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Handelsbanken Conveyancing Panel: Recently Asked Questions
Handelsbanken wants me to conduct due diligence for them alone on a residential conveyancing transaction , using the CML Lender’s Handbook. The borrower has his own solicitor (not on the
Handelsbanken conveyancing panel) How does this operate and are there different instructions from Handelsbanken in this circumstance?
The Council of Mortgage Lenders, together with
Handelsbanken and other lenders developed a standard set of requirements where a solicitor is acting for a lender such as Handelsbanken alone in a residential conveyancing matter.
These obligations are contained at Part 3 of the UK Finance Lenders’ Handbook and are to be followed together with Sections One and Two.
The CML have published an example requirements letter to the borrower’s conveyancing solicitor for adaptation by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel solicitor.
My firm is not on the
Handelsbanken conveyancing panel as well other banks.
My clients, who have applied for a mortgage with Handelsbanken would still like to instruct me even though I am not on the
Handelsbanken panel. Am I doing anything wrong is suggesting to my client that they use a firm down the road to act for
Handelsbanken on mortgage aspect of the conveyancing?
You need to be careful here as what you are proposing may not be acceptable to the lender.
It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. An increasing amount of lenders are making it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender must appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancing firm.
You also need to make the costs implications and potential for delay very clear to your client.
My firm is on the
Handelsbanken conveyancing panel. I am dealing with
Handelsbanken mortgage on a purchase. My borrower client is asking not to disclose an issue to
Handelsbanken. What do I do in this conflict situation?
When a solicitor is acting for both
Handelsbanken and borrower there is potential for conflicts
to arise. You owe duties to both clients. All information received by
you from your client is confidential and cannot be disclosed without
the client’s consent. In the situation you find yourself in if the
purchaser will not consent to the information being passed on to the
lender the solicitor must cease to act for the Handelsbanken
and it may well be prudent you to cease to act for the purchaser as
well. You can not tell the Handelsbanken the reason for
termination of the retainer over and above the fact that a conflict
has arisen. The fact that you can no longer act should alert even the
most somnambulistic of lenders that something is wrong with the
borrower and/or purchase. The fact that you have disinstructed
yourself should not affect your Handelsbanken conveyancing
panel status.
I read the occasional LENDERmonitor email but I don't see that many important changes. For example, My firm on the
Handelsbanken conveyancing panel and get an alerts only advising of a change of address. Why is that of any relevance?
Yes it does matter because sending a communication or deeds to the wrong address can cause delays that might not only affect your borrower client but also impact your chances of staying on the
Handelsbanken solicitor panel. Lets say that Handelsbanken change their requirements as to where the post completion documents should be sent.
Do you change the details in your case management system? Do you make a note? Is this information passed on to secretaries and assistants? By virtue of your COT Handelsbanken you are giving assurances that you will forward the relevant documents within 10 days of receiving the Title Information Document. Putting to one side the academic question as to whether you are technically breaching an undertaking in sending it to the wrong address, you run the risk of
Handelsbanken suspending you off the panel because they are not receiving the deeds in accordance with the COT. It will not be a valid excuse to say that you sent it to an address that is no longer valid.
my firm’s membership of the
Handelsbanken conveyancing panel was revoked but was reinstated on appeal, do I need to include these details on my application for CQS accreditation?
We would recommend that you supply 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 Law Society a complete picture of what has occured.
I am on the
Handelsbanken
conveyancing panel and all set to complete a purchase within the next week. I dont have a Mortgage Deed for the client to execute.
Who do I contact at Handelsbanken to get a duplicate Deed?
You need to get in touch with Handelsbanken
to obtain standard documents. The CML Handbook includes an individual section for banks to establish who to contact to obtain standard documents.
Handelsbanken in their Part 2’s state:
It is likely that you will need to quote your Handelsbanken conveyancing panel number.
Find a Lawyer on the Handelsbanken Conveyancing Panel
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Average number of days to register title including a charge in favour of Handelsbanken
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Handelsbanken Firms
- Draft Report on Title precedent for Handelsbanken borrowers
- Draft Anti Money Laundering PolicyTemplate for Handelsbanken panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Handelsbanken lender panel
- Buy-to-Let help for Handelsbanken
- Consent-to-Let help for Handelsbanken
- Contractor Mortgages with Handelsbanken
