FAQs for the Clydesdale Bank Solicitor Panel from members of the public
Am I correct in assuming that the fact that my conveyancer is not on the Clydesdale Bank Conveyancing panel that there is a problem with the quality of the firm’s work?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Clydesdale Bank.
We are only a couple days away from an exchange and my parents having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender Clydesdale Bank. Apparently, being on the Clydesdale Bank conveyancing panel and acting on their behalf he must inform Clydesdale Bank if the balance of the mortgage advance is not just from me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for him to raise this?
Your lawyer is obliged to check with Clydesdale Bank to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Clydesdale Bank if you agree, failing which, your lawyer must cease to continue acting.
Do I have to pop into the offices of the Clydesdale Bank conveyancing panel solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Liverpool
so that I can attend their offices if required.
As opposed to ten years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Liverpool
.
I am purchasing a right to buy flat and getting a mortgage with Clydesdale Bank. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Clydesdale Bank conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Clydesdale Bank conveyancing panel in your location.
Can you point me to a directory of Clydesdale Bank panel conveyancers on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
We are getting 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 would not normally appoint firms on 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 panel
We have agreed a price on a house I spoke to a lawyer previously used by my uncle and he recommended instructing a property lawyers approved by Clydesdale Bank. The estate agent recommended two local firms so I asked Clydesdale Bank if the 2 suggested solicitors are approved, which they are not. Clydesdale Bank pointed out that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Clydesdale Bank 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Clydesdale Bank 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 Clydesdale Bank 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 Clydesdale Bank conveyancing panel as it may only take about 2-3 weeks. As long as they meet Clydesdale Bank’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.
