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 PI insurers such as AmTrust. It is a unique risk management tool.

This system facilitates the 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. Even though utilising COMPLETIONmonitor is not a prerequisite for Beverley Building Society , demonstrating you can remain up to date with Beverley Building Society’s Handbook requirements is a helpful support to your panel application and, more importantly, safeguard your firm’s panel standing.

The software generates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for many firms, results in reduced PII premiums.

Find a Law Firm approved by Beverley Building Society

Lenders often change 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,

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FAQs for the Beverley Building Society Conveyancing Panel from members of the public

My lawyer is not listed on the Beverley Building Society Conveyancing Panel. Can I still continue with my family solicitor notwithstanding that they are excluded from the Beverley Building Society approved list?
You have a number of options available to you here:
  1. Complete the purchase with your preferred solicitors but Beverley Building Society will need to instruct a lawyer on the Beverley Building Society conveyancing panel. This will result in additional cost and potential delay.
  2. Get a new solicitor to act in the purchase, obviously checking they are on the Beverley Building Society conveyancing panel.
  3. Urge your lawyer to apply to join the Beverley Building Society lender panel
We are nearing an exchange and my mum and dad having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Beverley Building Society. I am advised that, being on the Beverley Building Society conveyancing panel and acting on their behalf he must inform Beverley Building Society if the balance of the mortgage advance is coming from anyone other than me. I advised the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with Beverley Building Society to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Beverley Building Society if you agree, failing which, your lawyer must cease to continue acting.
Are the lawyers identified as being on the Beverley Building Society conveyancing panel, together with their details provided by Beverley Building Society?
The firms themselves provide us confirmation that they are on the Beverley Building Society conveyancing panel as opposed to being supplied with a list from Beverley Building Society directly.
We're in Liverpool, First time buyers buying with a mortgage (lender is Beverley Building Society , but our solicitor is on the Beverley Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Beverley Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
When it comes to mortgage companies such as Beverley Building Society do solicitors have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I have a mortgage with Beverley Building Society. My godfather has just retired and wants to pay off the mortgage left on the property. After Beverley Building Society is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Beverley Building Society conveyancing panel? I do not intend to live at the property once the Beverley Building Society mortgage is discharged.
You will need a solicitor but they need not be on the Beverley Building Society conveyancing panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. As the property is your main residence you need not pay CGT but you should speak with your accountants in any event.
I have instructed a lawyer having made sure that they are on the Beverley Building Society conveyancing panel. Does my lawyer arrange the survey of the property? Or I've digested plenty of house buying,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the Beverley Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Beverley Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Beverley Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Beverley Building Society you could contact your them to see if they have a list of approved surveyors.