Beverley Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk mitigation tool.

This system assists the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Beverley Building Society’s changes. While using COMPLETIONmonitor is not a prerequisite for Beverley Building Society , demonstrating you can stay up to date with Beverley Building Society’s Handbook requirements is an excellent support to your panel application and, just as importantly, protect your firm’s panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces SRA and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for many firms, results in a PII saving.

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Mortgage companies frequently 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.

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Q and A’s regarding the Beverley Building Society Conveyancing Panel from members of the public

My financial adviser has says he needs my solicitor’s panel reference for the Beverley Building Society conveyancing panel. What is the best way to find this out. I have contacted my local Beverley Building Society office but they cant find it on their system.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Beverley Building Society.
We are approaching an exchange and my mum and dad having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this 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 home loan so is it really necessary for him to raise this?
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.
Do I need to visit the offices of the Beverley Building Society conveyancing panel solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Newcastle so that I can attend their offices if necessary.
As opposed to twenty years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Newcastle .
I am selling my house. 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.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Beverley Building Society conveyancing panel?
A selection of lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
Can I be sure that the solicitor on the Beverley Building Society panel is any good?
obtaining recommendations is a good starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor carrying out your transaction
I have today made my last payment due on 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. Please confirm
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.