Looking for information about your firm's panel status?
Cambridge Building Society Solicitor Panel Assistance:
What are the Cambridge Building Society conveyancing panel arrangements?
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:
The minimum criteria for appointment to our panel are:
- At least two qualified partners who hold current Law Society practising certificates
- The practice must be listed in the Law Society or Council for Licensed Conveyancers directories
- The firm must have a minimum of £2 million professional indemnity cover
You must also comply with the terms and conditions of your Cambridge Building Society solicitor panel appointment.
I am on the Cambridge Building Society conveyancing panel. Can I get an archived copy of Cambridge Building Society Specific Requirements from the BSA?
The BSA, as is the case with the CML do not keep data sets of Specific Requirements. We would advise that you make a request of Cambridge Building Society direct.
Can my practice submit a complaint to the BSA about being removed excluded suspended from the Cambridge Building Society conveyancing panel?
The BSA is an association rather than a regulator and therefore do not advise on complaints against lenders. You can of course contact Lexsure to see if we can help.
Does the fact that my practice has signed up to LENDERmonitor Alerts help in my application to join the Cambridge Building Society conveyancing panel?
The criteria to join the Cambridge Building Society conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
Are there conditions,outside the BSA Mortgage Instructions, that a firm should be aware of when on the Cambridge Building Society conveyancing panel?
In order to be on the Cambridge Building Society conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily Cambridge Building Society) are as follows:
- To be responsible for the reconstitution of the title deeds (whether the title is registered or unregistered, at your own cost), where any deeds in your possession, or were last known to be in your possession, go missing.
- That any deeds you borrow from us in connection with the personal mortgage of a partner or director at your firm must be requested by a partner or director other than the partner or director concerned and the transaction must be handled by that other partner or director. If you are a sole practitioner and require the loan of deeds in connection with your own mortgage, you must nominate a different firm on our panel to request the deeds and handle the transaction.
- You have the consent of all borrowers to apply for the deeds, before making any request for deeds. We will accept your request for deeds on the understanding that you have obtained such consent. If this is not the case then you should advise our Deeds Services Department in writing when you make your request
- To quote on all communications with us relating to registration issues, whether by telephone or in writing, the panel number that we provide for each practising address and the mortgage account or application number for the mortgage concerned.
- To carry out our instructions with reasonable care and skill, ensuring that all employees carrying out mortgage work on our behalf are qualified and competent to do so
I have read a number of legal articles recently about firms being sued for non-compliance with BSA Mortgage Instructions. I am on the Cambridge Building Society conveyancing panel. Can you tell me how many Specific Requirement changes took place by Cambridge Building Society during 2013?
During this period 19 sections of the BSA Mortgage Instructions were changed by Cambridge Building Society. Some changes are more important than others but as a firm on the Cambridge Building Society conveyancing panel you are of course obliged to comply with individual lender requirements. Locktons have recently pointed out in an article that non-compliance with lender requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.
Remember: BSA requirements are not guidelines; they are the lender client’s instructions.
The CML Handbook includes instructions for a roof with a solar panel. Cambridge Building Society do not seem to have any similar obligations via the BSA Mortgage Instructions. Am I missing something?
The BSA Mortgage Instructions don't
specifically deal with Solar Panels but it would be prudent as
approved solicitors for Cambridge Building Society to raise the issue
with them (as you would if the UK Finance Lenders’ Handbook applied). In any event you
need to raise the appropriate questions for your buyer client.
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:
Find a Lawyer on the Cambridge Building Society Approved Conveyancing Solicitors
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Average number of days to register title including a charge in favour of Cambridge Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Cambridge Building Society Firms
- Draft Report on Title precedent for Cambridge Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Cambridge Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Cambridge Building Society lender panel
- Buy-to-Let help for Cambridge Building Society
- Consent-to-Let help for Cambridge Building Society
- Contractor Mortgages with Cambridge Building Society
