Clydesdale Bank Conveyancing Panel Information

Lexsure has not been advised of any intention on the part of the CML to develop such a search facility.

In order to be on the Clydesdale Bank conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily Clydesdale Bank) are as follows:

• If you are a sole practitioner, to arrange for appropriate locum cover from our panel where necessary. Your locum must be a member of the Conveyancing panel.
• Without prejudice to your obligation to comply in full with the Safeguards provisions in the CML Lenders’ Handbook, to report to us as soon as possible any suspicion that you have about the genuineness of any transaction in any respect.
• To quote on all communications with us relating to deeds/registration issues, whether by telephone or in writing, the panel number that we provide for each practising address and the mortgage account or application number for the mortgage concerned.
• To carry out our instructions with reasonable care and skill, ensuring that all employees carrying out mortgage work on our behalf are qualified and competent to do so
• To be responsible for the reconstitution of the title deeds (whether the title is registered or unregistered, at your own cost), where any deeds in your possession, or were last known to be in your possession, go missing.

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 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 landlord.

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 firm’s application but gives the Law Society a complete picture of what has occured.

You should communicate with Clydesdale Bank to obtain standard documents. The CML Handbook contains an individual section for banks to enumerate who to contact to obtain standard documents. Clydesdale Bank in their Part 2’s state: Always remember to disclose your Clydesdale Bank conveyancing panel number.