Beverley Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers. It is a unique risk management tool.

This software facilitates the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Beverley Building Society’s changes. Even though using the software is not a prerequisite for Beverley Building Society , demonstrating you can remain up to date with Beverley Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, protect your panel status.

The software generates real-time alerts, automatically produces SRA and CQS reports, and will enhance your firm's efficiency. In addition it is 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 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, frequently:

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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Beverley Building Society Conveyancing Panel Sample Enquires to our Call Center from members of the public

I have been advised by my broker that I have to pay Beverley Building Society fees should I instruct my family lawyer. How efficient are the Beverley Building Society conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH provided that they are good and reasonably priced. Are there any Beverley Building Society conveyancers you'd recommend?
Beverley Building Society’s conveyancing panel is substantial so it would be advisable to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that Beverley Building Society will allow to act for them.
We are only a couple days away from 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. Apparently, 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.
How up to date is your database of lawyers on the Beverley Building Society conveyancing panel? Do Beverley Building Society send you an updated list?
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.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Beverley Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Beverley Building Society 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.
Do conveyancing solicitors on the Beverley Building Society conveyancing panel work on a no sale no fee basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have telephoned Beverley Building Society on numerous occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Beverley Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the Beverley Building Society panel she or he must comply with the CML Handbook requirements for Beverley Building Society. Unless your lawyer obtains specific confirmation in writing that Beverley Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Beverley Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
We are are acquiring a terraced house in Hendon. Conveyancing solicitors in Hendon are about to beretained. My friendsuggested that we make sure that the solicitor in Hendon is on the Beverley Building Society approved list of lawyers. Is this right?
A limited percentage of Hendon conveyancing firms are on the Beverley Building Society conveyancing panel. Use the above search tool to locate a Hendon conveyancing solicitor on the on the Beverley Building Society solicitors pane.