Earl Shilton Building Society Conveyancing Lender Panel Compliance Tool

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

This software is the only way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on Earl Shilton Building Society’s changes. Notwithstanding that utilising the tool 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 a helpful support to your panel application and, just as importantly, protect your panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, results in a PII saving.

Find a Law Firm approved by Earl Shilton Building Society

Banks and building societies often vary 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, frequently:

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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Recent Changes Include

# Date Assoc. Changes Related To
5.14.1 01/12/2014 CML
6.14.4 04/02/2014 CML
5.20.4 23/09/2013 CML
1.11b 01/12/2010 CML
16.3.7b 01/12/2010 CML
3.1.6 01/12/2010 CML
5.13.1 01/12/2010 CML Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance
5.15.2c 01/12/2010 CML
5.19.1 01/12/2010 CML
5.8.1 01/12/2010 CML

Last update 11/09/2019

Earl Shilton Building Society Conveyancing Panel Example Support Desk Enquires from members of the public

Can you please explain the reason why all property lawyers are not on the Earl Shilton Building Society Solicitor panel?
As unjust as it may seem for Earl Shilton Building Society to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Earl Shilton Building Society are limiting their panel of approved conveyancing lawyers to a size that they are happy to control. The Earl Shilton Building Society solicitor panel is not the most restricted
Our solicitor has uncovered a legal deficiency with the lease for the property we are purchasing. The seller’s lawyers have offered title insurance as a solution. We are happy with insurance and will pay for it. Our solicitor says that as he is on the Earl Shilton Building Society conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Earl Shilton Building Society?
Just because you have a mortgage offer from Earl Shilton Building Society does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Earl Shilton Building Society are the client. The appropriate lender requirements have to be complied with by the Earl Shilton Building Society conveyancing panel who has to balance acting for you and Earl Shilton Building Society
I am planning to acquire a house and require a conveyancing solicitor in Leeds who is on the Earl Shilton Building Society conveyancing. Could you point me in the right direction as regards a 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.
I am selling my house. 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.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Earl Shilton Building Society conveyancing panel?
Some major lenders now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
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.
I have instructed a lawyer having made sure that they are on the Earl Shilton Building Society conveyancing panel. Does my lawyer arrange the survey of the property? Or Having digested plenty of mortgage guides,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the Earl Shilton Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Earl Shilton Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Earl Shilton Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Earl Shilton Building Society you could contact your them to see if they have a list of approved surveyors.