Find a Law Firm
approved by Yorkshire Bank
Ready to buy a new home? Failing to check that a lawyer is on the Yorkshire Bank list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the Yorkshire Bank Home Loans Ltd Conveyancing Panel? How can my firm be reinstated onto the Yorkshire Bank Home Loans Ltd Conveyancing Panel?Find an Approved Solicitor on the Yorkshire Bank Home Loans Ltd Conveyancing Panel
Common questions asked concerning the Yorkshire Bank Solicitor Panel
Much to my surprise I have been told by my financial adviser that my the law firm I have appointed is not on the Yorkshire Bank Conveyancing panel. How can I check?
You need to contact your lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the conveyancing panel for Yorkshire Bank.
We are getting closer to an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Yorkshire Bank. Apparently, being on the Yorkshire Bank conveyancing panel and acting on their behalf he must inform Yorkshire Bank if the balance of the mortgage advance is not just from me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with Yorkshire Bank to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Yorkshire Bank if you agree, failing which, your lawyer must cease to continue acting.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Yorkshire Bank conveyancing panel. My lawyer has said that they are on the Yorkshire Bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Yorkshire Bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Yorkshire Bank solicitor panel.
My uncle passed away last year and as sole heir and executor was left the property. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Yorkshire Bank , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Yorkshire Bank will insist on your using a conveyancer on the Yorkshire Bank conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Yorkshire Bank conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Yorkshire Bank mortgage is registered as a charge at the Land Registry.
When it comes to lenders such as Yorkshire Bank do lawyers have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Is it the case that all conveyancing solicitors on the Yorkshire Bank conveyancing panel overseen by the SRA?
As a firm of solicitors, in order to be on the Yorkshire Bank conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
My offer on house has been accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What should be my next step? At what point should I appy for the mortgage with Yorkshire Bank?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Yorkshire Bank conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Yorkshire Bank and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
Other Topics
Transfer of Equity for Yorkshire BankPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors