Dudley Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. It is a unique risk management tool.

This software assists the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Dudley Building Society’s changes. Even though utilising this technology is not a condition for being on the Dudley Building Society panel, demonstrating you can stay up to date with Dudley Building Society’s Handbook requirements is a helpful support to your panel application and, just as importantly, safeguard your panel standing.

The system creates real-time alerts, automatically produces compliance and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for many firms, results in reduced PII premiums.

Find a Law Firm approved by Dudley Building Society

Banks and building societies frequently 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 141 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 19.4 days. In total, 57% 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,

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Recent Changes Include

# Date Assoc. Changes Related To
5.20.4 05/08/2014 CML
5.14.1 27/06/2011 CML
6.14.1c 27/06/2011 CML
5.4.4 24/06/2011 CML
5.5.3d 24/06/2011 CML Lack of Planning Permission Indemnity Insurance
5.7.1a 24/06/2011 CML Flying Freehold Indemnity Insurance
10.2b 01/12/2010 CML
1.11b 01/12/2010 CML
16.3.7a 01/12/2010 CML
16.4.1 01/12/2010 CML

Last update 11/03/2019

Dudley Building Society Solicitor Panel Sample Enquires to our Call Center from members of the public

My wife and I are novices when it comes to buying a property. Within the last couple of days our solicitor has forwarded the sale agreement to sign with a detailed report with a view to exchanging next week. Dudley Building Society have this morning contacted us to advise us that they have now hit a problem as our lawyer is not on their approved list of lawyers. Please explain?
If you are buying a property with the assistance 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 property lawyers should contact Dudley Building Society and see if they can apply for membership of the Dudley Building Society conveyancing panel, but if that is not viable Dudley Building Society will instruct their own lawyers to represent them. You don't have to instruct a firm on the Dudley Building Society conveyancing panel as you are at liberty to use your preferred lawyers, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.

I am buying a brand new apartment and my conveyancer is informing me that she is duty bound to reveal incentives from the developer as her practice is on the Dudley Building Society conveyancing panel. I am nearing the developer’s deadline to sign contracts and I dont want to prolong matters. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Dudley Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Dudley Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I require the services of a Dudley Building Society panel solicitor in Belfast. Could you help me?
Unfortunately it’s not apparent why you need a Dudley Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Dudley Building Society to find out which solicitors in Dudley Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am selling my house. Does my solicitor have to be on the Dudley Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Dudley Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
We have a mortgage agreed in principle with Dudley Building Society. Solicitors have been chosen? What is the average time that one could expect to receive a mortgage offer from Dudley Building Society?
Some lenders take longer than others. Have Dudley Building Society completed the survey? Have you advised Dudley Building Society as your lawyers details and checked that your lawyer is on the Dudley Building Society conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
We were going to get a DIP from Dudley Building Society this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Dudley Building Society recommend a solicitor on the Dudley Building Society conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Dudley Building Society conveyancing panel. The solicitor represents both you and the Dudley Building Society through the process.
I have decided to exercise my right to buy my property off the council. I have a mortgage offer 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 use 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.