Clydesdale Bank Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and professional indemnity insures. COMPLETIONmonitor is a unique risk mitigation tool.

This system is the only way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with alerts on Clydesdale Bank’s changes. While using the software is not a condition for acceptance on the Clydesdale Bank panel, demonstrating you can stay up to date with Clydesdale Bank’s Handbook requirements is an excellent support to your panel application and, just as importantly, safeguard your panel status.

The software creates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Clydesdale Bank

Mortgage companies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Clydesdale Bank are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes

Since 2008, Clydesdale Bank has made 294 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 9.3 days. In total, 50% of the sections of P2 of the UK Finance Lenders’ Handbook for Clydesdale Bank have been changed since 15/12/2008.

To find out more about lender panel compliance,

Book a Personalised Demo

Recent Changes Include

# Date Assoc. Changes Related To
12.3.1 11/03/2016 CML
14.2.1 11/03/2016 CML
16.5.3a 11/03/2016 CML
5.15.2a 11/03/2016 CML
5.16.2 11/03/2016 CML
6.12.1 11/03/2016 CML
6.13.1 11/03/2016 CML
6.4.5 11/03/2016 CML
6.14.3 01/12/2014 CML
5.4.5 31/07/2013 CML Local Search Indemnity Insurance

Last update 12/09/2019

Q and A’s regarding the Clydesdale Bank Solicitor Panel from members of the public

I need to swap lawyers as my lawyer is not on the Clydesdale Bank panel of conveyancing solicitors. How easy is it to change conveyancer?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
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 Clydesdale Bank will not agree to this. Why was Clydesdale Bank even consulted?
Your lawyer being on the Clydesdale Bank conveyancing panel is duty bound to inform Clydesdale Bank of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Clydesdale Bank then they would have to discontinue acting for you and Clydesdale Bank.
I am buying a property and require a conveyancing solicitor in Manchester who is on the Clydesdale Bank conveyancing. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Clydesdale Bank . We don’t recommend any particular firm.
My solicitors in Liverpool have advised me that no longer have my conveyancing file. To assist with 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 prescribed period?
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.
My wife and I have arranged a further advance on our mortgage from Clydesdale Bank as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Clydesdale Bank conveyancing panel to deal with the legals?
Clydesdale Bank do not ordinarily appoint a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Clydesdale Bank list
We expect to receive a DIP from Clydesdale Bank 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 Clydesdale Bank recommend a solicitor on the Clydesdale Bank conveyancing panel, or is it better to find our own lawyer
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.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called into my local branch Clydesdale Bank on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Clydesdale Bank conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the Clydesdale Bank panel she or he must comply with the CML Handbook requirements for Clydesdale Bank. Unless your lawyer obtains specific confirmation in writing that Clydesdale Bank will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Clydesdale Bank to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.