Frequently asked questions relating to the Yorkshire Bank Solicitor Panel
from members of the public
I need to swap lawyers as my lawyer is not on the Yorkshire Bank panel of conveyancing solicitors. Is it practical to instruct different lawyers?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
I am buying a newly constructed apartment and my lawyer is advising me that she is duty bound to disclose incentives from the developer as her firm is on the Yorkshire Bank conveyancing panel. The Estate Agents are hassling me to exchange and I dont want to delay deal. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Yorkshire Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Yorkshire Bank). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I see that you have a search directory listing firms on the Yorkshire Bank conveyancing panel. Do firms pay you a commission if I retain them for my house purchase?
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.
My uncle passed away six months ago and as sole heir and executor was left the property. The house had a relatively small loan remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Yorkshire Bank , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Yorkshire Bank will insist on your using a conveyancer on the Yorkshire Bank conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Yorkshire Bank conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Yorkshire Bank mortgage is registered as a charge at the Land Registry.
Do conveyancing solicitors on the Yorkshire Bank conveyancing panel work on a no move no charge basis?
On the whole there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
My wife and I have arranged a further advance on our mortgage from Yorkshire Bank as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Yorkshire Bank conveyancing panel to deal with the legals?
Yorkshire Bank would not normally instruct firms on their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Yorkshire Bank list
I was thinking of purchasing my friend’s property. Once we agree a price, what’s the best way to proceed? I plan to obtain a mortgage with Yorkshire Bank. Is it possible to avoid using solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Yorkshire Bank involved you will need to appoint a solicitor on the Yorkshire Bank conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Yorkshire Bank. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Yorkshire Bank conveyancing panel.