Cambridge 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. COMPLETIONmonitor is a unique risk management tool.

This system optimises the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Cambridge Building Society’s changes. Even though using this technology is not a prerequisite for Cambridge Building Society , demonstrating you can remain up to date with Cambridge Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, protect your firm’s panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by Cambridge Building Society

Mortgage companies frequently vary their requirements. The BSA instructions from Cambridge 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, Cambridge Building Society has made 34 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 80.3 days. In total, 28% of the sections of the BSA Requirements for Cambridge Building Society have been changed since 26/1/2010.

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Recent Changes Include

# Date Assoc. Changes Related To
C.12 15/05/2015 BSA
New Build Conveyancing
Cambridge Building Society panel conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
C.11 29/01/2014 BSA
Houses in Multipe Occupation
Cambridge Building Society panel conveyancer requirements where the property comes within the definition of a house in multiple occupation
C.21 29/01/2014 BSA
Easements
Cambridge Building Society requirements for conveyancing panel lawyers for lack of enforcability of necessary easements
E.1 29/01/2014 BSA
General Mortgage Instructions
Contact details at Cambridge Building Society for conveyancing panel lawyers to obtain mortgage documentation
E.10 29/01/2014 BSA
Conveyancing : retenions by mortgage company
Cambridge Building Society clarification to panel lawyers clarification as to who they release retentions (or instalments of the advance) to
A.12 29/01/2014 BSA
Conveyancing Panel
Cambridge Building Society conveyancing panel criteria
C.10 13/08/2013 BSA
Tenancy Agreements
Does Cambridge Building Society need to be sent a copy of the proposed tenancy?
D.34 13/08/2013 BSA
Leasehold Conveyancing
Cambridge Building Society approved lawyers leasehold conveyancing requirements : minimum unexpired lease term
F.9 13/08/2013 BSA
Transfer of Equity
Contact details at Cambridge Building Society for conveyancing panel lawyers for obtaining execution of transfer equity
C.12 13/08/2013 BSA
New Build Conveyancing
Cambridge Building Society panel conveyancer requirements for New Build Conveyancing : Home Warranty Schemes

Last update 06/04/2020

Examples of recent questions relating to the Cambridge Building Society Solicitor Panel from members of the public

My mortgage broker has says he needs my solicitor’s panel reference for the Cambridge Building Society conveyancing panel. How do I discover this. I have called my local Cambridge Building Society office but they have not responded to me.
You are best placed to get this information from your conveyancing lawyer. 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 Cambridge Building Society.
My fiance and I are refinancing our penthouse with Cambridge Building Society. We have a son 19 who lives with us. The solicitor on the Cambridge Building Society conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the flat is repossessed. I have two concerns (1) Is this document specific to the Cambridge Building Society conveyancing panel as he did not need to sign this form when we purchased 5 years ago (2) Does our son by signing this giving up his rights to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Cambridge Building Society .This is solely used to protect the Cambridge Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Cambridge Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Cambridge Building Society conveyancing panel. My lawyer has said that they are on the Cambridge Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Cambridge Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Cambridge Building Society solicitor panel.
I am selling my house. Does my solicitor have to be on the Cambridge Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Cambridge 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.
My wife and I have arranged a further advance on our mortgage from Cambridge Building Society as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Cambridge Building Society conveyancing panel to deal with the legals?
Cambridge Building Society would not normally appoint firms on their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Cambridge Building Society panel
Why might a lender such as Cambridge Building Society withdraw a mortgage offer?
Lenders such as Cambridge Building Society can withdraw their mortgage offer although this is unusual. should Cambridge Building Society withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are a few examples:
  • Where information comes to Cambridge Building Society ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
  • Many mortgage offers have an expiry date. Your lawyer should check this. Cambridge Building Society may amend or withdraw an offer before the end of its validation period if an offer extension is requested and following a re-evaluation of the property the value of the security is below a level which is acceptable to them.
  • A cashback to the buyer, or | part of the price includes a non-cash incentive to the buyer (eg paid stamp duty land tax),or | any indirect incentive (cash or non cash) or rental guarantee, of which the lender was previously unaware
  • If the lender reasonably believe that the applicant, borrower, mortgagor or guarantor is insolvent or is about to become insolvent or has or will have a petition presented or if any one or all enter into any arrangement with their creditors generally or if any one or all should suffer a material change in their financial circumstances
  • If the solicitor on the Cambridge Building Society conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Cambridge Building Society ‘s instructions
Can I register a complaint to Cambridge Building Society about the lawyers being on the Cambridge Building Society conveyancing panel?
There is little point in complaining directly to Cambridge Building Society. All solicitors and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.

The Legal Ombudsman will make sure that your complaint is properly dealt with by the solicitor. It can also advise you how to complain.

If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.