FAQs : The Yorkshire Building Society Solicitor Panel from members of the public
My financial adviser has informed me that I have to pay Yorkshire Building Society fees should I instruct my family lawyer. How efficient are the Yorkshire Building Society 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 Building Society panel?
Yorkshire Building Society’s conveyancing panel is substantial 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 Building Society will allow to act for them.
Expecting to complete my purchase next Monday. 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 instructions.
Do all the firms listed on your directory have online case tracking as I understood that this was a condition of being on the Yorkshire Building Society solicitor panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
The solicitors that I recently instructed on my house acquisition in Brighton has without warning shut down. I only went with them because I had to have a firm on the Yorkshire Building Society conveyancing panel and my preferred lawyer was not. I paid them £200 on account. What are my options?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Yorkshire Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help
I previously instructed online conveyancers based in Bristol who are on the Yorkshire Building Society solicitor panel. They have just invoiced me a separate fee of £135 for dealing with the Yorkshire Building Society mortgage. Is this an additional conveyancing fee specified by Yorkshire Building Society?
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 Building Society but by your lawyers. Some firms on the Yorkshire Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
My husband and I are spending time viewing houses and now considering a potential offer. Is it premature to have a solicitor in place? I I am planning to take a mortgage with Yorkshire Building Society
You should start obtaining conveyancing quotes from solicitors ASAP. 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 Building Society , make sure you remember to check that your lawyer is on the Yorkshire Building Society conveyancing panel.
I am selling my flat. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Yorkshire Building Society are being difficult. The solicitor who is on the Yorkshire Building Society conveyancing panel is saying indemnity insurance will be fine but Yorkshire Building Society are requiring a building regulation certificate. Why do Yorkshire Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Yorkshire Building Society have referred the matter to their valuer. The reason why Yorkshire Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.