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 Council of Mortgage Lenders and PI insurers. It is a unique risk management tool.

This system facilitates the way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with automatic updates on Barclays plc’s changes. While using this technology is not a condition for acceptance on the Barclays plc panel, demonstrating you can stay up to date with Barclays plc’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, safeguard your firm’s panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. It is also simply to use, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Barclays plc

Banks and building societies frequently vary 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, frequently:

A Timeline of Policy Changes

Since 2008, Barclays plc has made 253 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 10.8 days. In total, 51% 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,

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Barclays - Woolwich Conveyancing Panel Recently Asked Questions from members of the public

My partner and I are first time buyers. Within the 48 hours our conveyancer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Barclays - Woolwich have this afternoon contacted us to inform me that they have now hit a problem as our solicitor is not on their conveyancing panel. Is this a problem?
When purchasing a property with the benefit of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.

In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyers should contact Barclays - Woolwich and see if they can apply for membership of the Barclays - Woolwich conveyancing panel, but if that is not viable Barclays - Woolwich will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the Barclays - Woolwich conveyancing panel and you may continue to use your own solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.

Our nephew is purchasing a new build apartment with a mortgage from Barclays - Woolwich. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Barclays - Woolwich conveyancing panel as a standard part of the process, and to the surveyor when requested.

The Developer will be required to start the process by downloading the form and completing it.

The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Barclays - Woolwich conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

How up to date is your database of lawyers on the Barclays - Woolwich conveyancing panel? Do Barclays - Woolwich send you an updated list?
The firms themselves provide us confirmation that they are on the Barclays - Woolwich conveyancing panel as opposed to being supplied with a list from Barclays - Woolwich directly.
I would like to get my ex-husband taken off the mortgage deeds. Can Barclays - Woolwich really tell me which solicitor I can or can not retain?
You can use any solicitor you like but Barclays - Woolwich then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Barclays - Woolwich solicitors panel
I previously instructed online conveyancers located in Cardiff who are on the Barclays - Woolwich solicitor panel. They are now charging me a separate fee of £150 for the legal aspects of the Barclays - Woolwich mortgage. Is this an additional conveyancing fee set by Barclays - Woolwich?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Barclays - Woolwich but by your lawyers. Some firms on the Barclays - Woolwich will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
The mortgage over my property is with Barclays - Woolwich. Conveyancing was finalised months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays - Woolwich?
You must advise Barclays - Woolwich prior to renting your property as this is likely to be a breach of Barclays - Woolwich’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barclays - Woolwich directly. It should not be necessary to do this via a Barclays - Woolwich conveyancing panel solicitor.
My ex -wife’s name is on the Barclays - Woolwich mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Barclays - Woolwich mortgage in order to sell?
In terms of the Barclays - Woolwich mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Barclays - Woolwich in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.