Bank of Scotland Conveyancing Panel Information

The CML, together with Bank of Scotland and other members created a standard set of requirements where a solicitor is acting for a lender such as Bank of Scotland alone in a residential conveyancing matter. These requirements are contained at Part Three of the UK Finance Lenders’ Handbook and are to be followed together with Part I and II. 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.

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

• Average mortgage advance
• The percentage of the firm’s business which is conveyancing (broken down into sale/purchase and remortgage)
• Evidence of undertaking logs
• 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)

9 borrowers attempt to locate a property lawyer on the Bank of Scotland panel each month in Hendon. Please contact the team at lenderpanel.com to see how your firm can be found by those searching for conveyancing in Hendon.

In this situation please explain on the application what steps you have taken to find out the reasons behind cancellation of your Bank of Scotland panel membership. In particular please provide details if you have received communications from the lender. E.G. before cessation of your panel membership did you receive any letters or calls from the lender informing you as to why they reached this decision?

You should get in touch with Bank of Scotland to obtain standard documents. The CML Handbook incorporates a specific inquiry for banks to establish who to contact to obtain standard documents. Bank of Scotland in their Part 2’s state: It helps to disclose the firm’s Bank of Scotland conveyancing panel number.