Find an Approved Solicitor on the Yorkshire Bank Home Loans Ltd
Common questions asked concerning the Yorkshire Bank Conveyancing Panel
On what basis would a firm of solicitors be excluded from the Yorkshire Bank approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been removed 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 Yorkshire Bank
Our nephew is buying a new build apartment with a mortgage from Yorkshire Bank. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
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 Yorkshire Bank conveyancing panel as a standard part of the process, and to the valuer when requested.
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 Yorkshire Bank conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am looking to buy a house and need a conveyancing solicitor in London who is on the Yorkshire Bank conveyancing. Can you recommend a local solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire Bank . We don’t recommend any particular firm.
My grandfather passed away 10 months ago and as sole heir and executor was left the house. The house had a small mortgage left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Yorkshire Bank , pay off the mortgage etc. Is this allowed?
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.
We are getting a further advance on our mortgage from Yorkshire Bank as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Yorkshire Bank conveyancing panel to deal with the paperwork?
Yorkshire Bank do not ordinarily instruct a member of 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 Yorkshire Bank panel
We were going to get a DIP from Yorkshire Bank this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Yorkshire Bank recommend a solicitor on the Yorkshire Bank conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Yorkshire Bank conveyancing panel. The solicitor represents both you and the Yorkshire Bank through the process.
I was told two weeks ago that my mortgage has been agreed
to by Yorkshire Bank. Is it usual for Yorkshire Bank to only issue the offer once my
solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Yorkshire Bank to deal with your lawyers application to be on the Yorkshire Bank conveyancing panel. There's no guarantee that your solicitors will be accepted.