Looking for information about your firm's panel status?
Bank of Scotland Conveyancing Panel: Recently Asked Questions
Does the fact that my practice subscribes to LENDERmonitor Alerts help in my application to join the Bank of Scotland solicitor panel?
The requirements to join the Bank of Scotland conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
What sort of information are Lenders such as
Bank of Scotland are asking for when it comes to applying to be on their approved conveyancing panel?
Although not necessarily published, lenders have varying criteria .
We do not hold specific requirements relating to the questions raised as part of the application to be on the
Bank of Scotland conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):
Full complaints history for each conveyancing solicitor
and Conveyancing Quality Scheme
List of all those staff who work within the conveyancing team
List of all those who can sign off the Certificate Of Title
Automated alerting to inform lenders when there is a fundamental change to the firm (e.g. change of name)
SRA or equivalent regulator registration number where applicable
Number of lender conveyancing panels the firm is currently on
Whether the firm is able to operate in other jurisdictions
Full career history for each solicitor including admission date to the relevant Law Society
Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers
Does my firm run the risk of removal off the
Bank of Scotland conveyancing panel if I have not sent the deeds on a purchase within a certain period of completion?
One might ordinarily expect
Bank of Scotland via their Part Two requirements to address this but the Handbook makes no mention on deadlines to send deeds. Do look at the Terms of
Bank of Scotland’s Conveyancing Panel Appointment that you are bound by. For many lender's these Terms contain a provision along the following lines:
‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is important to keep
Bank of Scotland updated.
Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.
In conducting leasehold conveyancing do
Bank of Scotland panel solicitors need to consider if there is a missing freeholder?
On the basis that your practice in is on the
Bank of Scotland conveyancing panel and you are representing them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If
Bank of Scotland are to lend, they may require indemnity insurance. In any event,you will need to check
Bank of Scotland’s specific requirements. Notwithstanding whether
Bank of Scotland will lend in such circumstances you still need to advise the borrower (unless you are acting for
Bank of Scotland alone) as to the risks of buying a property with an insolvent or absentee freeholder.
I read the occasional LENDERmonitor notification but I don't see that many important changes. By way of illustration, I am on the
Bank of Scotland conveyancing panel and receive a notification only advising of a change of address. Does that matter?
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 affect your ability to remain on the
Bank of Scotland solicitor panel. Lets say that Bank of Scotland change their requirements as to where the post completion documents should be sent.
Do you update the details in your CMS? Is this recorded anywhere? Is this information passed on to secretaries and assistants? In your Certificate of Title to Bank of Scotland you are giving assurances that you will forward the relevant documents within 10 days of receiving the TID. 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
Bank of Scotland 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 their old address.
My firm has just been advised that it’s Bank of Scotland panel membership revoked but we have not yet been given an explanation yet.
I am completing a CQS application form what details must I disclose?
In this situation please clarify on the form what action you have taken to discover the reasons behind cancellation of your
Bank of Scotland panel status.
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?
Our practice is on the
Bank of Scotland
conveyancing panel and scheduled to complete a remortgage shortly. I dont have a Legal Charge for the client to sign.
Who do I contact at Bank of Scotland to get a duplicate Deed?
You need to contact Bank of Scotland
to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an individual inquiry for lenders to set out 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 reference.
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Average number of days to register title including a charge in favour of Bank of Scotland
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | 39.0 |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Bank of Scotland Firms
- Draft Report on Title precedent for Bank of Scotland borrowers
- Draft Anti Money Laundering PolicyTemplate for Bank of Scotland panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Bank of Scotland lender panel
- Buy-to-Let help for Bank of Scotland
- Consent-to-Let help for Bank of Scotland
- Contractor Mortgages with Bank of Scotland
