Clydesdale Bank Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers such as AmTrust. It is a unique risk mitigation tool.

This software is the only way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Clydesdale Bank’s changes. While utilising this technology is not a prerequisite for Clydesdale Bank , demonstrating you can remain up to date with Clydesdale Bank’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, protect your firm’s panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, leads to a PII saving.

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Mortgage companies often change 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, frequently:

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.

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Recent Changes Include

# Date Assoc. Changes Related To
17.2.1a 11/03/2016 CML
5.15.2a 11/03/2016 CML
5.1.1 11/03/2016 CML
6.11.1 11/03/2016 CML Obstruction of Access Indemnity Insurance
6.2.1 11/03/2016 CML
3.1.4 01/12/2014 CML
6.14.1c 01/12/2014 CML
6.14.3 01/12/2014 CML
4.1 05/03/2014 CML
17.2.1b 12/07/2013 CML

Last update 14/07/2019

Examples of recent questions relating to the Clydesdale Bank Solicitor Panel from members of the public

My financial adviser has informed me that I have to pay Clydesdale Bank fees if I use my own solicitor. How good are the Clydesdale Bank conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH provided that they are good and not exorbitantly priced. Are there any Clydesdale Bank conveyancers you'd recommend?
Clydesdale Bank’s conveyancing panel is substantial so your best bet is just to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Clydesdale Bank will allow to act for them.
We are nearing an exchange and my mum and dad having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification 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 coming from anyone other than me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
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 all mortgage companies provide you with an approved list of solicitors? How do you know who is on the Clydesdale Bank conveyancing panel?
The firms themselves provide us confirmation that they are on the Clydesdale Bank conveyancing panel as opposed to being supplied with a list from Clydesdale Bank directly.
I was expecting to move into my flat yesterday. My lawyer’s firm is on the Clydesdale Bank solicitors panel but has moved offices 8 weeks ago and had not informed Clydesdale Bank of their new address. Clydesdale Bank is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Clydesdale Bank branch or your mortgage broker to see if they can help.
Is there a list of Clydesdale Bank panel conveyancers on the CML Handbook 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.
Is it the case that all conveyancing lawyers on the Clydesdale Bank conveyancing panel work on a no sale no fee 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
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 would not normally instruct firms on 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 panel