FAQs for the Yorkshire Bank Solicitor Panel
from members of the public
My financial adviser has informed me that I have to pay Yorkshire Bank fees should I instruct my family lawyer. How good are the Yorkshire Bank conveyancing panel solicitors? I dont care which law firm I use as long as they're good and not exorbitantly priced. Would you recommend a specific law firm on the Yorkshire Bank panel?
Yorkshire Bank’s conveyancing panel is pretty large so your best bet is just to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Yorkshire Bank will allow to act for them.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Yorkshire Bank will not agree to this. Why was Yorkshire Bank even consulted?
Your lawyer being on the Yorkshire Bank conveyancing panel is duty bound to inform Yorkshire Bank of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Yorkshire Bank then they would have to discontinue acting for you and Yorkshire Bank.
Do all the firms listed on your search have online case tracking as I was under the impression that this was a precondition of being on the Yorkshire Bank conveyancing panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
I would like to get my ex-husband removed the mortgage deeds. Can Yorkshire Bank really insist on 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
I had instructed online conveyancers based in Manchester who are on the Yorkshire Bank solicitor panel. They are now charging me a separate fee of £150 for the legal aspects of the Yorkshire Bank mortgage. Is this an additional conveyancing fee set by Yorkshire Bank?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Yorkshire Bank but by your lawyers. Some firms on the Yorkshire Bank will charge an ‘acting for lender’ fee and others do not.
Do most lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Yorkshire Bank conveyancing panel requirements are different to Yorkshire Bank’s conveyancing panel requirements.
I was told two weeks ago that my mortgage has been agreed
to by Yorkshire Bank. Is it usual for Yorkshire Bank to only issue the offer once my
solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Yorkshire Bank to deal with your lawyers application to be on the Yorkshire Bank conveyancing panel. There's no guarantee that your solicitors will be accepted.