Holmesdale Building Society Conveyancing Lender Panel Compliance Tool

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

This software is the only way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Holmesdale Building Society’s changes. While 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 panel application and, just as importantly, safeguard your panel standing.

The system creates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Holmesdale Building Society

Mortgage companies 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.

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Recent Changes Include

# Date Assoc. Changes Related To
6.14.1b 01/12/2014 CML
buildings insurance in joint names or lender interest noted
6.14.1c 01/12/2014 CML
buildings insurance total sum insured calculation
6.14.2 01/12/2014 CML
requirement that all insurance risks are included
3.1.3 01/12/2014 CML
Conveyancing Solicitors Details for Sellers
Do Holmesdale Building Society require notification form their approved lawyer of the name and address of the solicitors firm or licensed conveyancers firm acting for the seller?
3.1.5 01/12/2014 CML
ID Documentation
Holmesdale Building Society approved lawyers requirements re ID Documentation: Further acceptable documents (if any)
5.20.4 10/07/2013 CML
Green Deal Plans
Holmesdale Building Society requirements for conveyancing panel/approved lawyers as to whether Holmesdale Building Society need to be notified/reported as to details of any existing Green Deal Plan(s) on a property
5.20.3 02/07/2012 CML
Panels PV Solar
Existence of additional requirements set by Holmesdale Building Society for approved lawyers relating to leases of roof space for solar PV panels, and if so, what they are.
10.3 16/12/2010 CML
Mortgage Advance and Certificate of Title
What are the standard deductions made by Holmesdale Building Society from the mortgage advance?
10.2a 01/12/2010 CML
Mortgage Advance and Certificate of Title
Do Holmesdale Building Society send the mortgage advance electronically or by cheque?
4.1 01/12/2010 CML
Mortage valuation
Do Holmesdale Building Society arrange for there to be a valuation report and if so, do they provide it to their conveyancing panel lawyers ?

Last update 16/03/2019

FAQs : The Holmesdale Building Society Conveyancing Panel from members of the public

I was advised recently by my estate agent that my property lawyer is not on the Holmesdale Building Society Solicitor panel. What can I do to be certain that this is indeed the case?
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 has identified a discrepancy between the assumptions in Holmesdale Building Society’s home valuation survey and what is revealed within the title deeds. My solicitor informs me that as he is on the Holmesdale Building Society conveyancing panel he is duty bound to check that the lender is OK with this discrepancy and is still content to lend. Is my solicitor’s approach right?
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) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am looking for conveyancing quotes online. Can I be assured that all the practices that are listed on your directory are on the Holmesdale Building Society conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the Holmesdale Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Holmesdale Building Society panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Holmesdale Building Society conveyancing panel is incorrect.
The lawyers that I recently instructed on my house acquisition in Newcastle has without warning shut down. They were on acting for me because I needed a firm on the Holmesdale Building Society conveyancing panel and my family lawyer was not. I paid them £200 on account. What are my options?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Holmesdale Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist
is it true that all conveyancing solicitors on the Holmesdale Building Society conveyancing panel overseen by the SRA?
As solicitors, in order to be on the Holmesdale Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
The mortgage over my property is with Holmesdale Building Society. Conveyancing has been completed 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Holmesdale Building Society?
Holmesdale Building Society must be informed of your intention before renting your property as this is likely to be a breach of Holmesdale Building Society’s mortgage conditions. In many cases banks or building societies will permit you to let 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 firm.
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.