Policy Change for Skipton Building Society Solicitor Panel
Change Date: 01/11/2023
Association: UK Finance
Jurisdiction: England and Wales
Index: v.2023 No.1112
Policy changes relevant to
Skipton Building Society
Solicitor Panel
| Updated |
|
01/11/2023 |
| 4.5b- Where should the certificate of title be sent? | Completions Team | Completions Team via LMS Secure Link |
| 5.7.1b- Does the lender lend on freehold flats? |
No. Freehold flats in Scarborough only may be approved
-please contact Completions |
No. Freehold flats in Scarborough only may be approved -please contact Completions Team via LMS Secure Link . |
| 6.1.3- If different from 1.11, contact point if borrower is not taking up the mortgage offer: |
(i) (ii) Commercial Servicing Team |
(i) Mortgage Lending Team via LMS Secure
Link (ii) Commercial Servicing Team |
| 6.7.6- Does the lender need to be sent the professional consultant's certificate? |
Pre-completion, you must provide a copy of the certificate to
the Completions Team before or with the Certificate of
|
Pre-completion, you must provide a copy of the certificate to the Completions Team via LMS Secure Link before or with the Certificate of Title. Post-completion, see 14.2.2. |
| 7.3- Does the lender require a consent to mortgage from all occupants aged 17 or over? | Requirements apply where there is only one
borrower. See the mortgage offer for those requirements (and the documents to be used) on occupiers known to us. You should report the existence of any other intended occupiers aged 17 or over not named in the mortgage offer to our Completions Team so that we may confirm our requirements. |
Requirements apply where there is only one borrower. See the mortgage offer for those requirements (and the documents to be used) on occupiers known to us. You should report the existence of any other intended occupiers aged 17 or over not named in the mortgage offer to our Completions Team via LMS Secure Link so that we may confirm our requirements. |
| 8.1- Does the lender allow me to advise any of the specified third parties? | Yes, providing you are satisfied that you can
give independent advice and the third party has agreed to
retain you. Otherwise please notify: (i) Completions Team (ii) Commercial Servicing Team and advise which firm has been retained by the third party to give the independent advice. |
Yes, providing you are satisfied that you can give
independent advice and the third party has agreed to retain
you. Otherwise please notify: (i) Completions Team via LMS Secure Link (ii) Commercial Servicing Team and advise which firm has been retained by the third party to give the independent advice. |
| 9.1- Does the lender need to be sent the indemnity insurance policy? | No, but please note we require you to report
to the Completions Team if the policy will not cover our
successors in title. For Local Authority search indemnity insurance on purchase applications, we request a copy of the policy for our records. Please note you will be responsible for assessing the suitability of the policy. |
No, but please note we require you to report to the
Completions Team via LMS Secure Link if the policy
will not cover our successors in title. For Local Authority search indemnity insurance on purchase applications, we request a copy of the policy for our records. Please note you will be responsible for assessing the suitability of the policy. |
| 10.9- If different from 1.11, contact point if completion is delayed? | Completions Team | Completions Team via LMS Secure Link |
| 10.10- How long can you hold the mortgage advance before returning it? | The mortgage advance must be returned within 1 working day. Please advise the Completions Team when returning funds in case an imminent Direct Debit collection was triggered by the release of funds to you. | The mortgage advance must be returned within 1 working day. Please advise the Completions Team via LMS Secure Link when returning funds in case an imminent Direct Debit collection was triggered by the release of funds to you. |
| 12.3.1- If different from 1.11, contact point for release of retentions/mortgage advance instalments: | Completions Team | Completions Team via LMS Secure Link |
You provide the coffee
and we’ll slice the PI
We have never met a lawyer who thinks PI insurance is cheap. But Lexsure can help you slice a big chunk off your premiums with our simple and industry-approved approach to managing risk.
Easy as PI.