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approved by Yorkshire BS
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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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
Frequently asked questions relating to the Yorkshire Building Society Solicitor Panel
The solicitor my fiance and I had intended to instruct on a purchase said he will levy higher legal fees if my lender is because of their difficult processes! Will I regret 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.
I am due to move into my new home next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for Yorkshire Building Society. What does the insurance need to cover?
Any lawyer on the Yorkshire Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Yorkshire Building Society’s Part 2 requirements of the CML Handbook (last updated on Yorkshire Building Society). Being on the Yorkshire Building Society conveyancing panel your lawyer is expect to follow these requirements.
Do all the firms listed on your search have online case tracking as I was under the impression that this was a precondition of being on the Yorkshire Building Society solicitor panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
The solicitors that just started acting on my purchase in Manchester has without warning closed. I chose them because I needed a solicitor on the Yorkshire Building Society conveyancing panel and my previous lawyer was not. I gave them a cheque for £150 in advance. What do I do now?
If you have an estate agent involved then inform them straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Yorkshire Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help
Last month we had a mortgage agreed in principle with Yorkshire Building Society. Solicitors have been appointed? What is the average time that one could expect to receive a mortgage offer from Yorkshire Building Society?
Some lenders take longer than others. Have Yorkshire Building Society done the survey? Have you advised Yorkshire Building Society as your lawyers details and checked that your lawyer is on the Yorkshire Building Society conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
I was thinking of purchasing my friend’s property. 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 us both money? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
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.
I have had an offer accepted on a house I spoke to a solicitor recommended by my mum and he suggested retaining a law firm approved by Yorkshire Building Society. The estate agent recommended two local firms so I asked Yorkshire Building Society if the 2 suggested solicitors are approved, which they are not. Yorkshire Building Society suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Yorkshire Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Yorkshire Building Society to suggest a law firm in your location. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Yorkshire Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Yorkshire Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Yorkshire Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.