Secure Trust Bank Conveyancing Panel Information

We only know of a couple of lenders that operate a distinct approved solicitors panel where the mortgage advance is over a certain amount. You should nevertheless check directly with Secure Trust Bank. At one stage HSBC would only allow Sole practitioners to act for them where the mortgage was below £150,000. We are not sure if HSBC still operate such a condition. In your case it is best to check with Secure Trust Bank

When a solicitor is acting for both Secure Trust Bank 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 Secure Trust Bank and it may well be prudent you to cease to act for the purchaser as well. You can not tell the Secure Trust Bank 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 Secure Trust Bank conveyancing panel status.

15 consumers attempt to locate a conveyancer on the Secure Trust Bank panel every 4 weeks in Hendon. Feel free to contact the Lexsure team who will tell how your firm can be listed by those searching for conveyancing in Hendon.

The best placed professionals to answer this question are your insurance brokers. The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for Secure Trust Bank solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You need to get in touch with Secure Trust Bank to obtain standard documents. The The Council of Mortgage Lenders Handbook has a specific question for banks to reveal who to contact to obtain standard documents. Secure Trust Bank in their Part 2’s state: It helps to disclose your Secure Trust Bank solicitors panel number.