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 such as AmTrust. It is a unique risk management tool.

This system facilitates the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Coventry Building Society’s changes. Even though using 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 a helpful support to your panel application and, more importantly, safeguard your firm’s panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Coventry Building Society

Lenders often 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, over time:

A Timeline of Policy Changes


Since 2008, Coventry Building Society has made 266 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 10.3 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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Recent Changes Include

# Date Assoc. Changes Related To
6.6.1 11/07/2019 CML
16.4.2 11/04/2019 CML
17.2.1a 10/04/2019 CML
6.5.1 07/03/2019 CML
5.1.1 26/02/2019 CML
6.7.1 23/01/2019 CML
6.7.1 16/05/2018 CML
6.7.1 23/03/2018 CML
5.20.3 05/07/2017 CML
6.7.1 25/05/2017 CML

Last update 16/07/2019

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

My partner and I are novices when it comes to buying a property. Within the last couple of days our property lawyer has forwarded the sale agreement to sign with a detailed report with the expectation that exchange is imminent. Coventry Building Society have this morning contacted us to inform me that there is now an issue as our lawyer is not on their conveyancing panel. Please explain?
When purchasing a property with the benefit of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.

In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitors should contact Coventry Building Society and see if they can apply for membership of the Coventry Building Society conveyancing panel, but if that is not viable Coventry Building Society will instruct their own lawyers to represent them. You don't have to instruct a firm on the Coventry Building Society conveyancing panel and you may continue to use your own solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.

My solicitor has identified a discrepancy when comparing the assumptions in Coventry Building Society’s home valuation report and what is in the legal papers for the property. My lawyer says that as he is on the Coventry Building Society conveyancing panel he must ensure that the bank is OK with this discrepancy and is content go ahead. Is my lawyer’s course or action correct?
A precondition to being on the Coventry Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Coventry Building Society) 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 who is on the Coventry Building Society approved. Could you point me in the right direction as regards a solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Coventry Building Society . We don’t recommend any particular firm.
I am trying to get my former partner removed the mortgage deeds. Can Coventry Building Society really tell me which solicitor I can or can not instruct?
You can use any solicitor you like but Coventry 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 Coventry Building Society solicitors panel
When it comes to mortgage companies such as Coventry Building Society do solicitors have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Coventry Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Coventry Building Society your lawyer must to check the Coventry Building Society conveyancing instructions contained in the Part of CML Handbook for Coventry Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Coventry Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
It is not clear whether my mortgage offer requires a lease extension . I have telephoned Coventry Building Society on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Coventry Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 requirements for Coventry Building Society. Unless your lawyer obtains specific confirmation in writing that Coventry Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Coventry Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.