Coventry Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. It is a unique risk mitigation tool.

This system optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Coventry Building Society’s changes. Notwithstanding that utilising COMPLETIONmonitor is not a condition for acceptance on the Coventry Building Society panel, 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, protect your firm’s panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, results in reduced PII premiums.

Find a Law Firm approved by Coventry Building Society

Banks and building societies frequently 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 237 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 11.5 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
6.7.1 23/03/2018 CML
6.4.4 05/07/2017 CML
6.7.1 21/06/2017 CML
6.7.1 25/05/2017 CML
14.2.2 08/05/2017 CML
5.14.1 07/10/2016 CML
1.14 23/08/2016 CML
14.2.2 21/03/2016 CML
5.15.2d 21/03/2016 CML
17.2.1a 18/01/2016 CML

Last update 17/01/2019

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

My IFA has has requested my solicitor’s panel member 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 cant find it on their system.
You are best placed to get this information from your conveyancing lawyer. They should have a central record lender panel numbers including the Coventry Building Society panel reference.
My partner and I intend to remortgage our flat with Coventry Building Society. We have a son 19 who lives with us. The solicitor on the Coventry Building Society conveyancing panel has asked us to disclose any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is forfeited by the lender. I have two questions (1) Is this document specific to the Coventry Building Society conveyancing panel as he never had to sign this form when we remortgaged 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Coventry Building Society .This is solely used to protect the Coventry Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Coventry Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

I have been looking for online conveyancing estimates. Can I be sure that all the practices that are identified on your website are on the Coventry Building Society conveyancing panel?
The law firms listed on our site have assured us via an online form that they are on the Coventry Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Coventry Building Society panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Coventry Building Society conveyancing panel is not accurate.
My conveyancers in Leeds have advised me that they can not locate 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?
Different lenders have different requirements 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.
We are getting a further advance on our mortgage from Coventry Building Society as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Coventry Building Society conveyancing panel to deal with the legals?
Coventry Building Society do not ordinarily instruct firms on their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Coventry Building Society panel
I'm in the throws of viewing flats and am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I I am planning to take a home loan with Coventry Building Society
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Coventry Building Society , ask your prospective lawyers check they are on the Coventry Building Society conveyancing panel otherwise they can't do the mortgage legal work.
I am due to exchange contracts on my house. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Coventry Building Society are being a right pain. The solicitor who is on the Coventry Building Society conveyancing panel is recommending indemnity insurance as a solution but Coventry Building Society are insisting on a building regulation certificate. Why do Coventry Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Coventry Building Society have referred the matter to their valuer. The reason why Coventry Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.