Looking for information about your firm's panel status?
West Bromwich Building Society Conveyancing Panel Assistance:
What are the West Bromwich 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:
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.
An established client of mine is purchasing a new build house for
£607,500 in Brighton requiring a mortgage advance over GBP 440,000.
I am on the West Bromwich Building Society conveyancing panel but do West Bromwich Building Society have a separate approved panel when the advance is above 350k?
We only know of two or three lenders that operate a separate approved solicitors panel where the mortgage advance is over a certain level.
You should nevertheless check directly with West Bromwich Building Society. At one stage HSBC would only allow Sole practitioners to act for
them where the mortgage was below £150,000. We are not sure if HSBC
still operate such a condition. In your case it is best to check with
West Bromwich Building Society
Are there conditions, outside the BSA Mortgage Instructions, that a
firm should be aware of when on the West Bromwich Building Society
conveyancing panel?
In order to be on the West Bromwich 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 West Bromwich Building Society) are as follows:
- Without prejudice to your obligation to comply in full with the Safeguards provisions in the BSA Lenders’ Handbook, to report to us as soon as possible any suspicion that you have about the genuineness of any transaction in any respect.
- 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 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.
- 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.
- 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.
My PI renewal application this year contained the following question: ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the BSA Mortgage Instructions?’ My firm is on a number of bank panels including the West Bromwich Building Society conveyancing panel. We have Terms and Conditions of appointment which we are duty bound to comply with. Am I supposed to mention these Conditions?
The key here is the caveat ‘more onerous’.
You have to try and take an objective view as to whether the Terms relating to the West Bromwich Building Society conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the BSA Mortgage Instructions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before moving forward on this question.
Lockton’s PII renewal form enquires if my firm had been removed off any mortgage panels in the last year . I just found out that the practice is no longer on the West Bromwich Building Society solicitor panel? Is this likely to effect my PII cover?
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 West Bromwich Building Society solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.
Can the BSA assist me in an appeal having not been accepted onto the West Bromwich Building Society conveyancing panel?
If you have not been accepted or indeed been removed from the West Bromwich Building Society conveyancing panel then the BSA will not have any part to play in influencing West Bromwich Building Society in changing their mind. Please contact us here at Lexsure so that we can put you in touch with a consultant who may be able to assist. At the very least it’s worth a call to us.
The Council of Mortgage Lenders Handbook includes instructions for a property with a solar panel. West Bromwich Building Society do not seem to have any similar obligations via the BSA Mortgage Instructions. Is this right?
The BSA Mortgage Instructions don't
specifically deal with Solar Panels but it would be prudent as
approved solicitors for West Bromwich Building Society to raise the issue
with them (as you would if the UK Finance Lenders’ Handbook applied). In any event you
need to raise the appropriate questions for your buyer client.
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:
Find a Lawyer on the West Bromwich Building Society Approved Conveyancing Solicitors
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Average number of days to register title including a charge in favour of West Bromwich 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
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- CQS policy templates and procedures for accredited West Bromwich Building Society Firms
- Draft Report on Title precedent for West Bromwich Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for West Bromwich Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the West Bromwich Building Society lender panel
- Buy-to-Let help for West Bromwich Building Society
- Consent-to-Let help for West Bromwich Building Society
- Contractor Mortgages with West Bromwich Building Society
