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Clydesdale Bank Conveyancing Panel: Recently Asked Questions
Is it the case that the Law Society has advised that firms check their status on the
Clydesdale Bank conveyancing panel?
The Scottish Law Society has advised that solicitors should check their panel status with lenders before accepting client instructions to act. The advice is lender-agnostic as it does not relate specifically to solicitors on the
Clydesdale Bank conveyancing panel. The suggestion arises from the practice of a number of mortgage lenders who remove solicitors from their panels without prior notice as part of their panel management system, which can lead to some solicitors discovering this only once instructed. This is sensible advice as a client finding out midway through a transaction that their lawyer is not on the approved lender panel is very frustrating and can lead to complaints. Many online consumer forums contain posts where someone is complaining about finding that their lawyer is not on a lender conveyancing panel. Such forums include moneysavingexpert.com
What is the CLC doing to protect licensed conveyancers from being removed from lender panels?
As is the case with the Law Society the CLC has initiated dialogue 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. It is likely that that the CLC have been in touch with lenders such as
Clydesdale Bank as well as the CML.
Do banks such as
Clydesdale Bank operate detached conveyancing panel for buy to let mortgages?
Most lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with
Clydesdale Bank as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from
Clydesdale Bank we suggest that you call
Clydesdale Bank to check the position.
My firm is not on the
Clydesdale Bank conveyancing panel as well other lenders.
My clients, who have applied for a mortgage with Clydesdale Bank still want me to act for them regardless of the fact that we are not on the
Clydesdale Bank panel. Is it fine for me to use a firm down the road to act for
Clydesdale Bank on mortgage aspect of the conveyancing?
You need to be careful here as what you are intending may not be acceptable to the lender.
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. An increasing amount of lenders are making 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 conveyancing firm.
You also need to make the costs implications and potential for delay very clear to your client.
Do publish figures exists disclosing the
Clydesdale Bank conveyancing panel size as well as the number of conveyancing firms dismissed each quarter?
With lenders and conveyancers working so closely with one another it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the
Clydesdale Bank conveyancing panel but for all mortgage panel listings
my firm’s membership of the
Clydesdale Bank conveyancing panel was terminated but was reinstated on appeal, do I need to disclose these details on my CQS application?
It would be advisable to 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 adversely impact your application but gives the Law Society a complete picture of what has gone on.
Our practice is on the
Clydesdale Bank
conveyancing panel and due to complete a remortgage within the next few weeks. I can not locate a Legal Charge for the client to sign.
Who do I contact at Clydesdale Bank to obtain duplicate documents?
You should get in touch with Clydesdale Bank
to obtain standard documents. The CML Handbook incorporates a specific question for banks to reveal who to contact to obtain standard documents.
Clydesdale Bank in their Part 2’s state:
Please remember to quote your Clydesdale Bank conveyancing panel reference.
Find a Lawyer on the Clydesdale Bank Conveyancing Panel
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Average number of days to register title including a charge in favour of Clydesdale Bank
This information relates to purchase only and not remortgages.
Year | Days* |
---|---|
2025 | [no data] |
2024 | [no data] |
2023 | [no data] |
2022 | 48.3 |
2021 | [no data] |
2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Clydesdale Bank Firms
- Draft Report on Title precedent for Clydesdale Bank borrowers
- Draft Anti Money Laundering PolicyTemplate for Clydesdale Bank panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Clydesdale Bank lender panel
- Buy-to-Let help for Clydesdale Bank
- Consent-to-Let help for Clydesdale Bank
- Contractor Mortgages with Clydesdale Bank