Skipton Building Society Conveyancing Panel Information

The CML is not a regulator and therefore will not advise on grievances against lenders. You can of course contact Lexsure to see if we can help.

As is the case with the Law Society the Council of Licensed Conveyancers has begun discussions with banks and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than via ad hoc arrangements that can differ from lender to lender. We expect that that the CLC have been in touch with lenders such as Skipton Building Society as well as the CML.

In the same way that there is a unique Skipton Building Society conveyancing panel most building societies, operate a conveyancing panel for solicitors and other conveyancers that the lender will instruct. Terms and Conditions and criteria for inclusion on a building society conveyancing panel vary from lender-to-lender. Having CQS accreditation may be a requirement. Institutional lenders, such as a building society, is a client and is entitled to instruct the solicitor or conveyancer of its choosing (who, in turn, is free to accept or refuse instructions). Therefore, if lender and borrower cannot agree which solicitor or conveyancer should represent them jointly, they would usually proceed on a separate representation basis. The BSA have not published the equivalent of the UK Finance Lenders’ Handbook Part 3s.

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 Skipton Building Society conveyancing panel to see if you are entitled to a reason.

CQS membership gives no guarantee to lender panel acceptance. Nevertheless the Council of Mortgage Lenders have indicated that it is likely to become a prerequisite for firms wishing to join their panels. Some mortgage companies now use the scheme as the starting point for Panel acceptance such as Santander.

You need to get in touch with Skipton Building Society to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an explicit inquiry for lenders to set out who to contact to obtain standard documents. Skipton Building Society in their Part 2’s state: It is likely that you will need to disclose your Skipton Building Society conveyancing panel reference.