Holmesdale Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk mitigation tool.

This system optimises 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 using this technology is not a condition for acceptance on the Holmesdale Building Society panel, demonstrating you can remain up to date with Holmesdale Building Society’s Handbook requirements is an excellent support to your panel application and, just as importantly, protect your firm’s panel standing.

The software generates real-time alerts, automatically produces compliance and CQS reports, and will enhance 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 Holmesdale Building Society

Lenders frequently vary 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, over time:

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.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
3.1.6 01/12/2014 CML
5.5.1b 01/12/2014 CML
3.1.3 01/12/2014 CML
17.2.1b 12/07/2013 CML
3.2.3 16/12/2010 CML
10.2a 01/12/2010 CML
4.1 01/12/2010 CML
5.5.1a 01/12/2010 CML
5.5.1b 01/12/2010 CML
6.6.4 01/12/2010 CML

Last update 15/05/2019

Holmesdale Building Society Conveyancing Panel Example Support Desk Enquires from members of the public

I have been advised by my broker that I have to pay Holmesdale Building Society fees should I instruct my family lawyer. How good are the Holmesdale Building Society conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH as long as they're good and not exorbitantly priced. Would you recommend a specific law firm on the Holmesdale Building Society panel?
Holmesdale Building Society’s conveyancing panel is substantial so it would be advisable to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Holmesdale Building Society will allow to act for them.
Our property lawyer is asking me for personal identification documents stating that this forms part of his requirements as a conveyancer on the Holmesdale Building Society Solicitor 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 Holmesdale Building Society your lawyer also has to check ID documents to satisfy Holmesdale Building Society
Whilst your website is a good idea there are many lawyers listed near Leeds on the Holmesdale Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the Holmesdale Building Society approved panel?
We do not recommend specific firms 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. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
We're in London, First timers purchasing with a mortgage (lender is Holmesdale Building Society , but our solicitor is on the Holmesdale Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Holmesdale Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Are all Conveyancing Quality Solicitors on the Holmesdale Building Society conveyancing panel?
Some major lenders now use CQS as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
Is it the case that all conveyancing lawyers on the Holmesdale Building Society conveyancing panel work on a no move no charge basis?
There is generally 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 can not work out if my mortgage offer requires a lease extension . I have called into my local branch Holmesdale Building Society on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Holmesdale Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
Your lawyer has to follow the CML Handbook Part 2 requirements for Holmesdale Building Society. Unless your lawyer obtains specific confirmation in writing that Holmesdale Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Holmesdale Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.