Yorkshire Bank Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk management tool.

This software assists the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Yorkshire Bank’s changes. While using this technology is not a condition for acceptance on the Yorkshire Bank panel, demonstrating you can remain up to date with Yorkshire Bank’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, protect your panel standing.

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

Find a Law Firm approved by Yorkshire Bank

Lenders frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Yorkshire Bank 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, Yorkshire Bank has made 305 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 9.0 days. In total, 50% of the sections of P2 of the UK Finance Lenders’ Handbook for Yorkshire Bank have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Q and A’s regarding the Yorkshire Bank Solicitor Panel from members of the public

My husband and I are purchasing a 2 bedroom flat in Leeds with a mortgage from Yorkshire Bank. We like our lawyer but Yorkshire Bank says he's not on their "panel". It seems we have little choice but to instruct one of the Yorkshire Bank 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 Yorkshire Bank 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 lawyer to apply to be on the conveyancing panel for Yorkshire Bank
Expecting to complete my purchase next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Yorkshire Bank. What risks do Yorkshire Bank expect the insurance to cover?
Any lawyer on the Yorkshire Bank conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Yorkshire Bank’s Part 2 requirements of the CML Handbook (last updated on Yorkshire Bank). Being on the Yorkshire Bank conveyancing panel your lawyer is expect to follow these instructions.
I note that you have a search directory listing solicitors on the Yorkshire Bank conveyancing panel. Do firms pay you a referral fee if I retain them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Yorkshire Bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
We're in Birmingham, FTBs buying with a mortgage (lender is Yorkshire Bank , but our lawyer is on the Yorkshire Bank conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Yorkshire Bank 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
I'm in the throws of viewing flats and now considering a potential offer. Is it premature to have a solicitor in place? I will be getting a home loan with Yorkshire Bank
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Yorkshire Bank , make sure you remember to check that your lawyer is on the Yorkshire Bank conveyancing panel.
I am currently in the process of buying my council flat. I have a mortgage agreed with Yorkshire Bank. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Yorkshire Bank you will need to appoint a solicitor on the Yorkshire Bank conveyancing panel.
My offer on house has been accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with Yorkshire Bank?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Yorkshire Bank conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Yorkshire Bank and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.