Earl Shilton 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 such as AmTrust. COMPLETIONmonitor is a unique risk management tool.

This system is the only way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on Earl Shilton Building Society’s changes. While utilising the software is not a prerequisite for Earl Shilton Building Society , demonstrating you can remain up to date with Earl Shilton Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, safeguard your panel status.

The system generates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for many firms, leads to a PII saving.

Find a Law Firm approved by Earl Shilton Building Society

Lenders often change their requirements. The UK Finance Lenders’ Handbook requirements from Earl Shilton 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, Earl Shilton Building Society has made 158 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 17.3 days. In total, 70% of the sections of P2 of the UK Finance Lenders’ Handbook for Earl Shilton Building Society have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Earl Shilton Building Society Conveyancing Panel Recently Asked Questions from members of the public

What is the rationale as to why all UK lawyers aren't included on the Earl Shilton Building Society Conveyancing panel?
Pre- 2008 most lenders had an appetite for risk which was higher than today. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors that you are dealing with. Consequently, lenders have regularly sought more information from law firms about their operations and the individuals who work for them and set certain criteria such a completing on a minimum number of transactions. Many firms that have been excluded from lender panels have 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of volume of transactions the lenders required.
Our conveyancer has uncovered a problem with the lease for the apartment we are purchasing. The seller’s lawyers have put forward defective title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor has advised that as he is on the Earl Shilton Building Society conveyancing panel he must check that the lender is happy with this solution. Are we the client or is Earl Shilton Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Earl Shilton Building Society are the client. A precondition to being on the Earl Shilton Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Earl Shilton Building Society). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Earl Shilton Building Society can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am buying a flat and need a conveyancing solicitor in who is on the Earl Shilton Building Society conveyancing. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Earl Shilton Building Society . We don’t recommend any particular firm.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Earl Shilton Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Earl Shilton 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.
When it comes to mortgage companies such as Earl Shilton 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.
Two weeks ago we had a mortgage agreed in principle with Earl Shilton Building Society. Solicitors have been instructed? How long does it take for Earl Shilton Building Society to send the offer to our conveyancer
Some lenders take longer than others. Have Earl Shilton Building Society completed the survey? Have you advised Earl Shilton Building Society as your lawyers details and checked that your lawyer is on the Earl Shilton Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
Completion of my remortgage has taken place with a mortgage from Earl Shilton Building Society. Conveyancing was of an acceptable standard but I would like to complain about Earl Shilton Building Society. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the Earl Shilton Building Society branches or the Customer Care Team at Earl Shilton Building Society head office. We understand that complaints to Earl Shilton Building Society are resolved effectively and efficiently. However if you are not satisfied that the matter is resolved you can write to the Financial Ombudsman Service who will take matters further.