Earl Shilton Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. COMPLETIONmonitor is a unique risk mitigation tool.

This system optimises the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Earl Shilton Building Society’s changes. Notwithstanding that utilising COMPLETIONmonitor is not a prerequisite for Earl Shilton Building Society , demonstrating you can stay up to date with Earl Shilton Building Society’s Handbook requirements is an excellent support to your panel application and, more importantly, protect your panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, leads to a PII saving.

Find a Law Firm approved by Earl Shilton Building Society

Banks and building societies 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,

Book a Personalised Demo

Recent Changes Include

# Date Assoc. Changes Related To
3.1.4 01/12/2014 CML
6.14.1a 01/12/2014 CML
6.14.1d 01/12/2014 CML
10.3 01/12/2010 CML
10.7 01/12/2010 CML
12.3.1 01/12/2010 CML
16.4.1 01/12/2010 CML
16.5.3a 01/12/2010 CML
5.13.1 01/12/2010 CML Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance
6.11.1 01/12/2010 CML Obstruction of Access Indemnity Insurance

Last update 13/07/2019

Q and A’s regarding the Earl Shilton Building Society Solicitor Panel from members of the public

What is the rationale as to why all property lawyers are not on the Earl Shilton Building Society Solicitor 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.
My husband and I changing mortgage lender for our maisonette with Earl Shilton Building Society. We have a son 19 who lives with us. The solicitor on the Earl Shilton Building Society conveyancing panel requested us to identify anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the Earl Shilton Building Society conveyancing panel as he never had to sign this form when we remortgaged 4 years ago (2) Does our son by signing this giving up his rights 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 Earl Shilton Building Society .This is solely used to protect the Earl Shilton 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 Earl Shilton 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.

What tools are available to find a local solicitor on the Earl Shilton Building Society conveyancing panel? I have a car and am prepared to travel up to 20 miles to meet the conveyancer.
You can use the find a conveyancing panel tool on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Earl Shilton Building Society solicitor panel.
Please explain the implications if my lawyer’s firm is removed from the Earl Shilton Building Society Solicitor panel in advance of completion?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
We expect to receive a DIP from Earl Shilton Building Society this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Earl Shilton Building Society recommend a solicitor on the Earl Shilton Building Society conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Earl Shilton Building Society conveyancing panel. The solicitor represents both you and the Earl Shilton Building Society through the process.
Completion of my purchase has taken place with a mortgage from Earl Shilton Building Society. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about Earl Shilton Building Society. Who do I contact should I wish to lodge a complaint?
Almost all lenders have complaints procedures. Your first port of call should be one of the Earl Shilton Building Society branches or the Customer Services Department at Earl Shilton Building Society head office. We understand that complaints to Earl Shilton Building Society are sorted out effectively and efficiently. However if you are not satisfied that the matter is resolved you can write to the Financial Ombudsman Service with full details of your complaint.
I had an offer accepted on an apartment on the 5th January 2014, valuation was booked five days later, received a clean bill of health. Conveyancer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Earl Shilton Building Society and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Earl Shilton Building Society conveyancing panel. Are Earl Shilton Building Society entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Earl Shilton Building Society to deal with your lawyers application to be on the Earl Shilton Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.