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approved by secureTrustBank
Ready to buy a new home? Failing to check that a lawyer is on the secureTrustBank list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Secure Trust Bank PLC Conveyancing Panel
Examples of recent questions relating to the Secure Trust Bank Solicitor Panel
My lawyer is not listed on the Secure Trust Bank Conveyancing Panel. Can I still use my preferred solicitor notwithstanding that they are excluded from the Secure Trust Bank panel of approved conveyancing solicitors?
You will need to have a conveyancer complete the legal work required when you take out a Secure Trust Bank mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Secure Trust Bank conveyancing panel additional costs will be incurred as separate legal representation will be required by Secure Trust Bank. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
My solicitor has spotted an inconsistency when comparing the information in Secure Trust Bank’s home valuation report and what is in the conveyancing documents. My solicitor says that as he is on the Secure Trust Bank conveyancing panel he must check that the lender is OK with this discrepancy and is content go ahead. Is my lawyer’s course or action appropriate?
A precondition to being on the Secure Trust Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Secure Trust Bank) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am Googling for conveyancing quotes online. Can I be assured that all the firms that are listed on your site are on the Secure Trust Bank conveyancing panel?
The law firms on our directory have advised us that they are on the Secure Trust Bank panel and agreed to advise us to take down their listing in the event of removal off of the Secure Trust Bank panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Secure Trust Bank conveyancing panel is incorrect.
I was expecting to complete on my flat two days ago. My solicitor is on the Secure Trust Bank solicitors panel but has changed address 8 weeks ago and had not informed Secure Trust Bank of their new address. Secure Trust Bank is now refusing to release my funds as the information from the solicitors isn't correct.
This is as unusual as it is unlucky. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Secure Trust Bank branch or your mortgage broker to see if they can help.
Can I be sure that the solicitor on the Secure Trust Bank panel is any good?
seeking recommendations is a sensible start. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer carrying out your transaction
My wife and I have arranged a further advance on our mortgage from Secure Trust Bank as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Secure Trust Bank conveyancing panel to deal with the legals?
Secure Trust Bank do not ordinarily appoint a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Secure Trust Bank panel
I am buying a property where the roof has a solar panel. Secure Trust Bank have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Secure Trust Bank your lawyer must to check the Secure Trust Bank conveyancing instructions contained in the Part of CML Handbook for Secure Trust Bank . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Secure Trust Bank where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.