Looking for information about your firm's panel status?
Ecology Building Society Conveyancing Panel: Recently Asked Questions
Do Ecology Building Society or the Council of Mortgage Lenders run CPD seminars for the
Ecology Building Society approved solicitor panel in much the same way that the Law Society run cases for CQS firms?
This not something that the CML would traditionally get involved with but they do arrange numerous general legal related conferences which are attended by firms on the Ecology Building Society conveyancing panel. It is our intention to run specific lender focused seminars in the coming months including a webinar on Ecology Building Society’s Part 2 obligations. Practitioners on the Ecology Building Society conveyancing panel will be invited. Information about the webinar will be made available as part of the LENDERmonitor P2 change Notifications.
Ecology Building Society wants me to represent them alone on a residential conveyancing matter , using the CML Lender’s Handbook. The borrower has his own solicitor (not on the
Ecology Building Society conveyancing panel) How will this work and are there different requirements from Ecology Building Society in this circumstance?
The CML, together with
Ecology Building Society and other members developed a standard set of instructions where a solicitor is acting for a lender such as Ecology Building Society alone in a residential conveyancing matter.
These requirements are contained at Part III of the UK Finance Lenders’ Handbook and are to be read in conjunction with Parts 1 & 2.
The CML have published an example requirements letter to the borrower’s lawyer 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.
Is there a standard appeals process to prevent solicitors from being unfairly removed them from lender conveyancing panels?
We have come across many solicitors who feel they have been removed from lenders’ panels without an explanation or a good
reason. It is highly unlikely, given that lenders have distanced
themselves from creating a standardised appeals process for
brokers, that an appeals process will be introduced for
lawyers. Commenting on the call by brokers to have a standardised
process the CML said’ “While we understand that some lenders do have
an appeals process, it would not be appropriate for a trade body such
as the CML to seek to be prescriptive about such a process.” Some
lenders do of course set out an appeals policy. The Law Society does
have information on it’s site that may be of assistance. If you would
like to talk to one of our compliance experts about our Lender Panel
Protection Service please contact us.
Are the Council of Licensed Conveyancers taking any action to protect licensed conveyancers from being removed from lender panels?
The Council of Licensed Conveyancers has entered discussions with banks and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than via ad hoc arrangements that can differ from lender to lender. It is likely that that the CLC have been in touch with lenders such as
Ecology Building Society in the recent past.
Can you give me an example of some of the reports available via COMPLETIONmonitor to support my appeal to be reinstated on the Ecology Building Society solicitor panel?
There are many reports available, five of which are as follows:
- Average mortgage advance
- Evidence of undertaking logs
- Buy to Let transactions
- Number of conveyancing cases by lender
- Current and historic missed priority dates
We had our Ecology Building Society panel membership suspended but we have not yet been given a reason as to why.
I am completing a CQS renewal form what information do I need to report?
In the circumstances please explain on the application what steps you have taken to discover the reasons behind cancellation of your
Ecology Building Society panel status.
In particular please provide details if you have received communications from the lender. E.G. before cessation of your panel membership did you receive any letters or calls from the lender advising you as to their reasons?
Our practice is on the
Ecology Building Society
conveyancing panel and scheduled to complete a remortgage shortly. I can not locate a Mortgage Deed for the client to sign.
Who do I contact at Ecology Building Society to get a duplicate Deed?
You would be advised to contact Ecology Building Society
to obtain standard documents. The CML Handbook includes a specific inquiry for lenders to establish who to contact to obtain standard documents.
Ecology Building Society in their Part 2’s state:
You will need to disclose the firm’s Ecology Building Society solicitors panel reference.
Find a Lawyer on the Ecology Building Society Conveyancing Panel
powered by LenderPanel
Average number of days to register title including a charge in favour of Ecology 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 Ecology Building Society Firms
- Draft Report on Title precedent for Ecology Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Ecology Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Ecology Building Society lender panel
- Buy-to-Let help for Ecology Building Society
- Consent-to-Let help for Ecology Building Society
- Contractor Mortgages with Ecology Building Society
