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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.
Looking for information about your firm's panel status?
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
Common questions asked concerning the Clydesdale Bank Solicitor Panel
For what reasons would a firm of solicitors be removed from the Clydesdale Bank solicitor panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of solicitor practices had been excluded from a lender panel. The top reasons in order are :
- lack of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Clydesdale Bank
My lawyer has spotted a discrepancy when comparing the assumptions in Clydesdale Bank’s valuation report and what is revealed within the title deeds. My solicitor informs me that as he is on the Clydesdale Bank conveyancing panel he needs to ensure that the lender is with this discrepancy and is still content to lend. Is my lawyer’s stance correct?
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) 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 both parties.
Are the lawyers identified as being on the Clydesdale Bank conveyancing panel, together with their details provided by Clydesdale Bank?
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.
I am buying a terraced house and getting a mortgage with Clydesdale Bank. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Clydesdale Bank conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Clydesdale Bank conveyancing panel in your location.
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Clydesdale Bank conveyancing panel requirements are different to Clydesdale Bank’s conveyancing panel requirements.
My wife and I have arranged a further advance on our mortgage from Clydesdale Bank as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Clydesdale Bank conveyancing panel to deal with the legals?
Clydesdale Bank do not ordinarily instruct firms on their conveyancing panel 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 Clydesdale Bank panel
I am buying a property where the roof has a solar panel. Clydesdale 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 Clydesdale Bank your lawyer must to check the Clydesdale Bank conveyancing instructions contained in the Part of CML Handbook for Clydesdale Bank . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Clydesdale Bank where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
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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