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Cambridge Building Society Conveyancing Lender Panel Compliance Tool

Looking for information about your firm's panel status?

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How can my firm apply to be on the Cambridge Building Society Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the Cambridge Building Society Conveyancing Panel?
Check your firm’s panel Status

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. It is supported by PI insurers such as AmTrust. It is a unique risk management tool.

This software optimises the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Cambridge Building Society’s changes. While using this technology is not a condition for acceptance on the Cambridge Building Society panel, demonstrating you can stay up to date with Cambridge Building Society’s Handbook requirements is an excellent support to your panel application and, more importantly, safeguard your firm’s panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by Cambridge Building Society

Mortgage companies often 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, frequently:

A Timeline of Policy Changes


Since 2010, Cambridge Building Society has made 75 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 36.4 days. In total, 50% of the sections of the BSA Requirements for Cambridge Building Society have been changed since 26/1/2010.

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Cambridge Building Society Conveyancing Panel Example Support Desk Enquires from members of the public

I would like to know the reason why all solicitors are not on the Cambridge Building Society Solicitor panel?
Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year. The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to banks and building societies purging less reputable firms off their books
I am purchasing a newly constructed apartment and my conveyancer is telling me that she has to reveal incentives from the seller as her practice is on the Cambridge Building Society conveyancing panel. I am nearing the developer’s deadline to exchange contracts and my preference is not to delay the conveyancing. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Cambridge Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Cambridge Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Your search tool is useful but there are many lawyers listed near Hackney on the Cambridge Building Society conveyancing panel. Can you recommend a specific firm on the Cambridge Building Society approved panel?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I would like to get my former partner removed the mortgage deeds. Can Cambridge Building Society really tell me which solicitor I can or can not use?
You can use any solicitor you like but Cambridge Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Cambridge Building Society solicitors panel
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to move forward? I hope to get a mortgage with Cambridge Building Society. Is it possible to avoid using solicitors to save on the costs? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Cambridge Building Society involved you will need to appoint a solicitor on the Cambridge Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Cambridge Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Cambridge Building Society conveyancing panel.
In what circumstances might Cambridge Building Society amend or withdraw their mortgage offer?
Banks and Building Societies such as Cambridge Building Society can withdraw their mortgage offer although this rarely happens. 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:
  • 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.
  • If the borrower informs Cambridge Building Society of a change in security address
  • Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
  • Where the sale is not at arms length for value to unconnected persons
  • Where the Lender’s right to possession is fettered in some way
My husband and I are purchasing a flat in Hendon. Conveyancing solicitors in Hendon will soon beappointed. My colleaguesuggested that we double-check that the conveyancer in Hendon is on the Cambridge Building Society panel. Is this really necessary?
A limited percentage of Hendon conveyancing firms are on the Cambridge Building Society conveyancing panel. 7 people a month use our search tool to find a Hendon conveyancing lawyer on the on the Cambridge Building Society list of approved conveyancing firms.

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