Coventry 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. It is a unique risk management tool.

This software facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Coventry Building Society’s changes. While utilising the software is not a prerequisite for Coventry Building Society , demonstrating you can remain up to date with Coventry Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, protect your panel standing.

COMPLETIONmonitor generates 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 many firms, leads to reduced PII premiums.

Find a Law Firm approved by Coventry Building Society

Mortgage companies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Coventry 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 2008, Coventry Building Society has made 281 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 9.7 days. In total, 50% of the sections of P2 of the UK Finance Lenders’ Handbook for Coventry Building Society have been changed since 15/12/2008.

To find out more about lender panel compliance,

Book a Personalised Demo

Examples of recent questions relating to the Coventry Building Society Conveyancing Panel from members of the public

My mortgage broker has says he needs my solicitor’s panel reference for the Coventry Building Society conveyancing panel. What is the best way to find this out. I have called my local Coventry Building Society branch but they don't know it.
Have you tried speaking to your lawyer about this?. They should have a central record lender panel numbers including the Coventry Building Society panel reference.
Our conveyancer has discovered a problem with the lease for the apartment we are buying. The other side have suggested defective title insurance as a solution. We are happy with insurance and will pay for it. Our solicitor has advised that as he is on the Coventry Building Society conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or Coventry Building Society?
Just because you have a mortgage offer from Coventry Building Society does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Coventry Building Society are the client. These conveyancing instructions have to be complied with by the Coventry Building Society conveyancing panel who has to balance acting for you and Coventry Building Society
Is it necessary during the course of the conveyancing process to visit the offices of the Coventry Building Society conveyancing panel solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Newcastle so that I can pop in to their offices if required.
Whereas this was necessary ten 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 .
My lawyers in Manchester have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with Coventry Building Society. Is it case that being on the Coventry Building Society conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Coventry Building Society Conveyancing Panel Terms. It might be worth you contacting Coventry Building Society directly.
Do conveyancing solicitors on the Coventry Building Society conveyancing panel work on a no sale no fee basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
I have paid off my mortgage with Coventry Building Society. I assume I don't need a solicitor on the Coventry Building Society panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Coventry 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 Coventry Building Society mortgage from the register. Coventry 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 Coventry Building Society has sent the Land Registry the discharge electronically, and the Coventry Building Society has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your Coventry Building Society mortgage has been paid off.
My offer on house has been accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What should be my next step? When should I get the mortgage app going with Coventry Building Society?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Coventry Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Coventry Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.