Looking for information about your firm's panel status?
Cambridge Building Society Solicitor Panel Assistance:
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.
Are Cambridge Building Society Conveyancing panel lawyers exposed to the possibility of the society amending or withdrawing the mortgage?
Cambridge Building Society addresses this at section B.3 of their BSA specific requirements which states:
Please refer any queries relating to a mortgage offer being amended or withdrawn to:
The Cambridge Building Society, Mortgage Applications Team, Head Office, 51 Newmarket Road , Cambridge, CB5 8EG
Do Cambridge Building Society or the BSA run training seminars for the Cambridge Building Society approved solicitor panel in much the same way that the Law Society run cases for CQS accedited practices?
The BSA do not involve themselves in training although they do organise a number of useful legal related conferences which are attended by firms on the Cambridge Building Society conveyancing panel. We do intend to run specific lender focused seminars in the coming months including a webinar on Cambridge Building Society’s requirements . Practitioners on the Cambridge Building Society conveyancing panel are welcome . Information about the webinar will be made available as part of the LENDERmonitor Alerts .
My firm is not on the Cambridge Building Society solicitor panel as well other lenders . My clients, who are getting a mortgage with Cambridge Building Society wish use my firms conveyancing services regardless of the fact that we are not on the Cambridge Building Society panel. Is it fine for me to use a local to act for Cambridge Building Society on mortgage aspect of the transaction?
Please tread carefully here as what you are suggesting may not be acceptable to the lender.
It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. Many lenders make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender will appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancer.
You also need to make the costs implications and potential for delay very clear to your client.
The firm that I work for 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.
Do publish figures exists regarding the Cambridge Building Society conveyancing panel size as well as the number of conveyancing firms dismissed 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 lender panel listings
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
powered by LenderPanel
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* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [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
