Clydesdale Bank Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. It is a unique risk management tool.

This system facilitates the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Clydesdale Bank’s changes. Even though using the software is not a condition for being on the Clydesdale Bank panel, demonstrating you can remain up to date with Clydesdale Bank’s Handbook requirements is a helpful support to your panel application and, more importantly, safeguard your panel standing.

The system generates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. It is also simply to use, cost-effective and, for many firms, results in reduced PII premiums.

Find a Law Firm approved by Clydesdale Bank

Banks and building societies often vary their requirements. The BSA instructions from Clydesdale Bank are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes

Since 2010, Clydesdale Bank has made 292 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 9.3 days. In total, 50% of the sections of the BSA Requirements for Clydesdale Bank have been changed since 26/1/2010.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
5.14.15b 29/06/2016 CML Absentee Landlord Indemnity Insurance
5.14.15b 27/06/2016 CML Absentee Landlord Indemnity Insurance
16.5.2 11/03/2016 CML
5.13.1 11/03/2016 CML Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance
6.6.1 11/03/2016 CML
4.1 01/12/2014 CML
6.14.3 01/12/2014 CML
6.14.4 01/12/2014 CML
5.20.3 04/07/2012 CML
5.2.1 04/07/2012 CML

Last update 15/01/2019

Frequently asked questions relating to the Clydesdale Bank Solicitor Panel from members of the public

My mortgage broker has says he needs my lawyer’ panel member for the Clydesdale Bank conveyancing panel. Can you suggest how I obtain this. I have contacted my local Clydesdale Bank office but they have not got back to me yet.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Clydesdale Bank.
My lawyer has identified a discrepancy when comparing the information in Clydesdale Bank’s home valuation report and what is in the legal papers for the property. My lawyer informs me that as he is on the Clydesdale Bank conveyancing panel he needs to check that the bank is happy with this discrepancy and is content go ahead. Is my conveyancer’s course or action correct?
A precondition to being on the Clydesdale Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Clydesdale Bank) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I need to find a Clydesdale Bank panel solicitor in Inverness. Can you assist?
It is not clear why you need a Clydesdale Bank panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Clydesdale Bank to find out which solicitors in Clydesdale Bank are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
My lawyers in Liverpool have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with Clydesdale Bank. Is it case that being on the Clydesdale Bank conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Clydesdale Bank Conveyancing Panel Terms. It might be worth you contacting Clydesdale Bank directly.
I previously instructed online conveyancers located in Bristol who are on the Clydesdale Bank solicitor panel. They are now charging me a separate fee of £135 for the legal aspects of the Clydesdale Bank mortgage. Is this a supplemental conveyancing fee set by Clydesdale Bank?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Clydesdale Bank but by your lawyers. Some firms on the Clydesdale Bank will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
We expect to receive a DIP from Clydesdale 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 Clydesdale Bank recommend a solicitor on the Clydesdale Bank 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 Clydesdale Bank conveyancing panel. The solicitor represents both you and the Clydesdale Bank through the process.
I am selling my flat. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Clydesdale Bank are being difficult. The solicitor who is on the Clydesdale Bank conveyancing panel is saying indemnity insurance will be fine but Clydesdale Bank are insisting on a building regulation certificate. Why do Clydesdale Bank have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Clydesdale Bank have referred the matter to their valuer. The reason why Clydesdale Bank 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.