Yorkshire Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This software optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Yorkshire Building Society’s changes. While using this technology is not a prerequisite for Yorkshire Building Society , demonstrating you can stay up to date with Yorkshire Building Society’s Handbook requirements is a helpful support to your panel application and, just as importantly, protect your panel status.

The software generates real-time alerts, automatically produces COLP and CQS reports, and will enhance your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Yorkshire Building Society

Mortgage companies often change their requirements. The UK Finance Lenders’ Handbook requirements from Yorkshire Building Society are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes


Since 2008, Yorkshire Building Society has made 255 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 10.7 days. In total, 42% of the sections of P2 of the UK Finance Lenders’ Handbook for Yorkshire Building Society have been changed since 15/12/2008.

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Recent Changes Include

# Date Assoc. Changes Related To
5.14.1 02/05/2017 CML
6.7.1 02/05/2017 CML
16.1.1 01/12/2014 CML
17.2.1a 01/12/2014 CML
6.14.3 01/12/2014 CML
6.14.4 01/12/2014 CML
5.2.1 01/12/2014 CML
6.14.1 01/12/2014 CML
5.4.5 16/08/2013 CML Local Search Indemnity Insurance
14.1.5 03/05/2013 CML

Last update 17/05/2019

Yorkshire Building Society Conveyancing Panel Recently Asked Questions from members of the public

Can you please explain the reason why all solicitors are not on the Yorkshire Building Society Solicitor panel?
Pre- 2008 most lenders had an appetite for risk which was higher than today. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors that you are dealing with. Consequently, lenders have regularly sought more information from law firms about their operations and the individuals who work for them and set certain criteria such a completing on a minimum number of transactions. Many firms that have been excluded from lender panels have 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of volume of transactions the lenders required.
I am due to move into my new home next Tuesday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as as he informs me that he is duty bound to validate that it is in order for Yorkshire Building Society. What does the insurance need to cover?
Any lawyer on the Yorkshire Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Yorkshire Building Society’s Part 2 requirements of the CML Handbook (last updated on Yorkshire Building Society). Being on the Yorkshire Building Society conveyancing panel your lawyer is expect to follow these requirements.
How up to date is your database of lawyers on the Yorkshire Building Society conveyancing panel? Do Yorkshire Building Society send you an updated list?
The firms themselves provide us confirmation that they are on the Yorkshire Building Society conveyancing panel as opposed to being supplied with a list from Yorkshire Building Society directly.
What happens if my lawyer’s firm is removed from the Yorkshire Building Society Conveyancing panel prior to the moving date as agreed at exchange of contracts?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
My wife and I have arranged a further advance on our mortgage from Yorkshire Building Society as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Yorkshire Building Society conveyancing panel to deal with the legals?
Yorkshire Building Society do not ordinarily appoint a member of 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 Building Society panel
We have agreed a price on a apartment I spoke to a lawyer recommended by my uncle and he suggested instructing a law firm approved by Yorkshire Building Society. The estate agent recommended two local firms so I asked Yorkshire Building Society if the 2 suggested solicitors are approved, which they are not. Yorkshire Building Society suggested that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Yorkshire Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Yorkshire Building Society for conveyancing panel firms in your area. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Yorkshire Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Yorkshire Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Yorkshire Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
Me and my partner are acquiring a garden flat in Hendon. Conveyancing solicitors in Hendon will soon beinstructed. My brokersuggested that we enquire that the property lawyer in Hendon is on the Yorkshire Building Society solicitors panel. Is this really necessary?
Not all Hendon conveyancing firms 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.