Coventry Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. It is a unique risk mitigation tool.

This system facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Coventry Building Society’s changes. Even though utilising the software is not a prerequisite for Coventry Building Society , demonstrating you can stay up to date with Coventry Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, protect your firm’s panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. It is also simply to use, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Coventry Building Society

Lenders frequently change 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 284 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 9.6 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,

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Q and A’s regarding the Coventry Building Society Conveyancing Panel from members of the public

Am I correct in assuming that the fact that my conveyancer is not isted on the Coventry Building Society Conveyancing panel that there is a problem with the standard of his conveyancing?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Coventry Building Society.
Our grandson is about to exchange on a newly built flat with a mortgage from Coventry Building Society. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Coventry Building Society conveyancing panel as a standard part of the process, and to the valuer when requested.

The Developer will be required to start the process by downloading the form and completing it.

The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Coventry Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Are there any apps to help find a local solicitor on the Coventry Building Society conveyancing panel? I have a car and am prepared to travel up to 20 kilometers to meet the lawyer.
You can use the find a conveyancing panel tool on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Coventry Building Society solicitor panel.
My grandfather passed away six months ago and as sole heir and executor was left the house. The house had a small mortgage left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Coventry Building Society , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Coventry Building Society will insist on your using a conveyancer on the Coventry Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Coventry Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Coventry Building Society mortgage is registered as a charge at the Land Registry.
I previously instructed online solicitors based in Birmingham who are on the Coventry Building Society solicitor panel. They have just invoiced me a separate fee of £175 for the legal aspects of the Coventry Building Society mortgage. Is this a supplemental conveyancing fee set by Coventry Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Coventry Building Society but by your lawyers. Some firms on the Coventry Building Society will charge an ‘acting for lender’ fee and others do not.
What are the common reasons for a lender such as Coventry Building Society to withdraw a mortgage offer?
Banks and Building Societies such as Coventry Building Society can revoke their mortgage offer although this rarely happens. In the unlikely event that Coventry Building Society withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are many potential reasons but here are a number of examples:
  • If the financial circumstances of the borrower have changed to the detriment and the Coventry Building Society has been notified
  • If the borrower informs Coventry Building Society of a change in security address
  • If the borrower informs Coventry Building Society of a change in the loan amount agreed
  • Where the Lender’s right to possession is fettered in some way
  • If the solicitor on the Coventry Building Society conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Coventry Building Society ‘s instructions
We have agreed a price on a house I spoke to a conveyancer previously used by my dad and he recommended using a solicitor approved by Coventry Building Society. The estate agent recommended two local firms so I asked Coventry Building Society if the 2 suggested solicitors are approved, which they are not. Coventry Building Society suggested that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Coventry Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Coventry Building Society for conveyancing panel firms in your area. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Coventry Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Coventry Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Coventry Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.