Barclays plc Conveyancing Panel Compliance

Barclays plc Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and professional indemnity insures. COMPLETIONmonitor is a unique risk management tool.

This software optimises the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with notifications given on Barclays plc’s changes. Notwithstanding that using COMPLETIONmonitor is not a condition for being on the Barclays plc panel, demonstrating you can stay up to date with Barclays plc’s Handbook requirements is an excellent support to your panel application and, just as importantly, safeguard your panel status.

The system creates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Barclays plc

Mortgage companies frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Barclays plc are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes

Since 2008, Barclays plc has made 214 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 12.8 days. In total, 39% of the sections of P2 of the UK Finance Lenders’ Handbook for Barclays plc have been changed since 15/12/2008.

To find out more about lender panel compliance,

Book a Personalised Demo

Recent Changes Include

#	Date	Assoc.	Changes Related To
6.7.4	05/10/2017	CML	New Build Conveyancing Barclays Bank as The Woolwich panel conveyancer requirements for New Build Conveyancing : will the Barclays Bank as The Woolwich proceed if the property does not have the benefit of a new home warranty scheme
16.4.1	01/06/2017	CML	Consent to Let Contact details at Barclays Bank as The Woolwich for consent to let.
16.5.2	01/06/2017	CML	Deed of Variation Contact details at Barclays Bank as The Woolwich for approved lawyers for confirming proposed deed of variation or agreement will not adversely affect Barclays Bank as The Woolwich
17.2.1a	01/06/2017	CML	Redemption Payments Where do solicitors and conveyancers send the discharge and repayment remittance in relation to Barclays Bank as The Woolwich mortgages ?
5.19.1	23/08/2016	CML	Shared Ownership and Shared Equity Contact details at Barclays Bank as The Woolwich for approved lawyers for lending on affordable housing, shared equity and shared ownership and where relevant Barclays Bank as The Woolwich requirements.
5.5.1b	01/12/2014	CML	conveyancing requirements in terms of time for building regulation consents
6.14.1a	01/12/2014	CML	contact point if property is not insured in accordance with lender requirement
6.14.1b	01/12/2014	CML	buildings insurance in joint names or lender interest noted
6.14.1c	01/12/2014	CML	buildings insurance total sum insured calculation
5.20.1	01/12/2014	CML	Solar Panels Barclays Bank as The Woolwich requirements for conveyancing panel/approved lawyers as to whether Barclays Bank as The Woolwich need to be reported to where the lease does not meet the CML minimum requirements for leases of roof space for solar PV panels

Last update 15/01/2019

Examples of recent questions relating to the Barclays - Woolwich Solicitor Panel from members of the public

For what reasons could a firm of solicitors be removed from the Barclays - Woolwich solicitor panel?

According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been excluded from a lender panel. The top reasons in order are :

lack of transactions
the lawyer is a sole practitioner
as part of the HSBC panel reduction
regulatory contact by SRA
accidental removal. We are not aware of the specific or common criteria for removal by Barclays - Woolwich

Our lawyer has requested from me ID documents stating that this forms part of his requirements as a conveyancer on the Barclays - Woolwich Solicitor panel. Can you confirm whether this is the case?

Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Barclays - Woolwich your lawyer also has to check ID documents to satisfy Barclays - Woolwich

Whilst your website is a good idea there are many lawyers listed near Manchester on the Barclays - Woolwich conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Barclays - Woolwich ?

We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..

I am selling my house. Does my solicitor have to be on the Barclays - Woolwich conveyancing panel in order to deal with paying off my mortgage?

Ordinarily, even if your lawyer is not on the Barclays - Woolwich conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.

What are the common reasons for a lender such as Barclays - Woolwich to withdraw a mortgage offer?

Banks and Building Societies such as Barclays - Woolwich can withdraw their mortgage offer although this rarely happens. should Barclays - Woolwich withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are many potential reasons but here are a few examples:

Barclays - Woolwich may amend or withdraw an offer if the Barclays - Woolwich conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied

A cashback to the buyer, or | part of the price includes a non-cash incentive to the buyer (eg paid stamp duty land tax),or | any indirect incentive (cash or non cash) or rental guarantee, of which the lender was previously unaware

Following advice from the property assessor on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion

Where the sale is not at arms length for value to unconnected persons

Where the Lender’s right to possession is fettered in some way

I have agreed a price on a house I spoke to a solicitor recommended by my uncle and he recommended retaining a law firm approved by Barclays - Woolwich. The estate agent recommended two local firms so I asked Barclays - Woolwich if the 2 suggested solicitors are approved, which they are not. Barclays - Woolwich suggested that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Barclays - Woolwich 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.

Ask Barclays - Woolwich for conveyancing panel firms in your area. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Barclays - Woolwich conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Barclays - Woolwich conveyancing panel as it may only take about 2-3 weeks. As long as they meet Barclays - Woolwich’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.

I had an offer accepted on a property on the 6th March 2014, valuation was booked 3 days later, all came back fine. Solicitor appointed, so all that was missing was my mortgage offer. Having made daily calls to Barclays - Woolwich and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Barclays - Woolwich conveyancing panel. Are Barclays - Woolwich entitled to hold back the Mortgage pending the lawyer being on the approved list?

Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Barclays - Woolwich to deal with your lawyers application to be on the Barclays - Woolwich conveyancing panel. There's no guarantee that your solicitors will be accepted.