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Skipton Building Society Conveyancing Panel: Recently Asked Questions
Can my practice submit a complaint to the Council of Mortgage Lenders about being suspended from the Skipton Building Society conveyancing panel?
The CML is not a regulator and therefore cannot advise on complaints against lenders. You can of course contact Lexsure to see if we can help.
Do Skipton Building Society or the CML run professional training Courses for the
Skipton Building Society approved solicitor panel in much the same way that the Law Society run cases for CQS firms?
The Council of Mortgage Lenders (or the BSA) do not involve themselves in training although they do arrange numerous useful legal related conferences which are attended by firms on the Skipton Building Society conveyancing panel. Lexsure intend to run specific lender focused seminars in the coming months including a webinar on Skipton Building Society’s Part 2 requirements. Solicitors on the Skipton Building Society conveyancing panel will be invited. Information about the webinar will be communicated as part of the LENDERmonitor Alerts.
Given my firm’s membership on the Skipton Building Society conveyancing panel how long am I expected to archive the complete conveyancing file?
The CML Part II requirements of
Skipton Building Society are silent on this. Most lenders 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 a minimum six 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 Skipton Building Society’s interest. To be
absolutely sure of Skipton Building Society requirements in this regard
please check the Terms and Conditions of Skipton Building Society’s
conveyancing panel acceptance.
My firm is not on the
Skipton Building Society conveyancing panel as well other lenders.
My clients, who are getting a mortgage with Skipton Building Society wish use my firms conveyancing services even though I am not on the
Skipton Building Society panel. Is it fine for me to use a firm down the road to act for
Skipton 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 entitled 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.
My lawyers pass me the odd LENDERmonitor notification but I rarely see change of note. By way of illustration, I am on the
Skipton Building Society conveyancing panel and get an alerts simply telling me a change of address. Isn't that just noise?
It is important that you take note of such changes because sending a communication or deeds to the wrong address can cause delays that might not only affect your borrower client but also affect your ability to remain on the
Skipton Building Society solicitor panel. Is possible next month that Skipton Building Society change their requirements as to where the post completion documents should be sent.
Do you update the details in your CMS? Is this recorded anywhere? Is this communicated to the staff? In your Certificate of Title to Skipton Building Society you are giving assurances that you will forward the deeds within 10 days of receiving the TID. Leaving to one side whether you are in breach of an undertaking in sending it to the wrong address, you run the risk of
Skipton Building Society suspending you off the panel because they are not receiving the deeds in accordance with the COT. It will not be a valid excuse to say that you sent it to an out of date postal address or DX details.
Will Conveyancing Quality Scheme acceptance guarantee my firm’s acceptance on to lenders conveyancing panels?
The Law Society’s CQS accreditation gives no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to join their approved list of conveyancing solicitors. A number of mortgage companies now use CQS as the starting point for Panel approval such as HSBC.
Our practice is on the
Skipton Building Society
conveyancing panel and scheduled to complete a remortgage within the next week. My file does not contain a Mortgage Deed for the client to execute.
Who do I contact at Skipton Building Society to obtain duplicate documents?
You should get in touch with Skipton Building Society
to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an explicit section for lenders to set out who to contact to obtain standard documents.
Skipton Building Society in their Part 2’s state:
Don’t forget to quote the firm’s Skipton Building Society solicitors panel number.
Find a Lawyer on the Skipton Building Society Solicitor Panel
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Average number of days to register title including a charge in favour of Skipton Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | 49.2 |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Skipton Building Society Firms
- Draft Report on Title precedent for Skipton Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Skipton Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Skipton Building Society lender panel
- Buy-to-Let help for Skipton Building Society
- Consent-to-Let help for Skipton Building Society
- Contractor Mortgages with Skipton Building Society