Change Date : 29/01/2014
Association: BSA
Jurisdiction: England and Wales
Index: v.2014 No.68


Policy changes relevant to
Cambridge Building Society Solicitor Panel

Updated 2013-08-13 2014-01-29
A.3 Does the society lend in circumstances where the borrower and the mortgagor are not one and the same?
The contact point for confirmation of lending practice is:
Cambridge Building Society
Credit Risk
Head Office Administration Centre
PO Box 232
51 Newmarket Road
Cambridge
CB5 8FF
We do not lend where the borrower and mortgagor are not one and the same.
A.10 (a) Who is the contact point for SRs? (b) What ‘non-standard' documents are used and where are these available from?
The contact point for specific requirements is:
Cambridge Building Society
Credit Risk
Head Office Administration Centre
PO Box 232
51 Newmarket Road
Cambridge
CB5 8FF
The contact point for specific requirements is:
Cambridge Building Society
Lending Department
Head Office Administration Centre
PO Box 232
51 Newmarket Road
Cambridge
CB5 8FF
A.12 What are the society's conveyancing panel arrangements?

Our requirements for being added to our panel are :


Minimum of two partners in the practice


Minimum indemnity cover of two million


• Within our local area (East Anglia)


Secure premises to hold securities


• We will not accept conveyancers

Our requirements for being added to our panel are:

  • Minimum of two partners in the practice
  • Minimum indemnity cover of two million
  • The practise must be listed in the Butterworths Law Directory, Waterlows Law Directory or be listed on the Law Society website
  • Secure premises to hold securities
B.3 In what circumstances might the society amend or withdraw the mortgage offer?

Please refer any queries relating to a mortgage offer being amended or withdrawn to:

Cambridge Building Society, Credit Risk, Head Office Administration Centre, PO Box 232, 51 Newmarket Road , Cambridge, CB5 8FF

Please refer any queries relating to a mortgage offer being amended or withdrawn to:

Cambridge Building Society, Lending Department, Head Office Administration Centre, PO Box 232, 51 Newmarket Road , Cambridge, CB5 8FF

B.12 Does the society need to be notified to confirm whether it is prepared to proceed in the event that the seller has no legal representation? If so, who should be notified?

If the seller has no legal representation you must notify ‘Credit Risk, Cambridge Building Society’.

Please be aware we do not accept licensed conveyancers.

If the seller has no legal representation you must notify ‘Lending Department, Cambridge Building Society’.

C.11 What does the society accept as security where the property falls within the definition of a house in multiple occupation under the Housing Act 2004?

The Society does not normally except Homes in Multiple Occupancy for lending purposes

Please refer to ‘Credit Risk, Cambridge Building Society’.

The Society does not normally except Homes in Multiple Occupancy for lending purposes

Please refer to ‘Lending Department, Cambridge Building Society’.

C.12 What new home warranty schemes are accepted by the society?
The following home warrantys acceptable to us are:

• NHBC

• Zurich (Restrictions apply please refer to Membership Services)

• Premier Guarantee

• Architects Certificate

• LABC
The following home warranty's acceptable to us are:
  • NHBC
  • LABC
  • Zurich
  • Premier
C.21 If all such rights are not enforceable by the borrower and the borrower's successors in title what are the society's requirements?

Please refer this to Credit Risk as indemnity insurance may be required,

Please refer this to Lending Department as indemnity insurance may be required.

C.27 What are the society's specific requirements in respect of all of the above?

Please refer to 'Credit Risk Cambridge Building Society’

Please refer to 'Lending Department Cambridge Building Society’

D.22 Are copies of planning permissions, building regulations and other consents or certificates required to be sent to the society?

Please refer to 'Credit Risk Cambridge Building Society’

Please refer to 'Lending Department Cambridge Building Society’

D.55 What are your specific requirements with regard to shared ownership/shared equity properties?

We only use certain housing associations for shared ownership and shared equity. Please refer to Credit Risk for a list of who we deal with

We only use certain housing associations for shared ownership and shared equity. Please refer to Lending Department for a list of who we deal with.

D.56 Does the society require the indemnity insurance policy to be sent to them before or after completion?
Please refer to 'Credit Risk Cambridge Building Society’
Please refer to 'Lending Department Cambridge Building Society’
D.57 What limit of indemnity does the society require?

Please refer to ‘Credit Risk Cambridge Building Society’

Please refer to ‘Lending Department Cambridge Building Society’

E.1 Standard documents are available from:

Please refer to 'Credit Risk Cambridge Building Society’

Please refer to 'Lending Department Cambridge Building Society’

E.10 Who will you release the retention to?

Please refer to 'Credit Risk Cambridge Building Society’

Please refer to 'Lending Department Cambridge Building Society’