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How does my firm apply to be on the Yorkshire Building Society Conveyancing Panel? How can my firm be reinstated onto the Yorkshire Building Society Conveyancing Panel?Find an Approved Solicitor on the Yorkshire Building Society Conveyancing Panel
Q and A’s regarding the Yorkshire Building Society Conveyancing Panel
A solicitor I wanted to use for conveyancing on a purchase said he would charge more if my mortgage is with Yorkshire Building Society because of their difficult processes! Am I likely to be frustrated using Yorkshire Building Society? Is Yorkshire Building Society conveyancing so much more difficult?
Yorkshire Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Yorkshire Building Society conveyancing panel. If they are not, this does add further risk of delay as Yorkshire Building Society will appoint their own solicitors to look after their interest.
Our solicitor has uncovered a defect 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 pay for it. Our lawyer has advised that as he is on the Yorkshire Building Society conveyancing panel he must check that the lender is happy with this solution. Are we the client or is Yorkshire Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Yorkshire Building Society are the client. A precondition to being on the Yorkshire Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Yorkshire Building Society). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Yorkshire Building Society 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.
I see that you have a search directory identifying firms on the Yorkshire Building Society conveyancing panel. Do firms pay you a commission if I retain them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Yorkshire Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am selling my house. Does my solicitor have to be on the Yorkshire Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Yorkshire Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
We were going to get a DIP from Yorkshire Building Society this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Yorkshire Building Society recommend a solicitor on the Yorkshire Building Society 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 Building Society conveyancing panel. The solicitor represents both you and the Yorkshire Building Society through the process.
I have today made my last payment due on mortgage with Yorkshire Building Society. I assume I don't need a solicitor on the Yorkshire Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Yorkshire Building Society 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 Yorkshire Building Society mortgage from the register. Yorkshire Building Society,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 Yorkshire Building Society has sent the Land Registry the discharge electronically, and
the Yorkshire Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Yorkshire Building Society mortgage has been paid off.
I am due to exchange contracts on my apartment. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Yorkshire Building Society are being problematic. The solicitor who is on the Yorkshire Building Society conveyancing panel is saying indemnity insurance will be fine but Yorkshire Building Society are insisting on a building regulation certificate. Why do Yorkshire Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Yorkshire Building Society have referred the matter to their valuer. The reason why Yorkshire Building Society 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.