What is a Yorkshire Building Society lender conveyancing panel?
Your mortgage lender (in this case Yorkshire Building Society) will have an approved list of solicitor firms that they encourage you to use for your conveyancing. This is because those solicitors fit the criteria that Yorkshire Building Society sets, and they are all firms they trust. This is to try and reduce the chance of any complications with your purchase or remortgage.
What happens if I don’t choose a conveyancing solicitor who is on a managed panel?
If you decide to use a conveyancing solicitor that isn’t on the Yorkshire Building Society conveyancing panel then you may need to pay for their legal representation as well which would result in spending hundreds of pounds more than you budgeted for.
By using a solicitor that is on their panel, you won’t need to pay for separate legal representation for both yourself and your mortgage lender.
How do I know if my solicitor is on the panel?
The easiest way to check whether your chosen solicitor is on the Yorkshire Building Society approved conveyancing panel is to submit the solicitor to the bank or ask your mortgage advisor. You can also check the website to see if they have an updated list of their approved panel.
How do I find a solicitor on the Yorkshire Building Society lender conveyancing panel?
The easiest way to find a trusted, experienced conveyancing solicitor or licensed conveyancer is to get a quote using reallymoving’s quick quote form. You’ll be sent quotes from up to 4 conveyancing firms in your area. Of these, you can check directly who is registered with the Yorkshire Building Society lending panel, or ask your mortgage provider.
Frequently Asked Conveyancing Questions
How much does a conveyancing solicitor cost?
According to reallymoving data, the average cost of conveyancing services is around £2,038 including fees and disbursements.
Is it better to go with a local conveyancing solicitor?
No! though you may personally prefer to use a local solicitor, conveyancing can be carried out form anywhere, so don’t be concerned about choosing a solicitor from further away.
How do I choose a conveyancing solicitor?
When comparing solicitors or conveyancers to choose the one that’s right for you, consider factors such as their legal accreditations, client reviews, and experience within your local property market, as well as their fees.
Do all solicitors charge the same for conveyancing?
No, not all solicitors will charge the same so it’s important to compare firm’s fees. Remember, you can choose a conveyancing solicitor from anywhere, they don't have to be local.
Are conveyancers cheaper than solicitors?
Generally, licenced conveyancers are cheaper than conveyancing solicitors as they focus solely on property law, and solicitors will cover a broader range of disciplines. However, both are suitable for the job and prices can vary between all firms. So compare which is best for your needs.
Is my money safe with a conveyancer?
Yes, your money is protected. Conveyancers/ conveyancing solicitors must hold client funds in separate accounts, ensuring security and compliance with regulatory standards.
Reallymoving is a comparison site that allows you to find conveyancing solicitors for your house move or remortgage. We are not affiliated with Yorkshire Building Society and are not the Yorkshire Building Society conveyancing panel ourselves. We cannot guarantee that every solicitor quoted by us will be on the Yorkshire Building Society panel, so be sure to ask when contacting your chosen solicitor.
For solicitors wishing to join the Yorkshire Building Society panel, you must go to the bank directly.