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Ready to buy a new home? Failing to check that a lawyer is on the Yorkshire BS list of approved solicitors can put your transaction at risk of delay or failure.
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Much to my surprise I have been told by my mortgage adviser that my the law firm I have appointed is not on the Yorkshire Building Society Conveyancing panel. How can I check?
You need to contact your lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the the approved Yorkshire Building Society solicitor panel.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Yorkshire Building Society will not agree to this. Why was Yorkshire Building Society even consulted?
Your lawyer being on the Yorkshire Building Society conveyancing panel is duty bound to inform Yorkshire Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Yorkshire Building Society then they would have to discontinue acting for you and Yorkshire Building Society.
I require the services of a Yorkshire Building Society panel solicitor in Belfast. Can you assist?
It is not clear why you need a Yorkshire Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Yorkshire Building Society to find out which solicitors in Yorkshire Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
I am considering remortgaging my apartment does my lawyer need to be on the Yorkshire Building Society Conveyancing panel?
In theory, you could use a solicitor that is not on Yorkshire Building Society conveyancing panel, but Yorkshire 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.
Hi, thinking about buying a house off my mate. Assuming we can agree a figure, what’s the best way to proceed? I hope to get a mortgage with Yorkshire Building Society. Is it possible to avoid using solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Yorkshire Building Society involved you will need to appoint a solicitor on the Yorkshire Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Yorkshire Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Yorkshire Building Society conveyancing panel.
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 go independently
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.
After much negotiation I have agreed a price on an apartment. My mortgage broker suggested a solicitor I paid an upfront payment of 175. Soon after the conveyancers contacted me to say that they were not on the Yorkshire Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Yorkshire Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.