Looking for information about your firm's panel status?
Teachers Building Society Solicitor Panel Assistance:
What are the Teachers Building Society conveyancing panel criteria?
Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements.
The Special Requirements state:
We do not operate a conveyancing panel
You must also comply with the terms and conditions of your Teachers Building Society solicitor panel appointment.
Will the fact that my practice has signed up to Alerts via this site help in my application to join the Teachers Building Society conveyancing panel?
The criteria to join the Teachers Building Society conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
Why has the BSA introduced differing instructions from the CML?
The Building Society Association introduced it’s Mortgage Instructions in 2010 to ensure that licensed conveyancers or solicitors on a building society conveyancing panel had full access to a complete set of standardised mortgage instructions.
Are there conditions, outside the BSA Mortgage Instructions, that a
firm should be aware of when on the Teachers Building Society
conveyancing panel?
In order to be on the Teachers 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 Teachers Building Society) are as follows:
- 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 notify us in writing of any change in your details as held on our records for example, change of address, telephone number, document exchange number email address. Notification must be given to us at least 10 days before the change will be effective.
- 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 quote on all communications with us relating to 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.
- 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.)
My practice have never been on the Teachers Building Society solicitor panel among other lenders . My clients, who have applied for a mortgage with Teachers Building Society still want me to act for them even though I am not on the Teachers Building Society panel. Is it fine for me to use a firm down the road to represent Teachers Building Society on mortgage aspect of the conveyancing?
You need to be careful here as what you are suggesting may not be acceptable to the lender.
It is possible that you (as a non-panel firm) or the mortgage applicant are not entitled 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 must appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancer.
You also need to make the costs implications and potential for delay very clear to your client.
Are figures published revealing the Teachers Building Society conveyancing panel size and the number of conveyancing firms dismissed each year?
With lenders and conveyancers working so closely together it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the Teachers Building Society conveyancing panel but for all bank panels
What lender panels do you receive the most questions about?
BSA lenders do not come within the top 20 lenders in terms of
frequency of questions. The most popular lender panels in terms of
questions are as follows:
The firm I run is a Lexcel accredited firm on the Teachers Building Society conveyancing panel. Do you have ideas as to how we can market our practice as carrying out conveyancing in Hendon who can act for the borrower and Teachers Building Society?
13 borrowers attempt to locate a property lawyer on the Teachers Building Society panel every 4 weeks in Hendon. Please contact the team at lenderpanel.com to see how your firm can be identified by those searching for conveyancing in Hendon.
Find a Lawyer on the Teachers Building Society Conveyancing Panel
powered by LenderPanel
Average number of days to register title including a charge in favour of Teachers 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 Teachers Building Society Firms
- Draft Report on Title precedent for Teachers Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Teachers Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Teachers Building Society lender panel
- Buy-to-Let help for Teachers Building Society
- Consent-to-Let help for Teachers Building Society
- Contractor Mortgages with Teachers Building Society
