Looking for information about your firm's panel status?
Cambridge Building Society Conveyancing 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 solicitors at risk of the society amending or withdrawing the loan offer?
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Please refer any queries relating to a mortgage offer being amended or withdrawn to: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
Is it probable that Cambridge Building Society will select another solicitor on the Cambridge Building Society lender panel for a further advance during the lifetime of a mortgage ?
The Building Society Association Mortgage Instructions relevant to a solicitor on the Cambridge Building Society conveyancing panel indicates that when a further advance is required for alterations or improvements to the property we will not normally instruct a member of the Cambridge Building Society conveyancing panel but if you are instructed the appropriate provisions of the BSA mortgage instruction will need to be adhered to .
Being a firm on the Cambridge Building Society solicitor panel who should we call should we have a question conerning the instructions ?
If you are a conveyancer and have a query about the 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.
Does the fact that my practice has signed up to Alerts via this site help in my application to join the Cambridge Building Society solicitor 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.
Being on the Cambridge Building Society conveyancing panel how long am I obliged to keep hold of 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 type of firms do building societies include on their approved solicitor panel?
In the same way that there is a unique Cambridge Building Society conveyancing panel most building societies, operate a conveyancing panel for solicitors and other conveyancers that the lender will instruct. Terms and Conditions and criteria for inclusion on a building society conveyancing panel vary from lender-to-lender. Having CQS accreditation may be a requirement.
Institutional lenders, such as a building society, is a client and is entitled to instruct the solicitor or conveyancer of its choosing (who, in turn, is free to accept or refuse instructions). Therefore, if lender and borrower cannot agree which solicitor or conveyancer should represent them jointly, they would usually proceed on a separate representation basis.
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* |
|---|---|
| 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
