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Reliance Bank Solicitor Panel: Recently Asked Questions
Reliance Bank wants me to represent them alone on a residential conveyancing transaction , using the CML Lender’s Handbook. The borrower has his own solicitor (not on the
Reliance Bank conveyancing panel) How will this work and are there different requirements from Reliance Bank in this situation?
The Council of Mortgage Lenders, together with
Reliance Bank and other lenders developed a standard set of requirements where a conveyancer is representing a lender such as Reliance Bank alone in a residential conveyancing matter.
These legal instructions are contained at Part III of the UK Finance Lenders’ Handbook and are to be followed together with Parts 1 & 2.
The CML have published an example requirements letter to the borrower’s conveyancer for use by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel solicitor.
Why are Estate Agents using search tools to check if lawyers are on a lenders conveyancing panel?
Many estate agents will be feeling the pain if their clients start out on the buying process having appointed a conveyancer who is not on the panel with the purchaser’s chosen lender. Many
conveyancing firms are only discovering when they begin working on a
case that they are no longer able to work with that lender. Given
the inevitable resultant delays in the transaction the chances of an
abortive deal increases dramatically. in the circumstances there is
understandable anguish on the part of the estate agent as a result of
the lost time should the client have to change solicitors .
What is the CLC doing to protect licensed conveyancers from being removed from lender panels?
The CLC has begun discussions 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
Reliance Bank as well as the BSA.
My PI renewal application this year contained the following question: ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the UK Finance Lenders’ Handbook?’ My firm is on the majority of lender panels including the
Reliance Bank conveyancing panel. We have Terms and Conditions of appointment which we are duty bound to comply with. Should I reference these Terms ?
The concern here is if you are expect to enter into ‘more onerous’ conditions that than the Handbook obligations.
You have to try and take an objective view as to whether the Terms relating to the
Reliance Bank conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the UK Finance Lenders’ Handbook Conditions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before moving forward on this question.
My post-completion clerk has left my firm on short notice.
I urgently need to prioritise making sure that charges are registered. That said, how quickly do I need to send deeds to
Reliance Bank once the charge is registered before my firm runs the risk of being suspended off the conveyancing panel for Reliance Bank?
Reliance Bank will likely expect the deeds to be sent to them within 10 days of you receiving the TID (unless their specific P2 requirements specifically state that they you are not to send them anything). Most COTs refer to complying with the Certificate of Title referred to in IB (3.7) of the SRA Code of Conduct 2011, published by the Law Society which states that you ‘will despatch to you such deeds and documents relating to the Property as you require with a list of them in the form prescribed by you within ten working days of receipt by us of the title information document from the Land Registry’ As to whether the lender will suspend your panel status this very much varies according to the lender’s own internal policies The more cases you have the more risk you face. Some lenders may take action if there records show that the deeds are outstanding for more than 3 matters. The fact is that if you keep within the time frame then you will have more chance of remaining on the
Reliance Bank conveyancing panel.
We had our Reliance Bank panel membership suspended but we have not yet been given an explanation yet.
I am completing a CQS application form what information should I disclose?
In this situation please explain on the application what steps you have taken to find out the reasons behind cancellation of your
Reliance Bank panel membership.
In particular please provide details if you have received communications from the lender. E.G. before termination of your panel membership did you receive any letters or calls from the lender advising you as to their reasons?
My firm is listed on the
Reliance Bank
conveyancing panel and due to complete a purchase within the next week. My papers do not include a Legal Charge for the client to sign.
Who do I contact at Reliance Bank to obtain duplicate documents?
You should communicate with Reliance Bank
to obtain standard documents. The The Council of Mortgage Lenders Handbook has a specific inquiry for lenders to cite who to contact to obtain standard documents.
Reliance Bank in their Part 2’s state:
It helps to disclose the firm’s Reliance Bank solicitors panel number.
Find a Lawyer on the Reliance Bank Conveyancing Panel
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Average number of days to register title including a charge in favour of Reliance Bank
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Reliance Bank Firms
- Draft Report on Title precedent for Reliance Bank borrowers
- Draft Anti Money Laundering PolicyTemplate for Reliance Bank panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Reliance Bank lender panel
- Buy-to-Let help for Reliance Bank
- Consent-to-Let help for Reliance Bank
- Contractor Mortgages with Reliance Bank
