Swansea Building Society Conveyancing Panel Information

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

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How does my firm apply to be on the Swansea Building Society Solicitor Panel?

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How can my firm be reinstated onto the Swansea Building Society Solicitor Panel?

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Swansea Building Society Solicitor Panel: Recently Asked Questions

I am on the Swansea Building Society conveyancing panel. Can I get an archived copy of a Swansea Building Society Part 2 from the CML?

The Council of Mortgage Lenders do not maintain historic copies of P2 requirements pre-December 2010. We would recommend you make a request of Swansea Building Society directly.

Is it true that the Law Society has advised that firms check their status on the Swansea Building Society conveyancing panel?

The Law Society of Scotland has suggested that solicitors should check their panel status with lenders prior to accepting client instructions to act. The advice is lender-agnostic as it does not relate specifically to solicitors on the Swansea Building Society conveyancing panel. The recommendation arises from the practice of a number of mortgage lenders who remove solicitors from their panels without prior notice as part of their panel management system, which can lead to some solicitors discovering this only once instructed. This is sensible advice as a client finding out midway through a transaction that their lawyer is not on the approved lender panel is very frustrating and can lead to complaints. Many online consumer forums contain posts where someone is complaining about finding that their lawyer is not on a lender conveyancing panel. Such forums include mumsnet.com

Can you give me an example of some of the reports available via COMPLETIONmonitor to support my application to be on the Swansea Building Society conveyancing panel ?

There are many reports available, five of which are as follows:

Average time frame to register charges at the Land Registry
Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
Average time frame to send deeds to the lender (calculated from completion date or title registration)
Buy to Let transactions
Number of conveyancing cases by lender

My post-completion clerk has resigned on short notice. I urgently need to prioritise making sure that charges are registered. That said, how quickly do I need to send deeds to Swansea Building Society once the charge is registered before my firm runs the risk of being suspended off the conveyancing panel for Swansea Building Society?

Swansea Building Society will likely expect the deeds to be sent to them within 10 days of you receiving the TID (unless their specific P2 requirements specifically state that they you are not to send them anything). Most COTs refer to complying with the Certificate of Title referred to in IB (3.7) of the SRA Code of Conduct 2011, published by the Law Society which states that you ‘will despatch to you such deeds and documents relating to the Property as you require with a list of them in the form prescribed by you within ten working days of receipt by us of the title information document from the Land Registry’ As to whether the lender will suspend your panel status this very much varies according to the lender’s own internal policies The more cases you have the more risk you face. Some lenders may take action if there records show that the deeds are outstanding for more than 3 matters. The fact is that if you keep within the time frame then you will have more chance of remaining on the Swansea Building Society conveyancing panel.

Are figures published disclosing the Swansea Building Society conveyancing panel size as well as the number of conveyancing firms dismissed each quarter?

With banks and conveyancers working so closely together it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the Swansea Building Society conveyancing panel but for all bank panel listings

Marsh’s PI Insurance renewal form enquires if my firm had been excluded from any mortgage panels in the last year. I just found out that the firm is no longer on the Swansea Building Society solicitor panel? Is this likely to effect my PII premium?

Your insurance brokers are your best port of call to address this question. 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.

I am on the Swansea Building Society conveyancing panel and due to complete a purchase within the next few weeks. I dont have a Legal Charge for the client to execute. Who do I contact at Swansea Building Society to get a duplicate Deed?

You would be advised to communicate with Swansea Building Society to obtain standard documents. The The Council of Mortgage Lenders Handbook includes a specific question for lenders to establish who to contact to obtain standard documents. Swansea Building Society in their Part 2’s state:

It helps to disclose the firm’s Swansea Building Society solicitors panel reference.

Find a Lawyer on the Swansea Building Society Solicitor Panel

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*
2024	[no data]
2023	[no data]
2022	[no data]
2021	[no data]
2020	[no data]
2019	[no data]

* Data aggregated from sources including COMPLETIONmonitor

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