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. It is a unique risk mitigation tool.

This software assists the 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 using the tool is not a condition for being on the Hanley Economic Building Society panel, demonstrating you can remain up to date with Hanley Economic Building Society’s Handbook requirements is a helpful support to your panel application and, more importantly, safeguard your panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, leads to a PII saving.

Find a Law Firm approved by Hanley Economic Building Society

Banks and building societies often 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 51 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 53.5 days. In total, 18% 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

I am getting a mortgage with Hanley Economic Building Society. my intention is to use a Licensed Conveyancer. Does the Hanley Economic Building Society Solicitor panel include conveyancers regulated by the CLC
Hanley Economic Building Society’s conveyancing panel is, like many other lenders represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Please assist. For no fault of my lawyer but, my purchase conveyancing has been going on for months. The Local Authority Search from Hanley Economic Building Society was issued random date and we have agreed a date for me to move into the property on Tues etc. My lawyer informs me that as she is on the Hanley Economic Building Society conveyancing panel she needs to redo the searches as they are no longer valid.
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 specifies that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Hanley Economic Building Society.
I need to find a Hanley Economic Building Society panel solicitor in Inverness. Could you help me?
It is not clear 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
What happens if my solicitor is suspended from the Hanley Economic Building Society Conveyancing panel in advance of the completion date?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Do conveyancing lawyers on the Hanley Economic Building Society conveyancing panel work on a no sale no fee basis?
On the whole 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
I am selling my apartment. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Hanley Economic Building Society are being pedantic. The solicitor who is on the Hanley Economic Building Society conveyancing panel is saying indemnity insurance will be fine but Hanley Economic Building Society are requiring a building regulation certificate. Why do Hanley Economic Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Hanley Economic Building Society have referred the matter to their valuer. The reason why Hanley Economic 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.
Planning on purchasing a flat 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 Building Society 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