Skipton Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. It is a unique risk management tool.

This software optimises the way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with automatic updates on Skipton Building Society’s changes. While using this technology is not a condition for being on the Skipton Building Society panel, demonstrating you can remain up to date with Skipton Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, safeguard your panel status.

The software generates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Skipton Building Society

Lenders often vary their requirements. The UK Finance Lenders’ Handbook requirements from Skipton Building Society 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, Skipton Building Society has made 356 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 7.7 days. In total, 62% of the sections of P2 of the UK Finance Lenders’ Handbook for Skipton Building Society have been changed since 15/12/2008.

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Q and A’s regarding the Skipton Building Society Conveyancing Panel from members of the public

I was advised recently by my mortgage broker that my solicitor is not on the Skipton Building Society Solicitor panel. How can I be certain that this is indeed the case?
The best course of action for you to take is to contact your conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the the approved Skipton Building Society solicitor panel.
Please help. My conveyancer is advising me that he is legally obliged to apply for a Local Authority search as the firm are on the Skipton Building Society approved lawyer panel. The searches cost a lot of money. Can this be avoided?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with Skipton Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Skipton Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Skipton Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I am looking to buy a flat and require a conveyancing solicitor in who is on the Skipton Building Society solicitor. Could you point me in the right direction as regards a firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Skipton Building Society . We don’t recommend any particular firm.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Skipton Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Skipton Building Society 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.
is it true that all solicitor practices on the Skipton Building Society conveyancing panel overseen by the SRA?
As solicitors, in order to be on the Skipton Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
For 5 years I had a mortgage with Skipton Building Society. My uncle has just retired and wants to pay off my mortgage. After Skipton Building Society 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 Skipton Building Society conveyancing panel? I do not intend to live at the property once the Skipton Building Society mortgage is discharged.
You will need a solicitor but they need not be on the Skipton Building Society conveyancing 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.
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 telephoned Skipton Building Society on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Skipton Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the Skipton Building Society panel she or he must comply with the CML Handbook requirements for Skipton Building Society. Unless your lawyer obtains specific confirmation in writing that Skipton Building Society 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 Skipton Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.