Yorkshire Building Society Solicitor Panel Example Support Desk Enquires
from members of the public
My IFA has has requested my solicitor’s panel member for the Yorkshire Building Society conveyancing panel. What is the best way to find this out. I have called my local Yorkshire Building Society branch but they don't know it.
the sensible thing to do is ask for this information from your solicitor. They should have a central record lender panel numbers including the Yorkshire Building Society panel reference.
I do hope you can help me. My lawyer is assuring me that he has to conduct a Local Authority search as the firm are on the Yorkshire Building Society conveyancing panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with Yorkshire Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Yorkshire Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Yorkshire Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Your search tool is useful but there are many lawyers listed near Newcastle on the Yorkshire Building Society conveyancing panel. Can you recommend a specific firm on the Yorkshire Building Society approved panel?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
Can you clarify what the consequences are if my solicitor is removed from the Yorkshire Building Society Conveyancing panel before the moving date as agreed at exchange of contracts?
The first thing to point out is that, 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.
Are all Conveyancing Quality Solicitors on the Yorkshire Building Society conveyancing panel?
A selection of banks and building societies now use CQS as the starting point for Panel membership such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
Is there a list of Yorkshire Building Society panel conveyancers on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
Two weeks ago we had a mortgage agreed in principle with Yorkshire Building Society. Solicitors have been chosen? What is the average time that one could expect to receive a mortgage offer from Yorkshire Building Society?
Some lenders take longer than others. Have Yorkshire Building Society conducted the survey? Have you advised Yorkshire Building Society as your lawyers details and checked that your lawyer is on the Yorkshire Building Society conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued