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Ready to buy a new home? Failing to check that a lawyer is on the Skipton BS list of approved solicitors can put your transaction at risk of delay or failure.
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Skipton Building Society Solicitor Panel Example Support Desk Enquires
My partner and I are FTBs. Within the last couple of days our conveyancer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Skipton Building Society have this evening contacted us to inform me that they have now hit a problem as our lawyer is not on their conveyancing panel. Is this a problem?
When purchasing a property with the benefit of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.
In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyers should contact Skipton Building Society and see if they can apply for membership of the Skipton Building Society conveyancing panel, but if that is not viable Skipton Building Society will instruct their own lawyers to represent them. You don't have to instruct a firm on the Skipton Building Society conveyancing panel as you are at liberty to use your preferred lawyers, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
My conveyancer has spotted a discrepancy between the surveyor’s assumptions in Skipton Building Society’s home valuation survey and what is in the title deeds. My lawyer has advised that as he is on the Skipton Building Society conveyancing panel he is obliged to check that the lender is with this discrepancy and is content go ahead. Is my conveyancer’s course or action appropriate?
A precondition to being on the Skipton Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Skipton Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I need to find a Skipton Building Society panel solicitor in Inverness. Could you help me?
Unfortunately it’s not apparent why you need a Skipton Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Skipton Building Society to find out which solicitors in Skipton Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
My house is up for sale and I have a buyer. Does my solicitor have to be on the Skipton Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Skipton Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I have paid off my mortgage with Skipton Building Society. I assume I don't need a solicitor on the Skipton Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Skipton Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Skipton Building Society mortgage from the register. Skipton Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Skipton Building Society has sent the Land Registry the discharge electronically, and
the Skipton Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Skipton Building Society mortgage has been paid off.
My ex -wife’s name is on the Skipton Building Society mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Skipton Building Society mortgage in order to sell?
In terms of the Skipton Building Society mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Skipton Building Society in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.
Skipton Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Skipton Building Society or your broker and complete any relevant paperwork. Skipton Building Society will tell you what documents they want. Skipton Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Skipton Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.