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Swansea Building Society Conveyancing Panel: Recently Asked Questions
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.
My firm is not on the
Swansea Building Society conveyancing panel as well other banks.
My clients, who have applied for a mortgage with Swansea Building Society wish use my firms conveyancing services regardless of the fact that we are not on the
Swansea Building Society panel. Am I doing anything wrong is suggesting to my client that they use a firm down the road to act for
Swansea Building Society on mortgage aspect of the conveyancing?
Please tread carefully here as what you are suggesting may not be acceptable to the mortgage company.
It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. Many lenders make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender will appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancing firm.
You also need to make the costs implications and potential for delay very clear to your client.
I have been a qualified solicitor for approximately 25 years enjoy an unblemished record and have been refused acceptance on the
Swansea Building Society conveyancing panel with no explanation. Am I not entitled to to know why?
For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the
Swansea Building Society conveyancing panel to see if you are entitled to a reason.
When in comes to leasehold conveyancing do
Swansea Building Society conveyancing panel lawyers have to examine whether there is an insolvent landlord?
Given that your firm in is on the
Swansea 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
Swansea Building Society are to lend, they may require indemnity insurance. In any event,you will need to check
Swansea Building Society’s specific requirements. Notwithstanding whether
Swansea Building Society will lend in such circumstances you still need to advise the borrower (unless you are acting for
Swansea Building Society alone) as to the risks of buying a property with an insolvent or absentee freeholder.
JLT’s PI Insurance renewal form questions if my practice had been removed off any mortgage panels in the last year.
I just discovered that the firm is no longer on the
Swansea Building Society conveyancing panel? Will that impact my insurance?
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 Swansea 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
Swansea Building Society
conveyancing panel and due to complete a purchase within the next few weeks. My file does not contain a Mortgage Deed for the client to sign.
Who do I contact at Swansea Building Society to request substitute deeds?
You need to get in touch with Swansea Building Society
to obtain standard documents. The CML Handbook contains a specific question for banks to set out who to contact to obtain standard documents.
Swansea Building Society in their Part 2’s state:
You will need to disclose your Swansea Building Society solicitors panel reference.
Find a Lawyer on the Swansea Building Society Solicitor Panel
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Average number of days to register title including a charge in favour of Swansea Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
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