Common questions asked concerning the Clydesdale Bank Solicitor Panel from members of the public
For what reasons would a law firm be excluded from the Clydesdale Bank solicitor panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of solicitor practices had been excluded from a lender panel. The most common reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Clydesdale Bank
Our solicitor has uncovered a defect with the lease for the flat we are buying. The seller’s lawyers have suggested defective title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer says that as he is on the Clydesdale Bank conveyancing panel he must ensure that the lender is happy with this solution. Are we the client or is Clydesdale Bank?
Just because you have a mortgage offer from Clydesdale Bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Clydesdale Bank are the client. The appropriate lender requirements have to be complied with by the Clydesdale Bank conveyancing panel who has to balance acting for you and Clydesdale Bank
I need to find a Clydesdale Bank panel solicitor in Inverness. Could you help me?
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
I would like to get my ex-husband removed the mortgage deeds. Can Clydesdale Bank really tell me which solicitor I can or can not instruct?
You can use any solicitor you like but Clydesdale Bank 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 Clydesdale Bank solicitors panel
Do conveyancing lawyers on the Clydesdale Bank conveyancing panel work on a no move no charge basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to move forward? I plan to obtain a mortgage with Clydesdale Bank. 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 Clydesdale Bank involved you will need to appoint a solicitor on the Clydesdale Bank 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 Clydesdale Bank. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Clydesdale Bank conveyancing panel.
Intending to buy a flat with a mortgage with Clydesdale Bank. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Clydesdale Bank conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Clydesdale Bank conveyancing panel
