Ecology 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 PI insurers such as AmTrust. It is a unique risk management tool.

This software optimises the way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Ecology Building Society’s changes. While utilising the software is not a condition for being on the Ecology Building Society panel, demonstrating you can stay up to date with Ecology Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, safeguard your panel status.

The software creates real-time alerts, automatically produces SRA and CQS reports, and will improve 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 Ecology Building Society

Lenders frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Ecology 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, Ecology 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, 42% of the sections of P2 of the UK Finance Lenders’ Handbook for Ecology Building Society have been changed since 15/12/2008.

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Recent Changes Include

# Date Assoc. Changes Related To
17.2.1b 12/07/2013 CML
16.1.1 01/12/2010 CML
16.5.3b 01/12/2010 CML
3.1.5 01/12/2010 CML
4.5b 01/12/2010 CML
5.14.10 01/12/2010 CML
5.14.11 01/12/2010 CML Defective Lease Indemnity Insurance
5.14.15a 01/12/2010 CML Absentee Landlord Indemnity Insurance
5.5.4 01/12/2010 CML Restrictive Covenant Indemnity Insurance
6.2.1 01/12/2010 CML

Last update 17/03/2019

Ecology Building Society Conveyancing Panel : Questions and Answers from members of the public

My financial adviser has has requested my lawyer’ panel member for the Ecology Building Society conveyancing panel. How do I obtain this. I have tried my local Ecology Building Society branch but they don't know it.
You are best placed to get this information from your conveyancing lawyer. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Ecology Building Society.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Ecology Building Society will not agree to this. Why was Ecology Building Society even consulted?
Your lawyer being on the Ecology Building Society conveyancing panel is duty bound to inform Ecology Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Ecology Building Society then they would have to discontinue acting for you and Ecology Building Society.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Ecology Building Society conveyancing panel. My lawyer has said that they are on the Ecology Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Ecology Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Ecology Building Society solicitor panel.
I was supposed to complete on my dream home last Thursday. My solicitor is on the Ecology Building Society conveyancing panel but has changed address in the past couple of months and had not informed Ecology Building Society of their new address. Ecology Building Society has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Ecology Building Society branch or your mortgage broker to see if they can assist.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Ecology Building Society conveyancing panel?
It is true that some lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives 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 approved list of firms.
Do conveyancing solicitors on the Ecology Building Society conveyancing panel work on a no sale no fee basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
Why might a lender such as Ecology Building Society withdraw a mortgage offer?
Banks and Building Societies such as Ecology Building Society can revoke their mortgage offer although this rarely happens. should Ecology Building Society withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are various possible reasons but here are a few examples:
  • If the borrower informs Ecology Building Society of a change in security address
  • A cashback to the buyer, or | part of the price includes a non-cash incentive to the buyer (eg paid stamp duty land tax),or | any indirect incentive (cash or non cash) or rental guarantee, of which the lender was previously unaware
  • Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
  • Where to proceed with the Mortgage offer would be unlawful
  • If the lender reasonably suspects that the applicant, borrower, mortgagor or guarantor is involved in any criminal or fraudulent activity, including trading in illegal drugs or other substances, theft, robbery, deception or other serious offences, or if the applicant borrower, mortgagor or guarantor has a conviction for any serious criminal offence, including theft, deception, fraud, robbery or trade in illegal drugs or other substances;