Hanley Economic Building Society Conveyancing Lender Panel Compliance Tool

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Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk mitigation tool.

This system is the only way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with notifications given on Hanley Economic Building Society’s changes. While using the tool 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 panel application and, more importantly, safeguard your 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 simply to use, cost-effective and, for many firms, leads to a PII saving.

Find a Law Firm approved by Hanley Economic Building Society

Mortgage companies frequently vary 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 53 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 51.5 days. In total, 20% 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,

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

My Solicitor is not on the Hanley Economic Building Society Solicitor Panel. Can I still use my preferred solicitor notwithstanding that they are excluded from the Hanley Economic Building Society approved list?
You will need to have a conveyancer complete the legal work required when you take out a Hanley Economic Building Society mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Hanley Economic Building Society conveyancing panel additional costs will be incurred as separate legal representation will be required by Hanley Economic Building Society. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
Our solicitor has informed me that he requires proof of ID documents asserting that this is part of his retainer as a conveyancer on the Hanley Economic Building Society Conveyancing panel. Am I being spun a yarn?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Hanley Economic Building Society your lawyer also has to check ID documents to satisfy Hanley Economic Building Society
Do I have to attend the offices of the Hanley Economic Building Society conveyancing panel solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Newcastle so that I can attend their offices when needed.
Most conveyancing panel lawyers for Hanley Economic Building Society undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
I am purchasing a new build flat and getting a mortgage with Hanley Economic Building Society. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Hanley Economic Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Hanley Economic Building Society conveyancing panel in your location.
I previously instructed online conveyancers located in Birmingham who are on the Hanley Economic Building Society solicitor panel. They are now charging me a separate fee of £195 for dealing with the Hanley Economic Building Society mortgage. Is this a supplemental conveyancing fee specified by Hanley Economic Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Hanley Economic Building Society but by your lawyers. Some firms on the Hanley Economic Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
Hi, thinking about buying a house off my mate. Assuming we can agree a figure, what’s the best way to move forward? I hope to get a mortgage with Hanley Economic Building Society. Is it possible to avoid using solicitors to save us both money? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Hanley Economic Building Society involved you will need to appoint a solicitor on the Hanley Economic Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Hanley Economic Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Hanley Economic Building Society conveyancing panel.
I have not been happy with the level or service received from my lawyer. Is there a Hanley Economic Building Society conveyancing panel complaints department or do I complain directly to the law firm?
Complaining to Hanley Economic Building Society about their conveyancing panel is unlikely to yield much of a response. Every solicitor firm and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.

The Legal Ombudsman will make sure that your complaint is properly dealt with by the solicitor. It can also advise you how to complain.

If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.

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