Q and A’s regarding the Skipton Building Society Conveyancing Panel
from members of the public
My husband and I are hoping to buy a 2 bedroom apartment in Leeds with a mortgage from Skipton Building Society. We like our lawyer but Skipton Building Society says he's not on their "panel". It seems we have little choice but to instruct one of the Skipton Building Society panel solicitors or keep our solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Skipton Building Society conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Skipton Building Society
We are nearing 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 Skipton Building Society. Apparently, being on the Skipton Building Society conveyancing panel and acting on their behalf he must inform Skipton Building Society if the balance of the mortgage advance is not just from me. I informed 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 Skipton Building Society 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 Skipton Building Society if you agree, failing which, your lawyer must cease to continue acting.
How do I search for a local solicitor on the Skipton Building Society conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the conveyancer.
Feel free to make use of the find a conveyancing panel tool on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Skipton Building Society solicitor panel.
We're in Liverpool, FTBs purchasing with a mortgage (lender is Skipton Building Society , but our lawyer is on the Skipton Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Skipton Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
We expect to receive a DIP from Skipton Building Society this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Skipton Building Society recommend a solicitor on the Skipton Building Society 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 Skipton Building Society conveyancing panel. The solicitor represents both you and the Skipton Building Society through the process.
I am due to exchange contracts on my house. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Skipton Building Society are being pedantic. The solicitor who is on the Skipton Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Skipton Building Society are insisting on a building regulation certificate. Why do Skipton Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Skipton Building Society have referred the matter to their valuer. The reason why Skipton Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
My ex -wife’s name is on the Skipton Building Society mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Skipton Building Society mortgage in order to sell?
As regards the Skipton Building Society mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Skipton Building Society in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.