Clydesdale Bank Conveyancing Panel Information

We only know of two or three lenders that operate a distinct approved solicitors panel where the mortgage advance is over a certain level. 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

For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the Clydesdale Bank conveyancing panel to see if you are entitled to a reason.

Assuming that your firm in is on the Clydesdale Bank conveyancing panel and you are acting for 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.

With mortgage companies and conveyancing firms working so closely with one another it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the Clydesdale Bank conveyancing panel but for all mortgage panel listings

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 adversely impact your application but gives the CQS team a complete picture of what has happened.

You need to contact Clydesdale Bank to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an explicit section for banks 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 quote the firm’s Clydesdale Bank solicitors panel number.