Darlington Building Society Conveyancing Panel Information

No such training is arranged by the CML however they do organise a number of general legal related conferences which are attended by firms on the Darlington Building Society conveyancing panel. Lexsure intend to run specific lender focused seminars in the coming months including a webinar on Darlington Building Society’s Part 2 obligations. Law firms on the Darlington Building Society conveyancing panel will be invited. Further details will be communicated as part of the LENDERmonitor P2 change Notifications.

The requirements to join the Darlington Building Society conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.

Each lender has different criteria. We do not hold specific requirements relating to the questions raised as part of the application to be on the Darlington Building Society conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

List of all Licensed Conveyancers within firm

Firm name, address and contact details including all branches (including evidence of existence through risk-based physical visits and Google Streetview checks)

Whether the firm is able to operate in other jurisdictions

Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers

List of all those who can sign off the Certificate Of Title

Full complaints history for each licensed conveyancer

List of all those who fund the firm, including non-lawyers if applicable

List of fee-earners who are foreign qualified

Structure of firm and, where applicable, its group

Charge registration history

Darlington Building Society approved solicitors have to comply with the Part II instructions relating to Transfer of Equity. These are set out in Section 16.3. First, your firm must approve the form of Transfer of Equity (which should be in the Land Registry's standard form) and, if Darlington Building Society require, the deed of covenant on their behalf. You will need to check Darlington Building Society CML Part 2 conditions to see if Darlington Building Society have standard forms of transfer and deed of covenant. Please note that this requirement can change from one transaction to another so do check! Second,When drafting or approving a transfer, you should bear in mind that: although the transfer should state that it is subject to the mortgage (identified by date and parties), it need give no details of the terms of the mortgage; the transfer need not state the amount of the mortgage debt. If it does, the figure should include both principal and interest at the date of completion, which you must check ; there should be no statement that all interest has been paid to date. Further obligations are set out in the UK Finance Lenders’ Handbook which have to be followed by all firms on the Darlington Building Society conveyancing panel

The Law Society’s CQS membership gives no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to remain on their approved list of firms. A number of Lenders now use CQS as the starting point for Panel approval such as Santander.

You need to communicate with Darlington Building Society to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an explicit section for banks to enumerate who to contact to obtain standard documents. Darlington Building Society in their Part 2’s state: Don’t forget to disclose your Darlington Building Society conveyancing panel reference.