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Yorkshire Bank Solicitor Panel: Recently Asked Questions
Are Yorkshire Bank Conveyancing panel lawyers duty bound to disclose incentives?
Yorkshire Bank’s answer to this question can be found at section 6.4.4 of their CML Part 2 requirements
Do Yorkshire Bank or the CML run professional training seminars for the
Yorkshire Bank approved solicitor panel in much the same way that the Law Society run cases for CQS firms?
This not something that the CML would traditionally get involved with but they do arrange a number of general conveyancing related conferences which are attended by firms on the Yorkshire Bank conveyancing panel. Lexsure intend to run specific lender focused seminars in the coming months including a webinar on Yorkshire Bank’s Part 2 requirements. Law firms on the Yorkshire Bank conveyancing panel are welcome. Information about the webinar will be communicated as part of the LENDERmonitor Alerts.
Yorkshire Bank have asked me to represent them alone on a residential conveyancing transaction , using the CML Lender’s Handbook. The borrower has his own solicitor (not on the
Yorkshire Bank conveyancing panel) How does this work and are there different requirements from Yorkshire Bank in this circumstance?
The CML, along with
Yorkshire Bank and other stakeholders developed a standard set of instructions where a conveyancer is acting for a lender such as Yorkshire Bank alone in a residential conveyancing matter.
These obligations are contained at Part 3 of the UK Finance Lenders’ Handbook and are to be read in conjunction with Part I and II.
The CML have published an example requirements letter to the borrower’s lawyer for use by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel solicitor.
Why are Estate Agents using search tools to check if lawyers are on a lenders conveyancing panel?
Many estate agents will be feeling the pain if their clients start out on the buying process using a conveyancer who is not on the panel with the purchaser’s chosen lender. Many
conveyancing firms are only discovering when they begin working on a
case that they are no longer able to work with that lender. Given
the inevitable resultant delays in the transaction the chances of an
abortive deal increases dramatically. in the circumstances there is
understandable anguish on the part of the estate agent as a result of
the lost time should the client have to change solicitors .
A long standing client of my firm is looking to purchase a detached house for £800,000 in Liverpool requiring a mortgage advance over GBP 450,000.
I am on the
Yorkshire Bank conveyancing panel but do Yorkshire Bank have a separate approved panel when a mortgage is above 350k?
We only know of a couple of lenders that operate a distinct conveyancing panel where the mortgage advance is over a certain amount.
You should nevertheless check directly with
Yorkshire 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 Yorkshire Bank
Our membership of the
Yorkshire Bank conveyancing panel was terminated but was reinstated on appeal, do I need to include these details on my CQS application?
It would be advisable to 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 gone on.
My firm is listed on the
Yorkshire Bank
conveyancing panel and scheduled to complete a remortgage shortly. My file does not contain a Legal Charge for the client to execute.
Who do I contact at Yorkshire Bank to get a duplicate Deed?
You need to contact Yorkshire Bank
to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an individual question for lenders to establish who to contact to obtain standard documents.
Yorkshire Bank in their Part 2’s state:
Don’t forget to quote the firm’s Yorkshire Bank solicitors panel number.
Find a Lawyer on the Yorkshire Bank Conveyancing Panel
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Average number of days to register title including a charge in favour of Yorkshire Bank
This information relates to purchase only and not remortgages.
Year | Days* |
---|---|
2024 | [no data] |
2023 | [no data] |
2022 | [no data] |
2021 | [no data] |
2020 | 51.0 |
2019 | 54.4 |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Yorkshire Bank Firms
- Draft Report on Title precedent for Yorkshire Bank borrowers
- Draft Anti Money Laundering PolicyTemplate for Yorkshire Bank panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Yorkshire Bank lender panel
- Buy-to-Let help for Yorkshire Bank
- Consent-to-Let help for Yorkshire Bank
- Contractor Mortgages with Yorkshire Bank