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Clydesdale Bank Conveyancing Panel: Recently Asked Questions
Will the fact that my practice subscribes to Alerts via this site help in my application to join the Clydesdale Bank solicitor panel?
The criteria to join the Clydesdale Bank conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
I am hearing that agents are using online checkers to see if a firm is on a lender panel. Why?
The fact of the matter is that estate agents will be feeling the pain if their clients start out on the conveyancing process using a solicitor who is not on the panel with the purchaser’s chosen lender. Many
conveyancing firms are only discovering when they begin working on a
case that they are no longer able to work with that lender. Given
the inevitable resultant delays in the transaction the chances of an
abortive deal increases dramatically. in the circumstances there is
understandable anguish on the part of the estate agent as a result of
the lost time should the client have to change lawyers.
Being on the Clydesdale Bank conveyancing panel how long am I obliged to archive the complete conveyancing file?
The Council of Mortgage Lender requirements of
Clydesdale Bank are silent on this. Most lenders deal with the issue of file retention via their Terms and Conditions where they generally provide that for evidential purposes, the firm must keep the file for a minimum six years from the date of the mortgage. Data imagining is normally
suitable compliance with this requirement. Many lenders point out in
that it is the practice of some fraudsters to demand the conveyancing
file on completion in order to destroy evidence that may later be
used against them. It is therefore important to retain these
documents to protect Clydesdale Bank’s interest. To be
absolutely sure of Clydesdale Bank requirements in this regard
please check the Terms and Conditions of Clydesdale Bank’s
conveyancing panel acceptance.
When in comes to leasehold due diligence do
Clydesdale Bank panel solicitors have to consider if there is an insolvent landlord?
Given that your firm in is on the
Clydesdale Bank conveyancing panel and you are representing them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If
Clydesdale Bank are to lend, they may require indemnity insurance. In any event,you will need to check
Clydesdale Bank’s specific requirements. Notwithstanding whether
Clydesdale Bank will lend in such circumstances you still need to advise the borrower (unless you are acting for
Clydesdale Bank alone) as to the risks of buying a property with an insolvent or absentee freeholder.
I read the occasional LENDERmonitor alert but I seldom see significant changes. For instance, Fortunately my practice on the
Clydesdale Bank conveyancing panel and get an alerts only advising of a change of address. Isn't that just noise?
Yes it does matter because sending a communication or deeds to the wrong address can cause delays that might not only affect your borrower client but also impact your chances of staying on the
Clydesdale Bank conveyancing panel. Is possible next month that Clydesdale Bank change their requirements as to where the post completion documents should be sent.
Do you update the details in your case management system? Do you make a note? Is this communicated to the staff? By virtue of your COT Clydesdale Bank you are giving assurances that you will send the deeds within 10 days of receiving the TID. Putting to one side the academic question as to whether you are technically breaching an undertaking in sending it to the wrong address, you run the risk of
Clydesdale Bank suspending you off the panel because they are not receiving the deeds in accordance with the COT. It will not be a valid excuse to say that you sent it to an out of date postal address or DX details.
Our membership of the
Clydesdale Bank conveyancing panel was terminated but was reinstated on appeal, do I need to include these details on my application for CQS accreditation?
We would recommend that you supply details of the date of removal, information on the reason for
removal, date of appeal and any reason given for reinstatement. This
should not adversely impact your application but gives the Law Society a complete picture of what has happened.
I am on the
Clydesdale Bank
conveyancing panel and all set to complete a purchase within the next few weeks. My file does not contain a Legal Charge for the client to execute.
Who do I contact at Clydesdale Bank to obtain duplicate documents?
You need to communicate with Clydesdale Bank
to obtain standard documents. The CML Handbook incorporates a specific question for lenders to enumerate who to contact to obtain standard documents.
Clydesdale Bank in their Part 2’s state:
Please remember to quote your Clydesdale Bank conveyancing panel reference.
Find a Lawyer on the Clydesdale Bank Conveyancing Panel
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Average number of days to register title including a charge in favour of Clydesdale Bank
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | 48.3 |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Clydesdale Bank Firms
- Draft Report on Title precedent for Clydesdale Bank borrowers
- Draft Anti Money Laundering PolicyTemplate for Clydesdale Bank panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Clydesdale Bank lender panel
- Buy-to-Let help for Clydesdale Bank
- Consent-to-Let help for Clydesdale Bank
- Contractor Mortgages with Clydesdale Bank
