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. It is a unique risk mitigation tool.

This software optimises the way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Yorkshire Bank’s changes. Even though utilising this technology is not a prerequisite for Yorkshire Bank , demonstrating you can remain up to date with Yorkshire Bank’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, safeguard your firm’s panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Yorkshire Bank

Banks and building societies frequently change 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, frequently:

A Timeline of Policy Changes


Since 2008, Yorkshire Bank has made 299 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 9.1 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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Recent Changes Include

# Date Assoc. Changes Related To
10.9 11/03/2016 CML
Mortgage Advance and Certificate of Title
Do Yorkshire Bank Home Loans Ltd have a specific contact point if completion is delayed for their approved lawyer?
16.1.1 11/03/2016 CML
Title Documents
Yorkshire Bank Home Loans Ltd details for requesting Title Documentation
5.10.1 11/03/2016 CML
Properties owned for less than 6 months
Contact details at Yorkshire Bank Home Loans Ltd for conveyancing panel lawyers where the seller has owned the property for less than 6 months:.
6.11.1 11/03/2016 CML
Conveyancing Searches: Redevelopments and Road Proposals
Contact details at Yorkshire Bank Home Loans Ltd for conveyancing panel lawyers to used where Yorkshire Bank Home Loans Ltd needs to be notified where property is affected by redevelopment or road proposals.
Obstruction of Access Indemnity Insurance
6.3.1 11/03/2016 CML
Purchase Price
Contact details at Yorkshire Bank Home Loans Ltd for conveyancing panel lawyers to used where there are any issues relating to purchase price.
6.8.1 11/03/2016 CML
Roads and Sewers
Contact details at Yorkshire Bank Home Loans Ltd for conveyancing panel lawyers if no agreement and bond for an unadopted road or sewer
Adoption of Road or Sewer Indemnity Insurance
6.9.1 11/03/2016 CML
Easements
Contact details at Yorkshire Bank Home Loans Ltd for conveyancing panel lawyers if necessary easements are absent
Unknown Rights and Easements Indemnity Insurance
14.1.5 10/12/2014 CML
Post Completion Conveyancing
Does the Yorkshire Bank Home Loans Ltd need to be sent the original mortgage deed and/or any other original title documents by their conveyancing panel ?
5.15.2b 01/12/2014 CML
Leasehold Conveyancing : Management Company
Yorkshire Bank Home Loans Ltd panel lawyers leasehold conveyancing requirements : requirement as to whether a copy of the management company share certificate needs to be sent to them
6.14.1a 01/12/2014 CML
contact point if property is not insured in accordance with lender requirement

Last update 11/09/2019

Yorkshire Bank Conveyancing Panel Example Support Desk Enquires from members of the public

I was advised recently by my broker that my the law firm I have appointed is not on the Yorkshire Bank Conveyancing panel. What can I do to check?
The first thing you need to do is to contact your conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the the approved Yorkshire Bank solicitor panel.
We are only a couple days away from an exchange and my mum and dad 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 disclose this to my lender Yorkshire Bank. I am advised that, being on the Yorkshire Bank conveyancing panel and acting on their behalf he must inform Yorkshire Bank if the balance of the mortgage advance is coming from anyone other than me. I advised the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for him to raise this?
Your lawyer is obliged to check with Yorkshire Bank 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 Yorkshire Bank if you agree, failing which, your lawyer must cease to continue acting.
I require the services of a Yorkshire Bank panel solicitor in Belfast. Can you assist?
Unfortunately it’s not apparent why you need a Yorkshire Bank panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Yorkshire Bank to find out which solicitors in Yorkshire Bank are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am selling my house. Does my solicitor have to be on the Yorkshire Bank conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Yorkshire Bank conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Is it the case that all conveyancing solicitors on the Yorkshire Bank conveyancing panel regulated by the SRA?
As a firm of solicitors, in order to be on the Yorkshire Bank conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Can I be sure that the solicitor on the Yorkshire Bank panel is any good?
seeking recommendations is a good start. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor conducting your conveyancing
Yorkshire Bank have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Yorkshire Bank or your broker and complete any relevant paperwork. Yorkshire Bank will tell you what documents they want. Yorkshire Bank will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Yorkshire Bank will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.