Furness 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. COMPLETIONmonitor is a unique risk mitigation tool.

This system facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Furness Building Society’s changes. Even though utilising the tool is not a prerequisite for Furness Building Society , demonstrating you can remain up to date with Furness Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, protect your firm’s panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by Furness Building Society

Lenders frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Furness 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, Furness Building Society has made 160 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 17.1 days. In total, 43% of the sections of P2 of the UK Finance Lenders’ Handbook for Furness 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
6.14.1b 01/12/2014 CML
17.1.1 01/12/2010 CML
17.2.1a 01/12/2010 CML
4.3 01/12/2010 CML
5.15.2d 01/12/2010 CML
5.5.3c 01/12/2010 CML
5.10.1 01/12/2010 CML
6.14.1a 01/12/2010 CML
6.5.1 01/12/2010 CML
6.6.1 01/12/2010 CML

Last update 23/05/2019

Q and A’s regarding the Furness Building Society Conveyancing Panel from members of the public

My financial adviser has says he needs my lawyer’ panel member for the Furness Building Society conveyancing panel. How do I find this out. I have e-mailed my local Furness 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 Furness 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 Furness Building Society will not agree to this. Why was Furness Building Society even consulted?
Your lawyer being on the Furness Building Society conveyancing panel is duty bound to inform Furness Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Furness Building Society then they would have to discontinue acting for you and Furness Building Society.
I see that you have a search directory identifying law firms on the Furness Building Society conveyancing panel. Do firms pay you a referral fee if I appoint them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Furness Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am trying to get my ex-husband taken off the mortgage deeds. Can Furness Building Society really tell me which solicitor I can or can not instruct?
You can use any solicitor you like but Furness Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Furness Building Society solicitors panel
When it comes to mortgage companies such as Furness Building Society do solicitors have to be pay a fee to be on the list of approved solicitors?
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.
Do the majority of banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Furness Building Society conveyancing panel requirements are different to Furness Building Society’s conveyancing panel criteria.
I recently had an offer accepted on a house. My financial adviser recommended their conveyancers I paid an upfront payment of 200. Soon after the conveyancers contacted me to say that they were not on the Furness Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Furness Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.