Looking for information about your firm's panel status?
Cambridge Building Society Solicitor Panel Information:
What are the Cambridge 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:
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.
Being a firm on the Cambridge Building Society solicitor panel who do I contact should we have a question conerning the instructions ?
If you are a solicitor and have a question relating to the mortgage instructions,
you should make contact with Cambridge Building Society. The BSA will not advise or comment on specific queries relating to Cambridge Building Society or other lenders.
A long standing client of my firm is buying a semi detached house for
£835,250 in Kenton with a mortgage over GBP 440,000.
I am on the Cambridge Building Society conveyancing panel but do Cambridge Building Society have a separate approved panel when the advance is above 300,000?
Lexsure only know of a couple of banks that operate a distinct conveyancing panel where the mortgage advance is over a certain threshold.
You should nevertheless check directly with Cambridge Building Society. At one stage HSBC would only allow Sole practitioners to act for
them where the mortgage was below £150,000. We are not sure if HSBC
still operate such a condition. In your case it is best to check with
Cambridge Building Society
My firm is on the Cambridge Building Society conveyancing panel. I am
dealing with Cambridge Building Society mortgage on a purchase. My
borrower client is asking not to disclose an issue to Cambridge Building Society. What do I do in this conflict situation?
When a solicitor is acting for both Cambridge Building Society and
borrower there is potential for conflicts to arise. You owe duties to
both clients. All information received by you from your client is
confidential and cannot be disclosed without the client’s consent.
In your situation, if the purchaser will not consent to the information being passed on to the lender, the solicitor must cease to act for Cambridge Building Society and it may well be prudent for you to cease to act for the purchaser as well. You must not inform Cambridge Building Society of the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your Cambridge Building Society conveyancing panel status.
I have been a solicitor for nearly 30 years with an exemplary claims record and have been refused acceptance on the Cambridge Building Society conveyancing panel with no explanation. Am I not entitled to know why?
Participation on the lender's panel of conveyancers is at the absolute
discretion of the the lender. The days of open panels are now long
gone. Many lenders reserve the right to accept or reject any
application without giving any reason. You should check your original
application to join the Cambridge Building Society conveyancing panel
to see if you are entitled to a reason.
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:
We are a 3-partner firm on the Cambridge Building Society conveyancing panel. Do you have ideas as to how we can market our practice as conducting conveyancing in Hendon authorised to act forCambridge Building Society?
13 borrowers search for a solicitor on the Cambridge Building Society panel on a monthly basis in Hendon. Feel free to contact the Lexsure team who will tell how your firm can be found by those searching for conveyancing in Hendon.
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
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