Yorkshire Building Society Solicitor Panel Recently Asked Questions
from members of the public
I appointed a law firm to conduct the legal paperwork on my purchase six weeks ago having applied for a mortgage with Yorkshire Building Society. The law firm assured me that they are on Yorkshire Building Society conveyancing panel and provided me their panel reference. Yorkshire Building Society then called me to say that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor currently on the conveyancing panel for Yorkshire Building Society?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Yorkshire Building Society conveyancing panel You may wish to enlist the help of your broker to check with the Yorkshire Building Society as to how long they think it will take to get the firm to get back on the panel.
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 Building Society will not agree to this. Why was Yorkshire Building Society even consulted?
Your lawyer being on the Yorkshire Building Society conveyancing panel is duty bound to inform Yorkshire Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Yorkshire Building Society then they would have to discontinue acting for you and Yorkshire Building Society.
I am buying a property and need a conveyancing solicitor in who is on the Yorkshire Building Society solicitor. Could you point me in the right direction as regards a solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire Building Society . We don’t recommend any particular firm.
I am selling my house. Does my solicitor have to be on the Yorkshire Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Yorkshire Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
We have agreed a price on a apartment I spoke to a conveyancer recommended by my mum and he recommended retaining a solicitor 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 firm 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.
Ask Yorkshire Building Society to suggest a law firm in your location. Lenders have them all over the country. 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.
My fiance and I are in the process of viewing apartments and am about to put in an offer. Should I already have a conveyancer appointed at this stage? I intend to finance via a home loan 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.
It is not clear whether my mortgage offer requires a lease extension . I have telephoned Yorkshire Building Society on numerous occasions and told it wasn't a problem 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
Your lawyer has to follow the CML Handbook Part 2 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.