Dudley Building Society Conveyancing Panel Information

The CML, together with Dudley Building Society and other lenders developed a standard set of requirements where a solicitor is acting for a lender such as Dudley Building Society alone in a residential conveyancing matter. These obligations are contained at Part 3 of the UK Finance Lenders’ Handbook and are to be followed in conjunction with Sections One and Two. The CML have published an example requirements letter to the borrower’s conveyancer for use by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel solicitor.

Many estate agents will be feeling the pain if their clients start out on the conveyancing process having appointed a solicitor who is not on the panel with the purchaser’s chosen lender. Many conveyancing firms are only discovering when they begin working on a case that they are no longer able to work with that lender. Given the inevitable resultant delays in the transaction the chances of an abortive deal increases dramatically. in the circumstances there is understandable anguish on the part of the estate agent as a result of the lost time should the client have to change lawyers.

Although not necessarily published, lenders have varying criteria . We do not hold specific requirements relating to the questions raised as part of the application to be on the Dudley Building Society conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

Number of lender conveyancing panels the firm is currently on

List of all those staff who work within the conveyancing team

The percentage of the firm’s business which is conveyancing (broken down into sale

Full complaints history for each licensed conveyancer

Full disciplinary history for each licensed conveyancer

List of fee-earners who are foreign qualified

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

Number of partners per branch of the firm

Whether any lender has ever made a claim against the firm’s PII cover

Areas of Law covered by the firm

With lenders and solicitors 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 Dudley Building Society conveyancing panel but for all lender panel listings

You should provide details of the date of removal, information on the reason for removal, date of appeal and any reason given for reinstatement. This should not adversely impact your application but gives the CQS team viability as to what has gone on.

You need to get in touch with Dudley Building Society to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates a specific question for banks to cite who to contact to obtain standard documents. Dudley Building Society in their Part 2’s state: Don’t forget to disclose your Dudley Building Society conveyancing panel number.