Yorkshire Bank Conveyancing Panel Information

The Council of Mortgage Lenders do not maintain historic copies of P2 requirements pre-December 2010. The CML advise that you contact Yorkshire Bank directly.

In the same way that there is a unique Yorkshire Bank 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.

During 2013, 93 sections of the UK Finance Lenders’ Handbook P2 were changed by Yorkshire Bank. Some changes are more important than others but as a firm on the Yorkshire Bank conveyancing panel you are of course obliged to comply with individual lender requirements, as set out in Part II of the UK Finance Lenders’ Handbook. Locktons have recently pointed out in an article that non-compliance with Part 2 requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.

Remember: CML requirements are not guidelines; they are the lender client’s instructions.

You should 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 negatively affect your firm’s application but gives the CQS team viability as to what has occured.

You would be advised to get in touch with Yorkshire Bank to obtain standard documents. The CML Handbook includes an explicit question for banks to set out who to contact to obtain standard documents. Yorkshire Bank in their Part 2’s state: Always remember to quote the firm’s Yorkshire Bank conveyancing panel number.