Beverley Building Society Conveyancing Lender Panel Compliance Tool

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

This software is the only way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on Beverley Building Society’s changes. While utilising this technology is not a prerequisite for Beverley Building Society , demonstrating you can stay up to date with Beverley Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, safeguard your panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. It is also simply to use, cost-effective and, for many firms, leads to a PII saving.

Find a Law Firm approved by Beverley Building Society

Banks and building societies often vary their requirements. The BSA instructions from Beverley Building Society 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 2010, Beverley Building Society has made 25 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 109.2 days. In total, 24% of the sections of the BSA Requirements for Beverley Building Society have been changed since 26/1/2010.

To find out more about lender panel compliance,

Book a Personalised Demo

Frequently asked questions relating to the Beverley Building Society Solicitor Panel from members of the public

I am expecting a mortgage with Beverley Building Society. I hope to use a Licensed Conveyancer. Does the Beverley Building Society Conveyancing panel allow for conveyancers regulated by the CLC
Beverley Building Society’s approved solicitor list is, like many other lenders associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
can you help? My solicitor is advising me that he has to order a Local Authority search because the firm are on the Beverley Building Society conveyancing panel. The searches cost a lot of money. Can this be avoided?
You have limited options available to you. Given that you are taking out a loan with Beverley Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Beverley Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Beverley Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I am looking for online conveyancing estimates. Can I be sure that all the practices that are identified on your site are on the Beverley Building Society conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the Beverley Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Beverley Building Society panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Beverley Building Society conveyancing panel is incorrect.
I was expecting to move into my first house two days ago. My lawyer’s firm is on the Beverley Building Society conveyancing panel but has changed address in the past couple of months and had not advised Beverley Building Society of their new address. Beverley Building Society has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Beverley Building Society branch or your mortgage broker to see if they can assist.
I previously instructed online solicitors based in Manchester who are on the Beverley Building Society solicitor panel. They have just invoiced me a separate fee of £195 for the legal aspects of the Beverley Building Society mortgage. Is this an additional conveyancing fee specified by Beverley Building Society?
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 Beverley Building Society but by your lawyers. Some firms on the Beverley Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
We expect to receive a DIP from Beverley Building Society this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Beverley Building Society recommend a solicitor on the Beverley Building Society conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Beverley Building Society conveyancing panel. The solicitor represents both you and the Beverley Building Society through the process.
I have paid off my mortgage with Beverley Building Society. I assume I don't need a solicitor on the Beverley Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Beverley Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Beverley Building Society mortgage from the register. Beverley Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the Beverley Building Society has sent the Land Registry the discharge electronically, and the Beverley Building Society has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your Beverley Building Society mortgage has been paid off.