Clydesdale Bank Solicitor Panel Example Support Desk Enquires from members of the public
On what basis could a firm of solicitors be removed from the Clydesdale Bank approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been excluded from a lender panel. The top reasons in order are :
- lack 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
My son-in-law is buying a new build apartment with a mortgage from Clydesdale Bank. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Clydesdale Bank conveyancing panel as a standard part of the process, and to the valuer when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Clydesdale Bank conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I need to find a Clydesdale Bank panel solicitor in Belfast. 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. At a fee of one pound per month it is not expensive to register on the site
I am selling my house. Does my solicitor have to be on the Clydesdale Bank conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Clydesdale Bank conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
We are getting a further advance on our mortgage from Clydesdale Bank as we wish to carry out alterations or improvements 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 instruct a member of their conveyancing panel 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
I have paid off my mortgage with Clydesdale Bank. I assume I don't need a solicitor on the Clydesdale Bank panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Clydesdale Bank mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Clydesdale Bank mortgage from the register. Clydesdale Bank,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Clydesdale Bank has sent the Land Registry the discharge electronically, and
the Clydesdale Bank has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Clydesdale Bank mortgage has been paid off.
I have a mortgage with Clydesdale Bank. My godfather retired last week and wants to pay off my mortgage. After Clydesdale Bank is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Clydesdale Bank conveyancing panel? I do not intend to live at the property once the Clydesdale Bank mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Clydesdale Bank 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.
