Holmesdale 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. COMPLETIONmonitor is a unique risk management tool.

This system assists the way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Holmesdale Building Society’s changes. Even though utilising this technology is not a condition for acceptance on the Holmesdale Building Society panel, demonstrating you can stay up to date with Holmesdale Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, safeguard your firm’s panel status.

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

Find a Law Firm approved by Holmesdale Building Society

Lenders often change their requirements. The UK Finance Lenders’ Handbook requirements from Holmesdale 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, Holmesdale Building Society has made 31 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 88.1 days. In total, 14% of the sections of P2 of the UK Finance Lenders’ Handbook for Holmesdale Building Society have been changed since 15/12/2008.

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

My mortgage broker has asked me for my solicitor’s panel member for the Holmesdale Building Society conveyancing panel. What is the best way to discover this. I have called my local Holmesdale Building Society branch but they cant find it on their system.
You are best placed to get this information from your conveyancing lawyer. They should have a central record lender panel numbers including the Holmesdale Building Society panel reference.
I am buying a newly constructed apartment and my lawyer is telling me that she is duty bound to reveal incentives from the developer as her firm is on the Holmesdale Building Society conveyancing panel. I am under pressure to sign contracts and my preference is not to prolong the conveyancing. Can I insist on an exchange regardless of what my lawyer says about being on the Holmesdale Building Society panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Holmesdale Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Holmesdale Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
How up to date is your search tool for the Holmesdale Building Society conveyancing panel? Do Holmesdale Building Society send you an updated list?
The firms themselves provide us confirmation that they are on the Holmesdale Building Society conveyancing panel as opposed to being supplied with a list from Holmesdale Building Society directly.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Holmesdale Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Holmesdale 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.
I have a mortgage with Holmesdale Building Society. Conveyancing was finalised some time ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Holmesdale Building Society?
Your original mortgage agreement with Holmesdale Building Society will provide that you need their approval prior to renting your property as this is likely to be a breach of Holmesdale Building Society’s mortgage conditions. It may be that Holmesdale Building Society will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Holmesdale Building Society directly. You need not do this via a Holmesdale Building Society conveyancing panel solicitor.
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, Holmesdale Building Society are being difficult. The solicitor who is on the Holmesdale Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Holmesdale Building Society are insisting on a building regulation certificate. Why do Holmesdale Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Holmesdale Building Society have referred the matter to their valuer. The reason why Holmesdale 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.
Intending to buy a house with a mortgage with Holmesdale 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 Holmesdale 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 Holmesdale Building Society conveyancing panel