DB UK Bank Conveyancing Panel Information

We only know of a couple of lenders that operate a separate conveyancing panel where the mortgage advance is over a certain threshold. You should nevertheless check directly with DB UK Bank. At one stage HSBC would only allow Sole practitioners to act for them where the mortgage was below £150,000. We are not sure if HSBC still operate such a condition. In your case it is best to check with DB UK Bank

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 DB UK Bank conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

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

Full complaints history for each conveyancing solicitor

Whether the firm has ever accepted instructions in respect of property clubs and investment schemes

List of fee-earners who are foreign qualified

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

House price discrepancies (declared to lender vs. registered at Land Registry)

top-up split and history of any refusals

Summary of annual accounts

Full complaints history for each licensed conveyancer

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

In order to be on the DB UK Bank conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily DB UK Bank) are as follows:

• To notify us in writing of any change in your details as held on our records for example, change of address, telephone number, document exchange number email address. Notification must be given to us at least 10 days before the change will be effective.
• That any deeds you borrow from us in connection with the personal mortgage of a partner or director at your firm must be requested by a partner or director other than the partner or director concerned and the transaction must be handled by that other partner or director. If you are a sole practitioner and require the loan of deeds in connection with your own mortgage, you must nominate a different firm on our panel to request the deeds and handle the transaction.
• You have the consent of all borrowers to apply for the deeds, before making any request for deeds. We will accept your request for deeds on the understanding that you have obtained such consent. If this is not the case then you should advise our Deeds Services Department in writing when you make your request
• To quote on all communications with us relating to deeds/registration issues, whether by telephone or in writing, the panel number that we provide for each practising address and the mortgage account or application number for the mortgage concerned.
• If you are a sole practitioner, to arrange for appropriate locum cover from our panel where necessary. Your locum must be a member of the Conveyancing panel.

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

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 DB UK Bank solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You would be advised to contact DB UK Bank to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an individual question for lenders to enumerate who to contact to obtain standard documents. DB UK Bank in their Part 2’s state: It helps to quote the firm’s DB UK Bank conveyancing panel reference.