Yorkshire Building Society Conveyancing Panel Information

UK Finance Designator: Yorkshire Building Society
Jurisdiction: England and Wales

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Yorkshire Building Society and to assist in remaining on the Yorkshire Building Society Solicitor Panel.

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Yorkshire Building Society Solicitor Panel: Recently Asked Questions

Is it probable that Yorkshire Building Society will assign a different firm on the Yorkshire Building Society conveyancing panel for a further advance during the lifetime of a mortgage?
Paragraph 16.2.1 of the UK Finance Lenders’ Handbook relevant to a solicitor on the Yorkshire Building Society conveyancing panel reads ‘Our mortgage secures further advances. Consequently, when a further advance is required for alterations or improvements to the property we will not normally instruct a member of our conveyancing panel but if you are instructed the appropriate provisions of this Handbook will apply’.

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Does the fact that my firm has signed up to LENDERmonitor Alerts assist in my application to join the Yorkshire Building Society conveyancing panel?
The requirements to join the Yorkshire Building Society conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
Being on the Yorkshire Building Society conveyancing panel how long am I expected to keep hold of the original conveyancing file?
The Council of Mortgage Lender requirements of Yorkshire Building Society are silent on this. Most mortgage companies deal with the issue of file retention via their Terms of panel appointment where they generally provide that for evidential purposes, the firm must keep the file for at least of 6 years from the date of the mortgage. Data imagining is normally suitable compliance with this requirement. Many lenders point out in that it is the practice of some fraudsters to demand the conveyancing file on completion in order to destroy evidence that may later be used against them. It is therefore important to retain these documents to protect Yorkshire Building Society’s interest. To be absolutely sure of Yorkshire Building Society requirements in this regard please check the Terms and Conditions of Yorkshire Building Society’s conveyancing panel acceptance.
My firm is not on the Yorkshire Building Society conveyancing panel as well other lenders. My clients, who have applied for a mortgage with Yorkshire Building Society still want me to act for them even though I am not on the Yorkshire Building Society panel. Am I doing anything wrong is suggesting to my client that they use a firm down the road to act for Yorkshire Building Society on mortgage aspect of the conveyancing?
You need to be careful here as what you are proposing may not be acceptable to the mortgage company. It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. Many lenders make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender will appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancer. You also need to make the costs implications and potential for delay very clear to your client.
I have been a sole practitioner for over 35 years never having had a negligence claim and have been refused acceptance on the Yorkshire Building Society conveyancing panel with no explanation. Am I not entitled to to know why?
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 Yorkshire Building Society conveyancing panel to see if you are entitled to a reason.
St Giles’ PII renewal form asks if my practice had been excluded from any lender panels in the last 12 months. I just became aware that the practice is no longer on the Yorkshire Building Society conveyancing panel? Will that effect my PII cover?
The best placed professionals to answer this question are your insurance brokers. The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for Yorkshire Building Society solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.
I am on the Yorkshire Building Society conveyancing panel and all set to complete a remortgage within the next week. My papers do not include a Mortgage Deed for the client to execute. Who do I contact at Yorkshire Building Society to get a duplicate Deed?
You would be advised to contact Yorkshire Building Society to obtain standard documents. The CML Handbook includes an individual section for lenders to cite who to contact to obtain standard documents. Always remember to disclose the firm’s Yorkshire Building Society solicitors panel number.
Average number of days to register title including a charge in favour of Yorkshire Building Society
This information relates to purchase only and not remortgages.
YearDays*
2013 28.1
2012 31.0
* Data aggregated from sources including COMPLETIONmonitor

Recent Changes Include

# Date Assoc. Changes Related To
10.3 17/09/2018 CML
7.3 06/02/2017 CML
16.3.2 20/07/2015 CML
16.3.2 01/12/2014 CML
6.14.3 01/12/2014 CML
6.5.1 01/12/2014 CML
14.1.5 01/12/2014 CML
6.4.4 21/10/2013 CML
5.4.5 16/08/2013 CML Local Search Indemnity Insurance
17.2.1b 12/07/2013 CML

Last update 13/11/2019

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