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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.
Looking for information about your firm's panel status?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?
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Skipton Building Society Conveyancing Panel Recently Asked Questions
I appointed a solicitor to conveyancing on my remortgage six weeks ago having applied for a mortgage with Skipton Building Society. The law firm assured me that they are on Skipton Building Society conveyancing panel and provided me their panel number. Skipton Building Society then called me to say that their panel number was dormant and would need to be reactivated. What do I do from here? Do I instruct a different law firm currently on the conveyancing panel for Skipton Building Society?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Skipton Building Society conveyancing panel You may wish to enlist the help of your broker to check with the Skipton Building Society as to the time frame to get your lawyer reinstated on the panel once again.
My lawyer has uncovered a discrepancy when comparing the information in Skipton Building Society’s valuation survey and what is revealed within the title deeds. My solicitor has advised that as he is on the Skipton Building Society conveyancing panel he is duty bound to ensure that the lender is with this discrepancy and is still content to lend. Is my lawyer’s course or action correct?
A precondition to being on the Skipton Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Skipton Building Society) 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 have been Googling for conveyancing quotes online. Can I be assured that all the firms that are listed on your website are on the Skipton Building Society conveyancing panel?
The law firms listed on our site have advised us that they are on the Skipton Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Skipton Building Society panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Skipton Building Society conveyancing panel is incorrect.
I am considering applying for a Skipton Building Society mortgage for purchase of a new build (under development) with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Skipton Building Society?
In theory, you could use a solicitor that is not on Skipton Building Society conveyancing panel, but Skipton Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Is there a list of Skipton Building Society panel solicitors on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have telephoned Skipton Building Society on various occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Skipton Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
Your lawyer has to follow the CML Handbook Part 2 requirements for Skipton Building Society. Unless your lawyer obtains specific confirmation in writing that Skipton Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Skipton Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
At last I have had an offer on an apartment accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What do I do now? When should I get the mortgage app going with Skipton Building Society?
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 Skipton Building Society 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 Skipton Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.