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 CML and professional indemnity insures. COMPLETIONmonitor is a unique risk management tool.

This software facilitates the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Furness Building Society’s changes. Notwithstanding that utilising the tool is not a prerequisite for Furness Building Society , demonstrating you can stay up to date with Furness Building Society’s Handbook requirements is an excellent support to your panel application and, more importantly, safeguard your firm’s panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. It is also simply to use, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Furness Building Society

Mortgage companies frequently vary 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
3.1.4 01/12/2014 CML
details of the seller's solicitors or licensed conveyancers
5.20.3 10/07/2012 CML
Panels PV Solar
Existence of additional requirements set by Furness Building Society for approved lawyers relating to leases of roof space for solar PV panels, and if so, what they are.
10.9 01/12/2010 CML
Mortgage Advance and Certificate of Title
Do Furness Building Society have a specific contact point if completion is delayed for their conveyancing panel?
1.11b 01/12/2010 CML
General Mortgage Instructions
Contact details at Furness Building Society for approved lawyers to where standard mortgage documentation is inappropriate
16.5.3b 01/12/2010 CML
Deed of Rectification
Where do solicitors and conveyancers send the deed of rectification in relation to Furness Building Society mortgages ?
4.3 01/12/2010 CML
Mortage valuation
Contact details at Furness Building Society for conveyancing panel lawyers where assumptions stated by the valuer are incorrect
5.16.2 01/12/2010 CML
Leasehold Conveyancing : Management Company
Contact details at Furness Building Society for conveyancing panel lawyers if unable to certify search entry on bankruptcy search does not relate to borrower.
6.6.1 01/12/2010 CML
Buy to Let Conveyancing
Contact details at Furness Building Society for conveyancing panel lawyers were the subject property is let/to be let and to check Furness Building Society lend on buy-to-let.
6.6.4 01/12/2010 CML
Houses in Multipe Occupation
Furness Building Society panel conveyancer requirements where the property comes within the definition of a house in multiple occupation
6.8.1 01/12/2010 CML
Roads and Sewers
Contact details at Furness Building Society for approved lawyers if no agreement and bond for an unadopted road or sewer
Adoption of Road or Sewer Indemnity Insurance

Last update 20/09/2019

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

My financial adviser has has requested my lawyer’ panel reference for the Furness Building Society conveyancing panel. What is the best way to discover this. I have contacted my local Furness Building Society office but they cant find it on their system.
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.
Our solicitor has uncovered a problem with the lease for the flat we are buying. The seller’s lawyers have offered title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer says that as he is on the Furness Building Society conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Furness Building Society?
Just because you have a mortgage offer from Furness 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 Furness Building Society are the client. These conveyancing instructions have to be complied with by the Furness Building Society conveyancing panel who has to balance acting for you and Furness Building Society
Your search tool is useful but there are many lawyers listed near Leeds on the Furness Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the Furness Building Society approved panel?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
The lawyers that I recently instructed on my house acquisition in Manchester has without warning shut down. I only went with them because I needed a firm on the Furness Building Society conveyancing panel and my family lawyer was not. I gave them a cheque for £150 in advance. What do I do now?
If you have an estate agent involved then inform them straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Furness Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help
I'm at the point of viewing flats and am about to put in an offer. Should I already have a conveyancer appointed at this stage? I intend to finance via a mortgage with Furness Building Society
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Furness Building Society , make sure you remember to check that your lawyer is on the Furness Building Society conveyancing panel.
I am currently in the process of buying my council flat. I have a mortgage agreed with Furness Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Furness Building Society you will need to appoint a solicitor on the Furness Building Society conveyancing panel.
I am due to exchange contracts on my apartment. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Furness Building Society are being difficult. The solicitor who is on the Furness Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Furness Building Society are insisting on a building regulation certificate. Why do Furness Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Furness Building Society have referred the matter to their valuer. The reason why Furness Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.