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approved by Skipton BS
Ready to buy a new home? Failing to check that a lawyer is on the Skipton BS 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 Skipton Building Society Conveyancing Panel? How can my firm be reinstated onto the Skipton Building Society Conveyancing Panel?Find an Approved Solicitor on the Skipton Building Society Conveyancing Panel
Examples of recent questions relating to the Skipton Building Society Solicitor Panel
We are hoping to buy a 1 bedroom apartment in Hackney with a mortgage from Skipton Building Society. We like our lawyer but Skipton Building Society says he's not on their "panel". We have to appoint one of the Skipton Building Society panel firms or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Skipton Building Society conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Skipton Building Society
Our nephew is buying a new build apartment with a mortgage from Skipton Building Society. His solicitor has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Skipton Building Society conveyancing panel as a standard part of the process, and to the surveyor when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Skipton Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I note that you have a post code search directory listing solicitors on the Skipton Building Society conveyancing panel. Do firms pay you a referral fee if I instruct them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Skipton Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
The firm that I recently instructed on my purchase in Brighton has without warning shut down. I only went with them because I needed a lawyer on the Skipton Building Society conveyancing panel and my family lawyer was not. I gave them a cheque for £150 in advance. What should be my next steps?
If you have an estate agent involved then let them know straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Skipton Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help
Last month we had a mortgage agreed in principle with Skipton Building Society. Solicitors have been chosen? What is the average time that one could expect to receive a mortgage offer from Skipton Building Society?
There is no definitive answer here. Have Skipton Building Society done the valuation? Have you advised Skipton Building Society as your lawyers details and checked that your lawyer is on the Skipton Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
Is it common for Skipton Building Society to withdraw a mortgage offer and what would be the reasoning?
Lenders such as Skipton Building Society can withdraw their mortgage offer although this rarely happens. If Skipton Building Society withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are various possible reasons but here are a few examples:
- If the financial circumstances of the borrower have changed to the detriment and the Skipton Building Society has been notified
- A cashback to the buyer, or | part of the price includes a non-cash incentive to the buyer (eg paid stamp duty land tax),or | any indirect incentive (cash or non cash) or rental guarantee, of which the lender was previously unaware
- Where to proceed with the Mortgage offer would be unlawful
- Following advice from the valuer on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
- Where the sale is not at arms length for value to unconnected persons
The for formalities of my purchase has taken place with a loan from Skipton Building Society. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about Skipton Building Society. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first port of call should be one of the Skipton Building Society branches or the Customer Services Team at Skipton Building Society head office. In most cases complaints to Skipton Building Society are resolved effectively and efficiently. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.