Information for solicitors and licensed conveyancers/independent qualified conveyancers (Scotland). Documents for instructed legal advisers, and those legal advisers dealing with the administration of estates.
Request a redemption statement and/or title deeds on behalf of a client
The Society releases its advance funds by means of CHAPS on the working day prior to the proposed completion day. This has the following benefits:
Cleared funds are available on the day of completion without the delay which may be experienced if funds are released on the day of completion
Funds will be paid direct to your bank account avoiding the need for you to present a cheque for payment
Any delay in the expected completion date can be notified up to two days before avoiding the need to return cheques to the Society which may have been issued several days in advance of the completion date
Please note that a Funds Release Fee of £35 will be charged when the funds are released to you and this will be deducted from the mortgage advance.
To enable us to release funds to you it will be necessary for you to provide us with your client account bank details. Please inform us as soon as possible of any subsequent amendments to your banking arrangements.
Join our Panel
In order for YBS to appoint the same solicitor or conveyancer as the applicant as part of processing any mortgage applications, that solicitor/qualified conveyancer must first be registered to our approved solicitor panel.
To join our panel of conveyancers you will need to complete an application form. Should you simply wish to add an additional office please complete and return the additional office application form checklist. You can use our Solicitor Panel Checking Tool to see if you are currently have an active registration.
Customer Service Department
Yorkshire Building Society
We will write to you to let you know whether your application has been successful.
Panel Admission Notes
Conveyancing Quality Scheme(CQS) - All solicitor applicants located in England and Wales who apply to join the panel will require CQS accreditation.
PII cover – Insurance held must meet our requirements in respect of a minimum financial security rating – AM Best B+ or Standard and Poor’s A – Minimum cover of £2,000,000 for sole practitioners and partnerships and then minimum of £3,000,000 for LLP and Limited Companies.
Period – Firms will be required to re-register to the panel if they have not acted for the Society in the grant of a mortgage for a period longer than 12 months.
Notification – You must undertake to notify the Society in the event of any change in the accuracy of the required information.
Discretion- Membership of the Society’s Conveyancing panel is at the absolute discretion of the Society.
Active Cases - If you have an active case please indicate and include your client’s name and case number (where known) on the appropriate section of the application form. This will help decrease the time taken to process your client’s application.
If you have any further queries regarding our panel admission process please call 01274 472779*.