Common questions asked concerning the Yorkshire Building Society Solicitor Panel
from members of the public
My financial adviser has has requested my solicitor’s panel reference for the Yorkshire Building Society conveyancing panel. How do I obtain this. I have e-mailed my local Yorkshire Building Society branch but they cant find it on their system.
You are best placed to get this information from your conveyancing lawyer. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Yorkshire Building Society.
Our son-in-law is buying a newly built flat with a home loan from Yorkshire Building Society. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Yorkshire Building Society conveyancing panel as a standard part of the process, and to the surveyor when requested.
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 Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What tools are available to search for a local solicitor on the Yorkshire Building Society conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the conveyancer.
You can use the find a conveyancing panel search on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Yorkshire Building Society solicitor panel.
I am purchasing a terraced house and getting a mortgage with Yorkshire Building Society. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Yorkshire Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Yorkshire Building Society conveyancing panel in your location.
When it comes to mortgage companies such as Yorkshire Building Society do solicitors have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
It is not clear whether my mortgage offer requires a lease extension . I have telephoned Yorkshire Building Society on numerous occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Yorkshire Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the Yorkshire Building Society panel she or he must comply with the CML Handbook requirements for Yorkshire Building Society. Unless your lawyer obtains specific confirmation in writing that Yorkshire Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Yorkshire Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
My brother and I are buying a terraced house in Hendon. Conveyancing solicitors in Hendon are about to begiven the go-ahead. My mothersuggested that we check that the property lawyer in Hendon is on the Yorkshire Building Society approved list of lawyers. Surely I don't need to do this, do I?
Not all Hendon conveyancing solicitors are on the Yorkshire Building Society conveyancing panel. 5 people a month use our search tool to locate a
Hendon conveyancing solicitor on the on the Yorkshire Building Society approved list of lawyers.