Saffron Building Society Conveyancing Panel Information

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

Saffron Building Society Solicitor Panel: Recently Asked Questions

Will the fact that my practice receives Alerts via this site assist in my application to join the Saffron Building Society conveyancing panel?
The requirements to join the Saffron Building Society conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.

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Can you give me an example of some of the reports available via COMPLETIONmonitor to support my appeal to be reinstated on the Saffron Building Society solicitor panel?
There are many reports available, five of which are as follows:
  • Buy to Let transactions
  • Number of conveyancing cases by lender
  • Average time frame to send deeds to the lender (calculated from completion date or title registration)
  • Average time frame to register charges at the Land Registry
  • The percentage of the firm’s business which is conveyancing (broken down into sale/purchase and remortgage)
Do banks such as Saffron Building Society engage an independent conveyancing panel for buy to let mortgages?
The majority of lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with Saffron Building Society as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Saffron Building Society we suggest that you call Saffron Building Society to check the position.
In conducting leasehold due diligence do Saffron Building Society conveyancing panel lawyers need to examine whether there is a missing freeholder?
Given that your practice in is on the Saffron Building Society conveyancing panel and you are acting for them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If Saffron Building Society are to lend, they may require indemnity insurance. In any event,you will need to check Saffron Building Society’s specific requirements. Notwithstanding whether Saffron Building Society will lend in such circumstances you still need to advise the borrower (unless you are acting for Saffron Building Society alone) as to the risks of buying a property with an insolvent or absentee freeholder.
St Giles’ PII renewal form enquires if my firm had been excluded from any mortgage panels in the last 12 months. I just found out that the practice is no longer on the Saffron Building Society solicitor panel? Will that impact my PII premium?
The best placed professionals to answer this question are your insurance brokers. The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for Saffron Building Society solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.
My firm is listed on the Saffron Building Society conveyancing panel and all set to complete a remortgage within the next few weeks. I dont have a Mortgage Deed for the client to execute. Who do I contact at Saffron Building Society to request substitute deeds?
You need to contact Saffron Building Society to obtain standard documents. The CML Handbook contains an explicit inquiry for banks to reveal who to contact to obtain standard documents. Saffron Building Society in their Part 2’s state:
It is likely that you will need to quote the firm’s Saffron Building Society conveyancing panel number.

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Average number of days to register title including a charge in favour of Saffron Building Society
This information relates to purchase only and not remortgages.
YearDays*
2024 [no data]
2023 [no data]
2022 [no data]
2021 [no data]
2020 [no data]
2019 [no data]
* Data aggregated from sources including COMPLETIONmonitor