Beverley Building Society 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. COMPLETIONmonitor is a unique risk management tool.

This software optimises the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on Beverley Building Society’s changes. Notwithstanding that using the software is not a condition for acceptance on the Beverley Building Society panel, demonstrating you can stay up to date with Beverley Building Society’s Handbook requirements is a helpful support to your panel application and, just as importantly, protect your panel standing.

The system creates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Beverley Building Society

Banks and building societies frequently 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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Beverley Building Society Conveyancing Panel Sample Enquires to our Call Center from members of the public

I have just been informed by my IFA that my solicitor is not on the Beverley Building Society Solicitor panel. How can I check?
The best course of action for you to take is to contact your conveyancer. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the the approved Beverley Building Society solicitor panel.
Please help. My lawyer is assuring me that she is duty-bound to apply for a Local Authority search stemming from the fact that the firm are on the Beverley Building Society approved lawyer panel. Do I not have a choice here?
You have limited options available to you. As you are taking a mortgage 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.
Do all the firms listed on your directory have online case tracking as I understood that this was a condition of being on the Beverley Building Society solicitor panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
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 most lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Beverley Building Society conveyancing panel requirements are different to Beverley Building Society’s conveyancing panel requirements.
My husband and I are spending time viewing houses and am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I I am planning to take a home loan with Beverley Building Society
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Beverley Building Society , make sure you remember to check that your lawyer is on the Beverley Building Society conveyancing panel.
Beverley Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Beverley Building Society or your broker and complete any relevant paperwork. Beverley Building Society will tell you what documents they want. Beverley Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Beverley Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.