Frequently asked questions relating to the Skipton Building Society Solicitor Panel from members of the public
My financial adviser has informed me that I have to pay Skipton Building Society fees should I instruct my family lawyer. How good are the Skipton Building Society conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH provided that they are good and not exorbitantly priced. Would you recommend a specific law firm on the Skipton Building Society panel?
Skipton Building Society’s conveyancing panel is pretty large so your best bet is just to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that Skipton Building Society will allow to act for them.
We are getting closer to 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 make a notification to my lender Skipton Building Society. I am advised that, 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 home loan so is it really necessary for him to raise this?
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.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Skipton Building Society conveyancing panel. My lawyer has said that they are on the Skipton Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Skipton Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Skipton Building Society solicitor panel.
I am trying to get my former partner removed the mortgage deeds. Can Skipton Building Society really insist on which solicitor I can or can not use?
You can use any solicitor you like but Skipton Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Skipton Building Society solicitors panel
My existing mortgage is with Skipton Building Society. My father 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 will it roughly 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.
Although you do need to retain the services of a lawyer they dont
need to be on the Skipton Building Society 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 called into my local branch 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. I simply dont know who is right
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.
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?
In terms of 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.
