Tipton Coseley Building Society Conveyancing Panel Information

The Council of Mortgage Lenders do not hold duplicates of the Part 2's pre-December 2010. The CML recommend you contact Tipton Coseley Building Society directly.

The CML Part II requirements of Tipton Coseley Building Society are silent on this. Most lenders deal with 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 Tipton Coseley Building Society’s interest. To be absolutely sure of Tipton Coseley Building Society requirements in this regard please check the Terms and Conditions of Tipton Coseley Building Society’s conveyancing panel acceptance.

You might expect Tipton Coseley Building Society via their Part Two conditions to address this but the Handbook is silent on time frames. You need to look at the Terms of Tipton Coseley Building Society’s Conveyancing Panel Appointment that you are bound by. For many lender's these Terms contain a provision such as: ‘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’ It is important to keep Tipton Coseley Building Society updated. Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.

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 Tipton Coseley Building Society conveyancing panel to see if you are entitled to a reason.

It would be advisable to provide details of the date of removal, information on the reason for removal, date of appeal and any reason given for reinstatement. This should not adversely impact your firm’s application but gives the CQS team viability as to what has happened.

You should get in touch with Tipton Coseley Building Society to obtain standard documents. The The Council of Mortgage Lenders Handbook includes an express question for banks to cite who to contact to obtain standard documents. Tipton Coseley Building Society in their Part 2’s state: Always remember to quote the firm’s Tipton Coseley Building Society conveyancing panel number.