FAQs for the Yorkshire Building Society Conveyancing Panel
from members of the public
My financial adviser has says he needs my solicitor’s panel reference for the Yorkshire Building Society conveyancing panel. How do I discover this. I have contacted my local Yorkshire Building Society branch but they have not got back to me yet.
Have you tried speaking to your lawyer about this?. They should have a central record lender panel numbers including the Yorkshire Building Society panel reference.
My lawyer has spotted a discrepancy when comparing the information in Yorkshire Building Society’s home valuation survey and what is in the legal papers for the property. My solicitor says that as he is on the Yorkshire Building Society conveyancing panel he is duty bound to check that the lender is with this discrepancy and is content go ahead. Is my solicitor’s stance right?
A precondition to being on the Yorkshire Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Yorkshire Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Whilst your website is a good idea 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 do not recommend specific firms 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. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
My solicitors in Newcastle have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Yorkshire Building Society. Is it case that being on the Yorkshire Building Society conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Yorkshire Building Society Conveyancing Panel Terms. It might be worth you contacting Yorkshire Building Society directly.
Do the majority of banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Yorkshire Building Society conveyancing panel requirements are different to Yorkshire Building Society’s conveyancing panel requirements.
The for formalities of my remortgage has taken place with a loan from Yorkshire Building Society. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about Yorkshire Building Society. How do I make a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the Yorkshire Building Society branches or the Customer Care Team at Yorkshire Building Society head office. We understand that complaints to Yorkshire Building Society are resolved effectively and efficiently. However if you are not satisfied that the matter is resolved you can write to the
Financial Ombudsman Service
who will take matters further.
Planning on purchasing a house with a mortgage with Yorkshire Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Yorkshire Building Society conveyancing panel