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.
Being on the Cambridge Building Society conveyancing panel for what period of time am I obliged to retain the original conveyancing file?
The BSA Mortgage Instructions state that the firm must keep the file for at least 6 years from the date of the mortgage. Data imaging is normally suitable
compliance with this requirement. As a firm on the Cambridge Building Society conveyancing panel you must allow Cambridge Building Society to conduct such reasonable audit of your
information security measures as Cambridge Building Society or their
agents may to ensure your compliance with your file retention
obligations.
What reports are available via COMPLETIONmonitor to assist my appeal to be reinstated on the Cambridge Building Society solicitor panel?
There are many reports available but examples include:
- Average time frame to register charges at the Land Registry
- Average time frame to send deeds to the lender (calculated from completion date or title registration)
- Number of conveyancing cases by lender
- The percentage of the firm’s business which is conveyancing (broken down into sale)
- Average mortgage advance
- Buy to Let transactions
- Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
- Evidence of undertaking logs
- Current and historic missed priority dates
- Analysis as to the nature of clients (e.g. existing client )
I have been a sole practitioner for approximately 35 years without a single claim against me and have been refused acceptance on the Cambridge Building Society conveyancing panel with no explanation. Am I not entitled to a reason?
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.
Are figures published regarding the Cambridge Building Society conveyancing panel size as well as the number of conveyancing firms removed from their panel each quarter?
With banks and conveyancing firms working so closely with one another it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the Cambridge Building Society conveyancing panel but for all mortgage panels
Can the BSA assist me in an appeal having not been accepted onto the Cambridge Building Society conveyancing panel?
If you have not been accepted or indeed been removed from the Cambridge Building Society conveyancing panel then the BSA will not have any part to play in influencing Cambridge Building Society in changing their mind. Please contact us here at Lexsure so that we can put you in touch with a consultant who may be able to assist. At the very least it’s worth a call to us.
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 Cambridge Building Society conveyancing panel. How can we advertise our firm as specialists in conveyancing in Hendon who can act for the borrower and Cambridge Building Society?
15 people attempt to locate a conveyancing practitioner on the Cambridge Building Society panel each month in Hendon. The lenderpanel directory service team who will show you 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
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
