Looking for information about your firm's panel status?
West Bromwich Mortgage Company Solicitor Panel Information:
What are the West Bromwich Mortgage Company 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, all 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 Mortgage Company solicitor panel appointment.
Are West Bromwich Mortgage Company Conveyancing panel solicitors exposed to the possibility of the society altering or retracting the loan offer?
West Bromwich Mortgage Company ‘s answer to this question can be found at section B.3 of their BSA Mortgage Instructions which states:
Individual cases should be referred to The Processing Team for consideration where a conveyancer identifies an issue– See A.3 above for contact details
A recent SRA survey reveals that three quarters of solicitors have been removed or threatened with removal from a lender conveyancing panel. West Bromwich Mortgage Company and other building societies have restricted their panel over the years. Why?
The feeling from lenders generally (we can not speak for West Bromwich Mortgage Company specifically), is that for too long
solicitors have concentrated on their duty of care to their purchasing
client, and have paid scant attention to the duty they owe to the
lender, whom they conveniently forget is also their client.
Looking from the lenders’ perspective, it has to be said that there are pressures to encourage smaller panels. The Financial Services Authority regards the open panel system as a major contributor to mortgage fraud and negligence cases, and has been leaning on lenders to move to proactive panel management, which is more expensive the larger the panel. Hence it is becoming more common for lenders to charge fees, and/or require extensive form-filling, from would-be panel members
West Bromwich Mortgage Company and other BSA lenders are in varying stages of reviewing their approach to vetting firms on their conveyancing panels, to ensure their ongoing exposure to unsuitable firms is reduced.
Are there conditions,outside the BSA Mortgage Instructions, that a firm should be aware of when on the West Bromwich Mortgage Company conveyancing panel?
In order to be on the West Bromwich Mortgage Company 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 Mortgage Company) are as follows:
- To forward the title deeds and documents to another solicitor 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.
- 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.)
- 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.
- 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 practice have never been on the West Bromwich Mortgage Company approved panel as well other lenders . My clients, who have applied for a mortgage with West Bromwich Mortgage Company still want me to act for them even though I am not on the West Bromwich Mortgage Company panel. Is it fine for me to use a local to act for West Bromwich Mortgage Company on mortgage aspect of the conveyancing?
You need to be careful here as what you are intending may not be acceptable to the mortgage company.
It is possible that you (as a non-panel firm) or the mortgage applicant are not entitled instruct a panel firm of your choice. Lenders such as Nationwide BS make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender will 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.
I have been a sole practitioner for approximately 35 years with a clean claims history and have been refused acceptance on the West Bromwich Mortgage Company conveyancing panel with no explanation. Am I not entitled to a reason?
Participation on the lender's panel of conveyancers is at the absolute
discretion of the the lender. The days of open panels are now long
gone. Many lenders reserve the right to accept or reject any
application without giving any reason. You should check your original
application to join the West Bromwich Mortgage Company conveyancing panel
to see if you are entitled to a reason.
Can the BSA help me join the West Bromwich Mortgage Company conveyancing panel?
The BSA has no role in influencing what conveyancers West Bromwich Mortgage Company instructs. If you want to be admitted onto West Bromwich Mortgage Company conveyancing panel you should contact West Bromwich Mortgage Company directly.
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 Mortgage Company Approved Conveyancing Solicitors Solicitors
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Average number of days to register title including a charge in favour of West Bromwich Mortgage Company
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 Mortgage Company Firms
- Draft Report on Title precedent for West Bromwich Mortgage Company borrowers
- Draft Anti Money Laundering PolicyTemplate for West Bromwich Mortgage Company panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the West Bromwich Mortgage Company lender panel
- Buy-to-Let help for West Bromwich Mortgage Company
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