West Bromwich Building Society Conveyancing Panel Information
BSA Designator: West Bromwich Building Society
Jurisdiction: England and Wales
The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by West Bromwich Building Society and to assist in remaining on the West Bromwich Building Society Approved Conveyancing Solicitors.
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West Bromwich Building Society Solicitor Panel Assistance:
Generally, Firms must have at least two Partners however all Firms wishing to be admitted to the conveyancing panel should contact Mortgage Deeds Administration Department in the first instance - See E.33 below for contact details.
You must also comply with the terms and conditions of your West Bromwich Building Society solicitor panel appointment.
- Automated alerting to inform lenders when there is a fundamental change to the firm e.g. new disciplinary action
- Full complaints history for each conveyancing solicitor
- Number of partners per branch of the firm
- Structure of firm and, where applicable, its group
- Full disciplinary history for each conveyancing solicitor
- Whether the firm has ever accepted instructions in respect of property clubs and investment schemes
- Details of any accreditation e.g. Lexcel and/or Conveyancing Quality Scheme
- Number of lender conveyancing panels the firm is currently on
- Summary of annual accounts
- House price discrepancies (declared to lender vs. registered at Land Registry)
- To be responsible for the reconstitution of the title deeds (whether the title is registered or unregistered, at your own cost), where any deeds in your possession, or were last known to be in your possession, go missing.
- That any deeds you borrow from us in connection with the personal mortgage of a partner or director at your firm must be requested by a partner or director other than the partner or director concerned and the transaction must be handled by that other partner or director. If you are a sole practitioner and require the loan of deeds in connection with your own mortgage, you must nominate a different firm on our panel to request the deeds and handle the transaction.
- To forward the title deeds and documents to another conveyancer within 24 hours of an instruction from us requiring you to do so. On forwarding the deeds as instructed you will confirm to us that you have done so. Upon receipt of your confirmation, we will release you from all undertakings relating to your holding the title deeds.
- If you are a sole practitioner, to arrange for appropriate locum cover from our panel where necessary. Your locum must be a member of the Conveyancing panel.
- 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.
Institutional lenders, such as a building society, is a client and is entitled to instruct the solicitor or conveyancer of its choosing (who, in turn, is free to accept or refuse instructions). Therefore, if lender and borrower cannot agree which solicitor or conveyancer should represent them jointly, they would usually proceed on a separate representation basis.
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Recent Changes Include
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Last update 14/07/2019