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National Westminster Bank Solicitor Panel: Recently Asked Questions
Can my practice register a complaint to the CML about being suspended from the National Westminster Bank conveyancing panel?
The CML is an association rather than a regulator and therefore cannot advise on complaints against lenders. You can of course contact Lexsure to see if we can assist.
I have read a number of legal articles recently about firms being sued for non-compliance with CML PII obligations . I am on the
National Westminster Bank conveyancing panel can you tell me how Part 2 changes took place by
National Westminster Bank during 2013?
During 2013, 167 sections of the UK Finance Lenders’ Handbook P2 were changed by
National Westminster Bank. Some changes are more important than others but as a firm on the
National Westminster Bank conveyancing panel you are of course obliged to comply with individual lender requirements, as set out in Part II of the UK Finance Lenders’ Handbook. Locktons have recently pointed out in an article that non-compliance with Part 2 requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.
Remember: CML requirements are not guidelines; they are the lender client’s instructions.
I have been a solicitor for approximately 30 years enjoy an unblemished record and have been refused acceptance on the
National Westminster Bank conveyancing panel with no explanation. Am I not entitled to to know why?
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
National Westminster Bank conveyancing panel to see if you are entitled to a reason.
Where can I find the National Westminster Bank conveyancing panel requirements in respect of Transfer of Equity Conveyancing?
National Westminster Bank approved solicitors are bound by the UK Finance Lenders’ Handbook instructions relating to Transfer of Equity. These are set out in Section 16.3. First, your firm must approve the form of Transfer of Equity (which should be in the Land Registry's standard form) and, if
National Westminster Bank require, the deed of covenant on their behalf. You will need to check
National Westminster Bank CML Part 2 conditions to see if
National Westminster Bank have standard forms of transfer and deed of covenant. Please note that this requirement can change from one transaction to another so do check! Second,When drafting or approving a transfer, you should bear in mind that: although the transfer should state that it is subject to the mortgage (identified by date and parties), it need give no details of the terms of the mortgage; the transfer need not state the amount of the mortgage debt. If it does, the figure should include both principal and interest at the date of completion, which you must check ; there should be no statement that all interest has been paid to date. Further obligations are set out in the UK Finance Lenders’ Handbook which have to be followed by all firms on the
National Westminster Bank conveyancing panel
Should CQS acceptance secure my firm’s acceptance on to lenders conveyancing panels?
CQS accreditation is no guarantee to lender panel acceptance. Nevertheless the Council of Mortgage Lenders have indicated that it is likely to become a prerequisite for firms wishing to remain on their approved list of conveyancing solicitors. A number of mortgage companies now use CQS as the starting point for Panel membership as is the case with Astra Mortgages.
My firm is listed on the
National Westminster Bank
conveyancing panel and all set to complete a remortgage within the next week. My file does not contain a Mortgage Deed for the client to sign.
Who do I contact at National Westminster Bank to obtain duplicate documents?
You would be advised to communicate with National Westminster Bank
to obtain standard documents. The CML Handbook incorporates an individual inquiry for banks to set out who to contact to obtain standard documents.
National Westminster Bank in their Part 2’s state:
It is likely that you will need to quote the firm’s National Westminster Bank solicitors panel number.
Find a Lawyer on the National Westminster Bank Conveyancing Panel
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Average number of days to register title including a charge in favour of National Westminster Bank
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
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- Draft Report on Title precedent for National Westminster Bank borrowers
- Draft Anti Money Laundering PolicyTemplate for National Westminster Bank panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the National Westminster Bank lender panel
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