Dudley Building Society Conveyancing Lender Panel Compliance Tool

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Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and professional indemnity insures. It is a unique risk management tool.

This system optimises the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on Dudley Building Society’s changes. Notwithstanding that utilising the tool is not a prerequisite for Dudley Building Society , demonstrating you can stay up to date with Dudley Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, safeguard your firm’s panel status.

The system creates real-time alerts, automatically produces regulatory 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 Dudley Building Society

Mortgage companies often change their requirements. The UK Finance Lenders’ Handbook requirements from Dudley 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, Dudley Building Society has made 175 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 15.6 days. In total, 59% of the sections of P2 of the UK Finance Lenders’ Handbook for Dudley Building Society have been changed since 15/12/2008.

To find out more about lender panel compliance,

Common questions asked concerning the Dudley Building Society Solicitor Panel from members of the public

I am progressing with the sale of my flat and the estate agent has just e-mailed to warn that the buyers are appointing a new law firm. I am told that this is due to the fact that Dudley Building Society will only work with property lawyers on their approved list. Why would a leading lender only engage with specific lawyers?
Lenders have always had panels of law firms they are willing to work with, but in the past few years big names such as Lloyds Banking Group, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 25 years.

Banks blame a rise in fraud as the reason for the cull – criteria have been tightened and a smaller panel should be easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels, or have other concerns about them. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyer’s case. Your purchasers are unlikely to have any sway in the decision.

Our conveyancing solicitor has informed me that he requires personal identification documents asserting that this forms part of his retainer as a solicitor on the Dudley Building Society Conveyancing panel. Can this be correct?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Dudley Building Society your lawyer also has to check ID documents to satisfy Dudley Building Society
I see that you have a post code search directory identifying law firms on the Dudley Building Society conveyancing panel. Do firms pay you a commission if I appoint them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Dudley Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
The solicitors that I appointed last week on my purchase in Newcastle has suddenly shut down. I chose them because I needed a solicitor on the Dudley Building Society conveyancing panel and my preferred lawyer was not. I gave them a cheque for £150 in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Dudley Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with Dudley Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Dudley Building Society you will need to appoint a solicitor on the Dudley Building Society conveyancing panel.
I am due to exchange contracts on my house. I had a double glazing fitted in month 6 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Dudley Building Society are being difficult. The solicitor who is on the Dudley Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Dudley Building Society are requiring a building regulation certificate. Why do Dudley Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Dudley Building Society have referred the matter to their valuer. The reason why Dudley 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.
Me and my partner are taking a long lease of a garden flat in Hendon. Conveyancing solicitors in Hendon will soon beappointed. My fatheradvised that we check that the conveyancing practitioner in Hendon is on the Dudley Building Society approved list of lawyers. Surely I don't need to do this, do I?
Far from all Hendon conveyancing practices are on the Dudley Building Society conveyancing panel. Click here to search for a Hendon conveyancing lawyer on the on the Dudley Building Society solicitors pane.

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