Holmesdale Building Society Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Holmesdale Building Society and to assist in remaining on the Holmesdale Building Society Solicitor Panel.

Holmesdale Building Society Solicitor Panel: Recently Asked Questions

Are Holmesdale Building Society Conveyancing panel lawyers obliged to disclose incentives?
Holmesdale Building Society’s answer to this question can be found at section 6.4.4 of their CML Part 2 requirements

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Being on the Holmesdale Building Society conveyancing panel how long am I obliged to retain the original conveyancing file?
The CML Part II requirements of Holmesdale Building Society are silent on this. Most lenders address the issue of file retention via their Terms and Conditions where they generally provide that for evidential purposes, the firm must keep the file for a minimum six years from the date of the mortgage. Data imagining is normally suitable compliance with this requirement. Many lenders point out in that it is the practice of some fraudsters to demand the conveyancing file on completion in order to destroy evidence that may later be used against them. It is therefore important to retain these documents to protect Holmesdale Building Society’s interest. To be absolutely sure of Holmesdale Building Society requirements in this regard please check the Terms and Conditions of Holmesdale Building Society’s conveyancing panel appointment.
Can you give me an example of some of the reports available via COMPLETIONmonitor to support my appeal to be reinstated on the Holmesdale Building Society solicitor panel?
There are many reports available, five of which are as follows:
  • Average mortgage advance
  • Average time frame to send deeds to the lender (calculated from completion date or title registration)
  • Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
  • Evidence of undertaking logs
  • Number of conveyancing cases by lender
Are there conditions,outside the CML Part 2 requirements, that a firm should be aware of when on the Holmesdale Building Society conveyancing panel?
In order to be on the Holmesdale Building Society conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily Holmesdale Building Society) are as follows:
  • To forward the title deeds and documents to another solicitor/conveyancer within 24 hours of an instruction from us requiring you to do so. On forwarding the deeds as instructed you will confirm to us that you have done so. Upon receipt of your confirmation, we will release you from all undertakings relating to your holding the title deeds.
  • To quote on all communications with us relating to deeds/registration issues, whether by telephone or in writing, the panel number that we provide for each practising address and the mortgage account or application number for the mortgage concerned.
  • You have the consent of all borrowers to apply for the deeds, before making any request for deeds. We will accept your request for deeds on the understanding that you have obtained such consent. If this is not the case then you should advise our Deeds Services Department in writing when you make your request
  • To carry out our instructions with reasonable care and skill, ensuring that all employees carrying out mortgage work on our behalf are qualified and competent to do so
  • To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds.)
Are there any specific Holmesdale Building Society conveyancing panel requirements relating to Transfer of Equity Conveyancing?
Holmesdale Building Society approved panel lawyers have to comply with the UK Finance Lenders’ Handbook 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 Holmesdale Building Society require, the deed of covenant on their behalf. You will need to check Holmesdale Building Society CML Part 2 conditions to see if Holmesdale 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 Holmesdale Building Society conveyancing panel
Our firm had their Holmesdale Building Society panel membership revoked but we have not yet been given an explanation yet. I am completing a CQS renewal questionnaire what information must I report?
In this situation please clarify on the application what action you have taken to find out the reasons behind cancellation of your Holmesdale Building Society panel membership. 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 informing you as to why they reached this decision?
Our practice is on the Holmesdale Building Society conveyancing panel and scheduled to complete a remortgage shortly. I can not locate a Mortgage Deed for the client to execute. Who do I contact at Holmesdale Building Society to get a duplicate Deed?
You should contact Holmesdale Building Society to obtain standard documents. The CML Handbook contains an express section for banks to enumerate who to contact to obtain standard documents. Holmesdale Building Society in their Part 2’s state:
Please remember to disclose the firm’s Holmesdale Building Society solicitors panel reference.

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Average number of days to register title including a charge in favour of Holmesdale Building Society
This information relates to purchase only and not remortgages.
YearDays*
2025 [no data]
2024 [no data]
2023 [no data]
2022 [no data]
2021 [no data]
2020 [no data]
* Data aggregated from sources including COMPLETIONmonitor