Saffron Building Society Conveyancing Panel Information

Lexsure has not been advised of any intention on the part of the CML to develop such a search facility.

As is the case with the Law Society the Council of Licensed Conveyancers has begun 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 Saffron Building Society as well as the BSA.

For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the Saffron Building Society conveyancing panel to see if you are entitled to a reason.

With mortgage companies 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 Saffron Building Society conveyancing panel but for all mortgage panels

Your insurance brokers are your best port of call to address this question. The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for Saffron Building Society solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You would be advised to contact Saffron Building Society to obtain standard documents. The The Council of Mortgage Lenders Handbook includes an express section for lenders to enumerate who to contact to obtain standard documents. Saffron Building Society in their Part 2’s state: It helps to disclose the firm’s Saffron Building Society solicitors panel number.