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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
FAQs for the Yorkshire Building Society Conveyancing Panel
I have been advised by my broker that I have to pay Yorkshire Building Society fees should I instruct my family lawyer. How efficient are the Yorkshire Building Society conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH as long as they're good and reasonably priced. Are there any Yorkshire Building Society conveyancers you'd recommend?
Yorkshire Building Society’s conveyancing panel is substantial so your best bet is just to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that Yorkshire Building Society will allow to act for them.
I am due to complete my purchase next Tuesday. 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?
All property lawyers 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.
I am looking to buy a house and need a conveyancing solicitor in Birmingham who is on the Yorkshire Building Society 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 Building Society . We don’t recommend any particular firm.
I am attempting to get my former partner removed the mortgage deeds. Can Yorkshire Building Society really tell me which solicitor I can or can not use?
You can use any solicitor you like but Yorkshire Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Yorkshire Building Society solicitors panel
Is it the case that all solicitor practices on the Yorkshire Building Society conveyancing panel regulated by the SRA?
As solicitors, in order to be on the Yorkshire Building Society conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
In what circumstances might Yorkshire Building Society amend or withdraw their mortgage offer?
Banks and Building Societies such as Yorkshire Building Society can withdraw their mortgage offer although this rarely happens. In the unlikely event that Yorkshire Building Society withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are a number of examples:
- Yorkshire Building Society may amend or withdraw an offer if the Yorkshire Building Society conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
- Many mortgage offers have an expiry date. Your lawyer should check this. Yorkshire Building Society may amend or withdraw an offer before the end of its validation period if an offer extension is requested and following a re-evaluation of the property the value of the security is below a level which is acceptable to them.
- Where the lender has to take account a recent change in law
- Where the lender is on notice of a restriction or a right of pre-emption which is not at market value
- Where the Lender’s right to possession is fettered in some way
For 5 years I had a mortgage with Yorkshire Building Society. My grandfather retired last week and wants to pay off my mortgage. After Yorkshire Building Society is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Yorkshire Building Society conveyancing panel? I do not intend to live at the property once the Yorkshire Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Yorkshire Building Society panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.