Handelsbanken Conveyancing Panel Information

The CLC has begun dialogue with banks and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than via ad hoc arrangements that can differ from lender to lender. It is likely that that the CLC have been in touch with lenders such as Handelsbanken since 2008 which is when lenders started being more restrictive.

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

• Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
• Average time frame to send deeds to the lender (calculated from completion date or title registration)
• Average mortgage advance
• Average time frame to register charges at the Land Registry
• Buy to Let transactions

For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the Handelsbanken conveyancing panel to see if you are entitled to a reason.

There are various requirements you need to follow if you wish to comply with your lender client’s instructions as set out in the UK Finance Lenders’ Handbook. First, You must take reasonable steps to verify that there are no discrepancies between the description of the property as valued and the title and other documents which a reasonably competent conveyancer should obtain, and, if there are, you must tell Handelsbanken immediately. Second, You should take reasonable steps to verify that the assumptions stated by the valuer about the title (for example, its tenure, easements, boundaries and restrictions on its use) in the valuation and as stated in Handelsbanken’s mortgage offer are correct. If they are not, please let Handelsbanken know as soon as possible as it will be necessary for Handelsbanken to check with the valuer whether the valuation needs to be revised. Handelsbanken conveyancing panel solicitors are not expected to assume the role of valuer. Handelsbanken are simply trying to ensure that the valuer has valued the property based on correct information. (c) Handelsbanken recommend that you should advise the borrower that there may be defects in the property which are not revealed by the inspection carried out by their valuer and there may be omissions or inaccuracies in the report which do not matter to them as a lender but which would matter to the borrower. Handelsbanken recommend that, if we send a copy of a valuation report that Handelsbanken have obtained, you should also advise the borrower that the borrower should not rely on the report in deciding whether to proceed with the purchase and that he obtains his own more detailed report on the condition and value of the property, based on a fuller inspection such as a homebuyers report or comprehensive survey. If you do not receive a copy of the valuation you can always ask for a copy of one from Handelsbanken or the borrower. You still need to comply with the UK Finance Lenders’ Handbook Requirement relating to valuation reports even if you don't receive one directly. Failure to comply not only runs the risk of facing a claim by the lender but also being removed from the Handelsbanken conveyancing panel

You should 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 negatively affect your application but gives the CQS team viability as to what has occured.

You need to contact Handelsbanken to obtain standard documents. The CML Handbook includes a specific inquiry for lenders to reveal who to contact to obtain standard documents. Handelsbanken in their Part 2’s state: You will need to disclose your Handelsbanken conveyancing panel reference.