Change Date : 13/08/2013
Association: BSA
Jurisdiction: England and Wales
Index: v.2013 No.757


Policy changes relevant to
Cambridge Building Society Solicitor Panel

Updated 2011-08-11 10:53:54 2013-08-13 10:03:19
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, Membership Services, Head Office Administration Centre, PO Box 232, 51 Newmarket Road, Cambridge, CB5 8FF

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

A.10 (a) Who is the contact point for SRs? (b) What ‘non-standard' documents are used and where are these available from?

(a) The contact point for specific requirements is:

(b) Cambridge Building Society, Membership Services, Head Office Administration Centre, PO Box 232, 51 Newmarket Road, Cambridge, CB5 8FF

(a) The contact point for specific requirements is:

(b) Cambridge Building Society, Credit Risk, 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 one 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


• Within our local area (East Anglia)


• Secure premises to hold securities


• We will not accept conveyancers

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Please refer any queries relating to a mortgage offer being amended or withdrawn too:

Cambridge Building Society, Membership Services, 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Please refer any queries relating to a mortgage offer being amended or withdrawn too:

Cambridge Building Society, Credit Risk, 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 ‘Membership Services Cambridge Building Society’ Please be aware we do not except licensed conveyancers. If the seller has no legal representation you must notify ‘Credit Risk Cambridge Building Society’ Please be aware we do not except licensed conveyancers.
C.10 Do you require counterparts or certified copies of all tenancy agreements and leases after completion?

We do require counterparts or certified copies of all tenancy agreements and leases after completion and these need to be sent to:

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

We do require counterparts or certified copies of all tenancy agreements and leases after completion and these need to be sent to:

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

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 ‘Membership Services Cambridge Building Society’

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

Please refer to ‘Credit Risk Cambridge Building Society’

C.12 What new home warranty schemes are accepted by the society?

The following home warranty’s acceptable to us are:


• NHBC


• Zurich (Restrictions apply please refer to Membership Services)


• Premier Guarantee


• Architects Certificate

The following home warranty’s acceptable to us are:


• NHBC


• Zurich (Restrictions apply please refer to Membership Services)


• Premier Guarantee


• Architects Certificate


• LABC

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 Membership Services as indemnity insurance may be required, Please refer this to Credit Risk as indemnity insurance may be required,
D.34 What are the requirements on the unexpired term of a lease offered as security? We require a minimum of 35 years un-expired term on the lease plus the mortgage term We require a minimum of 60 years un-expired term on the lease plus the mortgage term
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 Membership Services for a list of who we deal with 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
D.57 What limit of indemnity does the society require? Please refer to ‘Membership Services Cambridge Building Society’ Please refer to ‘Credit Risk Cambridge Building Society’
E.33 What documents does the society need, and what should be done with the other documents?

Documents must be returned to Membership Services for storage in our deeds vault. We require the following documentation:

Title Information Document Mortgage Deed

Completion advice or searches

Copy of lease (if a leasehold property)

Notice of assignment (if leasehold)

Any documents required under the special conditions

Documents must be returned to Mortgage Administration for storage in our deeds vault. We require the following documentation:

Title Information Document Mortgage Deed

Completion advice or searches

Copy of lease (if a leasehold property)

Notice of assignment (if leasehold)

Any documents required under the special conditions

F.1 The society's standard documents are available from:

Standard documentation and contact point is:

Cambridge Building Society

Membership Services

Head Office Administration Centre

PO Box 232

51 Newmarket Road

Cambridge

CB5 8FF

Standard documentation and contact point is:

Cambridge Building Society

Mortgage Administration

Head Office Administration Centre

PO Box 232

51 Newmarket Road

Cambridge

CB5 8FF

F.9 (a) Where should the transfer be sent for sealing? (b) What is your approved form of attestation clause?

(a) Cambridge Building Society

Membership Services

Head Office Administration Centre

PO Box 232

51 Newmarket Road

Cambridge

CB5 8FF

(a) Cambridge Building Society

Mortgage Administration

Head Office Administration Centre

PO Box 232

51 Newmarket Road

Cambridge

CB5 8FF