
The chances are that on the basis that you have not been removed for
fraud or negligence reasons that there will be little or no
impact. The main reason why a firm would be removed off of a lender
panel is due to low volume of conveyancing cases although there may be
a number of criteria for Coutts Finance solicitor panel
membership. Please remember that it is always important that you
complete your insurance forms accurately.
Our practice is on the
Coutts Finance
conveyancing panel and scheduled to complete a remortgage within the next few weeks. My papers do not include a Legal Charge for the client to sign.
Who do I contact at Coutts Finance to get a duplicate Deed?
You should communicate with Coutts Finance
to obtain standard documents. The CML Handbook contains a specific question for banks to enumerate who to contact to obtain standard documents.
Coutts Finance in their Part 2’s state:
It is likely that you will need to disclose your Coutts Finance conveyancing panel number.
Find a Lawyer on the Coutts Finance Conveyancing Panel
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Average number of days to register title including a charge in favour of Coutts Finance
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Coutts Finance Firms
- Draft Report on Title precedent for Coutts Finance borrowers
- Draft Anti Money Laundering PolicyTemplate for Coutts Finance panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Coutts Finance lender panel
- Buy-to-Let help for Coutts Finance
- Consent-to-Let help for Coutts Finance
- Contractor Mortgages with Coutts Finance
