Yorkshire Bank Solicitor Panel Recently Asked Questions from members of the public
A lawyer my husband and I wanted to use for conveyancing on a purchase said he would charge more if my mortgage is with Yorkshire Bank because of their difficult processes! Am I likely to be frustrated using Yorkshire Bank? Is Yorkshire Bank conveyancing so much more difficult?
Yorkshire Bank conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Yorkshire Bank conveyancing panel. If they are not, this does add further risk of delay as Yorkshire Bank will appoint their own solicitors to look after their interest.
My grandson is about to exchange on a house that has just been built with a home loan from Yorkshire Bank. His solicitor has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Yorkshire Bank conveyancing panel as a standard part of the process, and to the surveyor when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Yorkshire Bank conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Is it necessary during the course of the conveyancing process to visit the offices of the Yorkshire Bank conveyancing panel solicitor to sign the legal charge? If so, I will choose one who does conveyancing in London
so that I can attend their offices if necessary.
As opposed to 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in London
.
I am attempting to get my former partner removed the mortgage deeds. Can Yorkshire Bank really tell me which solicitor I can or can not use?
You can use any solicitor you like but Yorkshire Bank 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 Yorkshire Bank solicitors panel
Can you point me to a directory of Yorkshire Bank panel conveyancers on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
We have a mortgage agreed in principle with Yorkshire Bank. Solicitors have been instructed? What is the average time that one could expect to receive a mortgage offer from Yorkshire Bank?
There is no definitive answer here. Have Yorkshire Bank completed the survey? Have you advised Yorkshire Bank as your lawyers details and checked that your lawyer is on the Yorkshire Bank conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
I'm in the throws of viewing houses and now considering a potential offer. Should I already have a conveyancer appointed at this stage? I I am planning to take a home loan with Yorkshire Bank
It would be sensible to have your start your search soon rather than later. Once you decide who you want to use 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 , ask your prospective lawyers check they are on the Yorkshire Bank conveyancing panel otherwise they can't do the mortgage legal work.