Holmesdale Building Society Conveyancing Lender Panel Compliance Tool

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

This software assists the way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with alerts on Holmesdale Building Society’s changes. Even though utilising COMPLETIONmonitor 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 status.

The software generates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Holmesdale Building Society

Lenders often change their requirements. The BSA instructions 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 2010, Holmesdale Building Society has made 31 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 88.1 days. In total, 14% of the sections of the BSA Requirements for Holmesdale Building Society have been changed since 26/1/2010.

To find out more about lender panel compliance,

Book a Personalised Demo

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

I have just been informed by my broker that my the law firm I have appointed is not on the Holmesdale Building Society Solicitor panel. What can I do to be sure that this is correct?
You need to contact your conveyancer. You lawyer should advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the the approved Holmesdale Building Society solicitor panel.
My solicitor is asking me for proof of ID documents stating that this forms part of his requirements as a solicitor on the Holmesdale Building Society Conveyancing panel. Can you confirm whether this is the case?
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
Your search tool is useful but there are many lawyers listed near Chelsea on the Holmesdale Building Society conveyancing panel. Can you recommend a specific firm on the conveyancing panel for Holmesdale Building Society ?
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. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
My grandfather passed away 10 months ago and as sole heir and executor was left the property. The house had a small mortgage left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Holmesdale Building Society , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Holmesdale Building Society will insist on your using a conveyancer on the Holmesdale Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Holmesdale Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Holmesdale Building Society mortgage is registered as a charge at the Land Registry.
I previously instructed online solicitors based in Manchester who are on the Holmesdale Building Society solicitor panel. They are now charging me a separate fee of £195 for the legal aspects of the Holmesdale Building Society mortgage. Is this an additional conveyancing fee specified by Holmesdale 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 Holmesdale Building Society but by your lawyers. Some firms on the Holmesdale Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
I have decided to exercise my right to buy my property off the council. I have a mortgage offer with Holmesdale Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Holmesdale Building Society you will need to appoint a solicitor on the Holmesdale Building Society conveyancing panel.
Holmesdale Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Holmesdale Building Society or your broker and complete any relevant paperwork. Holmesdale Building Society will tell you what documents they want. Holmesdale Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Holmesdale Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.