Co operative Bank 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. COMPLETIONmonitor is a unique risk management tool.

This software optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Co operative Bank’s changes. Notwithstanding that using the tool is not a prerequisite for Co operative Bank , demonstrating you can remain up to date with Co operative Bank’s Handbook requirements is an excellent support to your panel application and, just as importantly, safeguard your panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by Co operative Bank

Lenders frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Co operative Bank 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 2008, Co operative Bank has made 598 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 4.6 days. In total, 72% of the sections of P2 of the UK Finance Lenders’ Handbook for Co operative Bank have been changed since 15/12/2008.

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Recent Changes Include

# Date Assoc. Changes Related To
10.10 17/07/2016 CML
holding the mortgage advance
14.2.2 17/07/2016 CML
Post Completion Conveyancing
Which documents should approved lawyersfor Co operative Bank plc send the title deeds and documents following completion?
14.2.2 04/04/2016 CML
Post Completion Conveyancing
Which documents should approved lawyersfor Co operative Bank plc send the title deeds and documents following completion?
6.10.2 04/04/2016 CML
Conveyancing : retenions by mortgage company
Co operative Bank plc clarification to panel lawyers clarification as to who they release retentions (or instalments of the advance) to
6.2.1 04/04/2016 CML
Property Description
Contact details at Co operative Bank plc for approved lawyers to used where there are any discrepancies in property's description.
6.4.5 04/04/2016 CML
Full monies through the firm's account
Contact details at Co operative Bank plc for conveyancing panel lawyers were the law firm will not have control over the payment of all the purchase money.
6.7.6 04/04/2016 CML
New Build Conveyancing
Co operative Bank plc approved conveyancer requirements for New Build Conveyancing : do Co operative Bank plc need to be sent the professional consultant's certificate
6.14.1a 01/12/2014 CML
contact point if property is not insured in accordance with lender requirement
3.1.5 01/12/2014 CML
ID Documentation
Co operative Bank plc panel lawyers requirements re ID Documentation: Further acceptable documents (if any)
5.14.1 11/06/2012 CML
Leasehold Conveyancing
Co operative Bank plc approved lawyers leasehold conveyancing requirements : minimum unexpired lease term

Last update 16/11/2019

Co operative Bank Solicitor Panel Sample Enquires to our Call Center from members of the public

I need to swap lawyers as my lawyer is not on the Co operative Bank panel of conveyancing solicitors. How easy is it to change conveyancer?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
My solicitor has uncovered a difference between the surveyor’s assumptions in Co operative Bank’s home valuation survey and what is revealed within the conveyancing documents. My solicitor has advised that as he is on the Co operative Bank conveyancing panel he is duty bound to check that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s stance legitimate?
A precondition to being on the Co operative Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Co operative Bank) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I am planning to acquire a flat and need a conveyancing solicitor in Leeds who is on the Co operative Bank conveyancing. Can you recommend a local firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Co operative Bank . We don’t recommend any particular firm.
We're in Wales, First time buyers purchasing with a mortgage (lender is Co operative Bank , but our lawyer is on the Co operative Bank conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Co operative Bank conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
is it true that all solicitor practices on the Co operative Bank conveyancing panel overseen by the SRA?
As solicitors, in order to be on the Co operative Bank conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Hi, thinking about buying a house off my mate. Assuming we can agree a figure, what’s the best way to proceed? I hope to get a mortgage with Co operative Bank. Is it possible to avoid using solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Co operative Bank involved you will need to appoint a solicitor on the Co operative Bank 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 Co operative Bank. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Co operative Bank conveyancing panel.
For 5 years I had a mortgage with Co operative Bank. My godfather has just retired and wants to pay off the mortgage left on the property. After Co operative Bank is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Co operative Bank conveyancing panel? I do not intend to live at the property once the Co operative Bank mortgage is discharged.
Although you do need to retain the services of a lawyer they dont need to be on the Co operative Bank panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. As the property is your main residence you need not pay CGT but you should speak with your accountants in any event.