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approved by Yorkshire BS
Ready to buy a new home? Failing to check that a lawyer is on the Yorkshire BS list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Yorkshire Building Society Conveyancing Panel? How can my firm be reinstated onto the Yorkshire Building Society Conveyancing Panel?Find an Approved Solicitor on the Yorkshire Building Society Conveyancing Panel
Common questions asked concerning the Yorkshire Building Society Conveyancing Panel
My partner and I are first time buyers. Within the 48 hours our property lawyer has forwarded the sale agreement to sign with a detailed report with a view to exchanging next week. Yorkshire Building Society have this evening contacted us to advise us that there is now an issue as our conveyancer is not on their approved list of lawyers. Is this a problem?
When purchasing a property with the benefit of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.
In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitors should contact Yorkshire Building Society and see if they can apply for membership of the Yorkshire Building Society conveyancing panel, but if that is not viable Yorkshire Building Society will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the Yorkshire Building Society conveyancing panel and you may continue to use your own solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.
Our conveyancer has discovered a legal deficiency with the lease for the flat we are purchasing. The seller’s lawyers have suggested defective title insurance as a solution. We are happy with insurance and will pay for it. Our solicitor has advised that as he is on the Yorkshire Building Society conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is Yorkshire Building Society?
Just because you have a mortgage offer from Yorkshire Building Society does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Yorkshire Building Society are the client. The appropriate lender requirements must be adhered to by the Yorkshire Building Society conveyancing panel who has to balance acting for you and Yorkshire Building Society
I need to find a Yorkshire Building Society panel solicitor in Stirling. Could you help me?
It is not clear why you need a Yorkshire Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Yorkshire Building Society to find out which solicitors in Yorkshire Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
The lawyers that just started acting on my purchase in Brighton has without warning shut down. I chose them because I needed a lawyer on the Yorkshire Building Society conveyancing panel and my previous lawyer was not. I paid them £200 on account. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors 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 should be in a position to assist
I'm at the point of looking at apartments and am about to put in an offer. Is it premature to have a solicitor in place? I will be getting a mortgage with Yorkshire Building Society
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer 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.
Intending to buy 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
Next month my fiance and I are remortgaging a penthouse in Hendon. Conveyancing solicitors in Hendon will soon beinstructed. My colleaguesuggested that we enquire that the property lawyer in Hendon is on the Yorkshire Building Society list of approved conveyancing firms. Is this really necessary?
It is not that case that all Hendon conveyancing practices are on the Yorkshire Building Society conveyancing panel. 8 people a month use our search tool to locate a Hendon conveyancing firm on the on the Yorkshire Building Society approved list of lawyers.