Clydesdale Bank Conveyancing Panel Information

The Council of Mortgage Lenders is an association rather than a regulator and therefore do not advise on grievances against lenders. You can of course contact Lexsure to see if we can assist.

In operating open conveyancing panels, lenders such as Clydesdale Bank face a number of fraud and negligence risks. While there is no authoritative source of data on lender exposure to solicitor–led mortgage fraud, anecdotal evidence from lenders indicates exposure on individual cases are often in the millions of pounds. The National Fraud Authority estimates that £1bn per year is lost in mortgage -related frauds in total, which is seen as a conservative estimate.

These risks are exacerbated by the lack of a comprehensive set of data on all conveyancing firms (which, for the avoidance of doubt, would include solicitors and conveyancers across the UK) which is in a readily accessible format. Currently, lenders vet the suitability of their panel firms against a variety of disparate, incomplete and potentially inaccurate sets of information. One top 5 lender pointed out to us that it is almost impossible to track individual fraudsters who move from firm to firm, especially where they are no longer registered or no longer hold a valid practicing certificate.

Clydesdale Bank and other lenders are in varying stages of reviewing their approach to vetting firms on their conveyancing panels, to ensure their ongoing exposure to unsuitable firms is reduced. There is also regulatory impetus on lenders to ensure that they have satisfactory oversight of their third party panels, including a due-diligence process.

You might expect Clydesdale Bank via their Part Two requirements 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 entered into. For a number of banks these Terms have a clause such as: ‘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.

7 potential conveyancing clients search for 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.

You should 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 viability as to what has happened.

You should contact Clydesdale Bank to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an express inquiry for lenders to cite who to contact to obtain standard documents. Clydesdale Bank in their Part 2’s state: Always remember to quote your Clydesdale Bank conveyancing panel number.