Leeds Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s 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 management tool.

This software facilitates the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Leeds Building Society’s changes. Even though utilising this technology is not a condition for being on the Leeds Building Society panel, demonstrating you can stay up to date with Leeds Building Society’s Handbook requirements is an excellent support to your panel application and, just as importantly, safeguard your panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces COLP 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.

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Mortgage companies frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Leeds 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, Leeds Building Society has made 370 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 7.4 days. In total, 61% of the sections of P2 of the UK Finance Lenders’ Handbook for Leeds Building Society have been changed since 15/12/2008.

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Common questions asked concerning the Leeds Building Society Solicitor Panel from members of the public

I have just been informed by my estate agent that my solicitor is not on the Leeds Building Society Solicitor panel. How can I be sure that this is correct?
You need to contact your lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for Leeds Building Society.
I am buying a newly constructed duplex and my lawyer is telling me that she has to disclose incentives from the developer as her firm is on the Leeds Building Society conveyancing panel. I am on a tight deadline to sign contracts and I have no desire to prolong deal. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Leeds Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Leeds 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.
Are the lawyers identified as being on the Leeds Building Society conveyancing panel, together with their details provided by Leeds Building Society?
The law firm practices themselves provide us confirmation that they are on the Leeds Building Society conveyancing panel as opposed to being supplied with a list from Leeds Building Society directly.
I am selling my house. Does my solicitor have to be on the Leeds Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Leeds 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.
Do the majority of banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Leeds Building Society conveyancing panel requirements are different to Leeds Building Society’s conveyancing panel criteria.
We are getting a further advance on our mortgage from Leeds Building Society as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Leeds Building Society conveyancing panel to deal with the legals?
Leeds Building Society would not normally appoint a member of their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society panel
After much negotiation I have agreed a price on a house. My mortgage broker pressured me to appoint their lawyers I paid an upfront payment of 225. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.