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approved by Clydesdale Bank
Ready to buy a new home? Failing to check that a lawyer is on the Clydesdale Bank list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Clydesdale Bank plc Conveyancing Panel? How can my firm be reinstated onto the Clydesdale Bank plc Conveyancing Panel?Find an Approved Solicitor on the Clydesdale Bank plc Conveyancing Panel
Q and A’s regarding the Clydesdale Bank Conveyancing Panel
Much to my surprise I have been told by my mortgage broker that my property lawyer is not on the Clydesdale Bank Conveyancing panel. How can I check?
The first thing you need to do is 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 Clydesdale Bank.
Our lawyer has discovered a problem with the lease for the property we are buying. The seller’s lawyers have suggested title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor says that as he is on the Clydesdale Bank conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or Clydesdale Bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Clydesdale Bank are the client. A precondition to being on the Clydesdale Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Clydesdale Bank). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Clydesdale Bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . 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.
Do lenders provide you with an approved list of solicitors? How do you know who is on the Clydesdale Bank conveyancing panel?
The law firm practices themselves provide us confirmation that they are on the Clydesdale Bank conveyancing panel as opposed to being supplied with a list from Clydesdale Bank directly.
My grandmother passed away six months ago and as sole heir and executor was left the house. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Clydesdale Bank , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Clydesdale Bank will insist on your using a conveyancer on the Clydesdale 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 Clydesdale 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 Clydesdale Bank mortgage is registered as a charge at the Land Registry.
I have today made my last payment due on mortgage with Clydesdale Bank. I assume I don't need a solicitor on the Clydesdale Bank panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Clydesdale Bank mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Clydesdale Bank mortgage from the register. Clydesdale Bank,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Clydesdale Bank has sent the Land Registry the discharge electronically, and
the Clydesdale Bank has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Clydesdale Bank mortgage has been paid off.
I am selling my house. I had a double glazing fitted in month 6 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Clydesdale Bank are being difficult. The solicitor who is on the Clydesdale Bank conveyancing panel is saying indemnity insurance will be fine but Clydesdale Bank are requiring a building regulation certificate. Why do Clydesdale Bank have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Clydesdale Bank have referred the matter to their valuer. The reason why Clydesdale Bank may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
Clydesdale Bank have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Clydesdale Bank or your broker and complete any relevant paperwork. Clydesdale Bank will tell you what documents they want. Clydesdale Bank will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Clydesdale Bank will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
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Transfer of Equity for Clydesdale BankPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors