Hanley Economic Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based 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 system is the only way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with notifications given on Hanley Economic Building Society’s changes. Even though utilising COMPLETIONmonitor is not a prerequisite for Hanley Economic Building Society , demonstrating you can remain up to date with Hanley Economic Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, protect your firm’s panel status.

The system generates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Hanley Economic Building Society

Lenders frequently change their requirements. The BSA instructions from Hanley Economic 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 2010, Hanley Economic Building Society has made 30 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 91.0 days. In total, 5% of the sections of the BSA Requirements for Hanley Economic Building Society have been changed since 26/1/2010.

To find out more about lender panel compliance,

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Examples of recent questions relating to the Hanley Economic Building Society Solicitor Panel from members of the public

My property lawyer is not on the Hanley Economic Building Society Solicitor Panel. Can I still continue with my preferred solicitor notwithstanding that they are excluded from the Hanley Economic Building Society panel of approved conveyancing solicitors?
The most common options here are as follows:
  1. Complete the purchase with your existing solicitors but Hanley Economic Building Society will need to instruct a lawyer on the Hanley Economic Building Society conveyancing panel. This will result in additional cost and potential delay.
  2. Get a new solicitor to act in the purchase, obviously checking they are on the Hanley Economic Building Society conveyancing panel.
  3. Urge your lawyer to apply to join the Hanley Economic Building Society lender panel
My solicitor has uncovered a discrepancy when comparing the surveyor’s assumptions in Hanley Economic Building Society’s valuation survey and what is in the legal papers for the property. My lawyer says that as he is on the Hanley Economic Building Society conveyancing panel he is obliged to ensure that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s course or action correct?
A precondition to being on the Hanley Economic Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Hanley Economic Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I need to find a Hanley Economic Building Society panel solicitor in Stirling. Can you assist?
Unfortunately it’s not apparent why you need a Hanley Economic Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Hanley Economic Building Society to find out which solicitors in Hanley Economic Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
I am selling my house. Does my solicitor have to be on the Hanley Economic Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Hanley Economic 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.
Are all solicitor firms on the Hanley Economic Building Society conveyancing panel overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Hanley Economic Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I am buying a property where the roof has a solar panel. Hanley Economic Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Hanley Economic Building Society your lawyer must to check the Hanley Economic Building Society conveyancing instructions contained in the Part of CML Handbook for Hanley Economic Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Hanley Economic Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
Intending to buy a house with a mortgage with Hanley Economic Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Hanley Economic Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Hanley Economic Building Society conveyancing panel