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Teachers Building Society Solicitor Panel Information:
What are the Teachers Building Society conveyancing panel criteria?
Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements.
The Special Requirements state:
We do not operate a conveyancing panel
You must also comply with the terms and conditions of your Teachers Building Society solicitor panel appointment.
Do the Building Society Association intend to launch a online directory to list solicitors on the Teachers Building Society conveyancing panel ?
We would not expect to be advised of any intention on the part of the BSA to promote such a register .
Being a firm on the Teachers Building Society conveyancing panel who should we communicate with should we have a question conerning the instructions ?
If you are a conveyancer and have a concern regarding the mortgage instructions,
you should make contact with Teachers Building Society. The BSA will not advise or comment on specific queries relating to Teachers Building Society or other lenders.
I noticed the following question on my PI renewal form this year ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the BSA Mortgage Instructions?’ My firm is on numerous approved panels including the Teachers Building Society conveyancing panel. We have Terms and Conditions of appointment which we are duty bound to comply with. Am I supposed to mention these Terms?
The key here is the caveat ‘more onerous’.
You have to try and take an objective view as to whether the Terms relating to the Teachers Building Society conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the BSA Mortgage Instructions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before moving forward on this question.
I rarely receive a copy of a valuation from a lender these days. Does the extent of my Teachers Building Society conveyancing panel obligations extend to checking the valuation details where I am acting on a purchase with Teachers Building Society as the Mortgagee?
There are various requirements are to be followed if you wish to comply with your lender client’s instructions as set out in the BSA Mortgage Instructions. (I) You must take reasonable steps to verify that there are no discrepancies between the description of the property as compared to an out of date postal address or DX details.
My firm has just been advised that it’s Teachers Building Society panel membership revoked but we have not yet been given a reason as to why . I am completing a CQS renewal form what information do I need to put forward?
In the circumstances please explain on the application what steps you have taken to find out the reasons behind cancellation of your Teachers Building Society panel status . In particular please provide details if you have received communications from the lender. E.G. before termination of your panel membership did you receive any letters or calls from the lender putting you on notice?
What lender panels do you receive the most questions about?
BSA lenders do not come within the top 20 lenders in terms of
frequency of questions. The most popular lender panels in terms of
questions are as follows:
I am a partner in a CQS firm on the Teachers Building Society conveyancing panel. Do you have ideas as to how we can market our practice as carrying out conveyancing in Hendon who can act for the borrower and Teachers Building Society?
6 consumers search for a conveyancing practitioner on the Teachers Building Society panel on a monthly basis in Hendon. The lenderpanel directory service team who will show you how your firm can be identified by those searching for conveyancing in Hendon.
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Average number of days to register title including a charge in favour of Teachers Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Teachers Building Society Firms
- Draft Report on Title precedent for Teachers Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Teachers Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Teachers Building Society lender panel
- Buy-to-Let help for Teachers Building Society
- Consent-to-Let help for Teachers Building Society
- Contractor Mortgages with Teachers Building Society
