Clydesdale Bank Conveyancing Panel Information

You might expect Clydesdale Bank via their Part Two obligations to address this but the Handbook makes no mention on deadlines to send deeds. Do look at the Terms of Clydesdale Bank’s Conveyancing Panel Appointment that you previously signed. For many lender's these Terms have a provision along the following lines: ‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is imperative to keep Clydesdale Bank updated. Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.

The majority of lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with Clydesdale Bank as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Clydesdale Bank we suggest that you call Clydesdale Bank to check the position.

The key here is the caveat ‘more onerous’. You have to try and take an objective view as to whether the Terms relating to the Clydesdale Bank conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the UK Finance Lenders’ Handbook Conditions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before moving forward on this question.

When a solicitor is acting for both Clydesdale Bank and borrower there is potential for conflicts to arise. You owe duties to both clients. All information received by you from your client is confidential and cannot be disclosed without the client’s consent. In the situation you find yourself in if the purchaser will not consent to the information being passed on to the lender the solicitor must cease to act for the Clydesdale Bank and it may well be prudent you to cease to act for the purchaser as well. You can not tell the Clydesdale Bank the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your Clydesdale Bank conveyancing panel status.

It would be advisable to 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 CQS team viability as to what has gone on.

You should contact Clydesdale Bank to obtain standard documents. The CML Handbook contains a specific question for banks to reveal who to contact to obtain standard documents. Clydesdale Bank in their Part 2’s state: Please remember to quote your Clydesdale Bank conveyancing panel number.