Leek United BS Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. It is a unique risk management tool.

This system facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Leek United BS’s changes. While utilising the software is not a condition for being on the Leek United BS panel, demonstrating you can stay up to date with Leek United BS’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, protect your panel standing.

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, results in a PII saving.

Find a Law Firm approved by Leek United BS

Mortgage companies frequently change their requirements. The BSA instructions from Leek United BS 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 2010, Leek United BS has made 14 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 195.0 days. In total, 8% of the sections of the BSA Requirements for Leek United BS have been changed since 26/1/2010.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
C.12 29/04/2019 BSA
C.12 11/04/2017 BSA
D.34 05/09/2016 BSA
C.12 23/08/2016 BSA
D.24 01/08/2016 BSA
C.12 12/04/2016 BSA
E.12 21/03/2016 BSA
B.13 23/03/2015 BSA
C.12 09/03/2015 BSA
C.12 20/01/2014 BSA

Last update 23/05/2019

Q and A’s regarding the Leek United BS Conveyancing Panel from members of the public

My Solicitor is not listed on the Leek United BS Conveyancing Panel. Can I still retain my preferred solicitor notwithstanding that they are not on the Leek United BS panel of approved conveyancing solicitors?
The most common options here are as follows:
  1. Carry on with your preferred lawyers but Leek United BS will need to instruct a lawyer on the Leek United BS conveyancing panel. This will result in additional cost and potential delay.
  2. Get a new solicitor to act in the purchase, obviously checking they are on the Leek United BS conveyancing panel.
  3. Urge your lawyer to apply to join the Leek United BS lender panel
My solicitor has spotted a difference between the assumptions in Leek United BS’s valuation report and what is revealed within the conveyancing documents. My solicitor has advised that as he is on the Leek United BS conveyancing panel he needs to ensure that the lender is with this discrepancy and is content go ahead. Is my lawyer’s approach legitimate?
A precondition to being on the Leek United BS approved panel is to comply with the CML Handbook requirements (last updated for this lender on Leek United BS) 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 both parties.
I am buying a house and require a conveyancing solicitor in London who is on the Leek United BS approved. Can you recommend a local firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leek United BS . We don’t recommend any particular firm.
We're in Birmingham, First timers buying with a mortgage (lender is Leek United BS , but our lawyer is on the Leek United BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leek United BS 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
Is it the case that all conveyancing solicitors on the Leek United BS conveyancing panel work on a no sale no fee basis?
In the main there are 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 service
Hi, thinking about buying a house off my mate. Assuming we can agree a figure, what’s the best way to move forward? I hope to get a mortgage with Leek United BS. Is it possible to avoid using solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Leek United BS involved you will need to appoint a solicitor on the Leek United BS conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Leek United BS. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Leek United BS conveyancing panel.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called Leek United BS on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Leek United BS conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the Leek United BS panel she or he must comply with the CML Handbook requirements for Leek United BS. Unless your lawyer obtains specific confirmation in writing that Leek United BS 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 Leek United BS to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.