Skipton Building Society Conveyancing Panel : Questions and Answers
from members of the public
My mortgage broker has asked me for my law firm’s panel member for the Skipton Building Society conveyancing panel. Can you suggest how I find this out. I have tried my local Skipton Building Society branch but they have not got back to me yet.
the sensible thing to do is ask for this information from your solicitor. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Skipton Building Society.
My wife and I are refinancing our flat with Skipton Building Society. We have a son approaching twenty who lives with us. The solicitor on the Skipton Building Society conveyancing panel requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the apartment is forfeited by the lender. I have two concerns (1) Is this document specific to the Skipton Building Society conveyancing panel as he did not need to sign this form when we purchased 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Skipton Building Society conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Skipton Building Society .This is solely used to protect the Skipton Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Skipton Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I am looking for conveyancing quotes online. Can I be confident that all the firms that are identified on your site are on the Skipton Building Society conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have assured us via an online form that they are on the Skipton Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Skipton Building Society panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Skipton Building Society conveyancing panel is incorrect.
I was supposed to move into my dream home last Thursday. My lawyer’s firm is on the Skipton Building Society conveyancing panel but has changed address 8 weeks ago and had not advised Skipton Building Society of their new address. Skipton Building Society is now refusing to release my funds as the information from the solicitors isn't correct.
This is as unusual as it is unlucky. Most 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 Skipton Building Society branch or your mortgage broker to see if they can help.
Two weeks ago we had a mortgage agreed in principle with Skipton Building Society. Solicitors have been chosen? How long does it take for Skipton Building Society to send the offer to our conveyancer
Some lenders take longer than others. Have Skipton Building Society completed the survey? Have you advised Skipton Building Society as your lawyers details and checked that your lawyer is on the Skipton Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
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 are dependent on web based calculators (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 can not work out if 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 various 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. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 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.