Clydesdale Bank Conveyancing Panel Information

We only know of a couple of lenders that operate a distinct approved solicitors panel where the mortgage advance is over a certain threshold. You should nevertheless check directly with Clydesdale Bank. At one stage HSBC would only allow Sole practitioners to act for them where the mortgage was below £150,000. We are not sure if HSBC still operate such a condition. In your case it is best to check with Clydesdale Bank

During 2013, 92 sections of the UK Finance Lenders’ Handbook P2 were changed by Clydesdale Bank. Some changes are more important than others but as a firm on the Clydesdale Bank conveyancing panel you are of course obliged to comply with individual lender requirements, as set out in Part II of the UK Finance Lenders’ Handbook. Locktons have recently pointed out in an article that non-compliance with Part 2 requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.

Remember: CML requirements are not guidelines; they are the lender client’s instructions.

Clydesdale Bank approved solicitors have to comply with the UK Finance Lenders’ Handbook instructions relating to Transfer of Equity. These are set out in Section 16.3. First, your firm must approve the form of Transfer of Equity (which should be in the Land Registry's standard form) and, if Clydesdale Bank require, the deed of covenant on their behalf. You will need to check Clydesdale Bank CML Part 2 conditions to see if Clydesdale Bank have standard forms of transfer and deed of covenant. Please note that this requirement can change from one transaction to another so do check! Second,When drafting or approving a transfer, you should bear in mind that: although the transfer should state that it is subject to the mortgage (identified by date and parties), it need give no details of the terms of the mortgage; the transfer need not state the amount of the mortgage debt. If it does, the figure should include both principal and interest at the date of completion, which you must check ; there should be no statement that all interest has been paid to date. Further obligations are set out in the UK Finance Lenders’ Handbook which have to be followed by all firms on the Clydesdale Bank conveyancing panel

15 potential conveyancing clients attempt to locate a conveyancer on the Clydesdale Bank panel every 4 weeks in Hendon. Please contact the team at lenderpanel.com to see how your firm can be found by those searching for conveyancing in Hendon.

We would recommend that you provide details of the date of removal, information on the reason for removal, date of appeal and any reason given for reinstatement. This should not negatively affect your application but gives the Law Society a complete picture of what has gone on.

You need to contact Clydesdale Bank to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an individual section for lenders to set out who to contact to obtain standard documents. Clydesdale Bank in their Part 2’s state: It is likely that you will need to disclose your Clydesdale Bank conveyancing panel reference.