West Bromwich Building Society Conveyancing Panel Information

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.

West Bromwich Building Society Conveyancing Panel Information:

What are the West Bromwich Building Society conveyancing panel arrangements?
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.

Are the BSA planning on creating a search tool with a view to to identify solicitors on the West Bromwich Building Society conveyancing panel ?
We would not expect to be advised of any plans on the part of the BSA to promote such a search facility .
What sort of information are Lenders such as West Bromwich Building Society are asking for when it comes to applying to be on their approved solicitor list?
Although not necessarily published, lenders have varying criteria . We do not hold specific requirements relating to the questions raised as part of the application to be on the West Bromwich Building Society conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):
  • Automated alerting to inform lenders when there is a fundamental change to the firm e.g. change of ownership
  • House price discrepancies (declared to lender vs. registered at Land Registry)
  • Whether the firm has ever accepted instructions in respect of property clubs and investment schemes
  • Summary of annual accounts
  • Structure of firm and, where applicable, its group
  • Details of any accreditation e.g. Lexcel and/or Conveyancing Quality Scheme
  • Number of partners per branch of the firm
  • Full disciplinary history for each conveyancing solicitor
  • Number of lender conveyancing panels the firm is currently on
  • Full complaints history for each conveyancing solicitor
Who do building societies accept on their conveyancing panel?
In the same way that there is a unique West Bromwich Building Society conveyancing panel most building societies, operate a conveyancing panel for solicitors and other conveyancers that the lender will instruct. Terms and Conditions and criteria for inclusion on a building society conveyancing panel vary from lender-to-lender. Having CQS accreditation may be a requirement.

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.

My firm is on the West Bromwich Building Society conveyancing panel. I am dealing with West Bromwich Building Society mortgage on a purchase. My borrower client is asking not to disclose an issue to West Bromwich Building Society. What do I do in this conflict situation?
When a solicitor is acting for both West Bromwich Building Society and borrower there is potential for conflicts to arise. You owe duties to both clients. All information received by you from your client is confidential and cannot be disclosed without the client’s consent.

In your situation, if the purchaser will not consent to the information being passed on to the lender, the solicitor must cease to act for West Bromwich Building Society and it may well be prudent for you to cease to act for the purchaser as well. You must not inform West Bromwich Building Society of the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your West Bromwich Building Society conveyancing panel status.

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.
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:

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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.
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* Data aggregated from sources including COMPLETIONmonitor