Leek United BS 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 professional indemnity insures. It is a unique risk management tool.

This software is the only way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with notifications given on Leek United BS’s changes. Even though using this technology is not a prerequisite for Leek United BS , demonstrating you can stay up to date with Leek United BS’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, safeguard your firm’s panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, results in reduced PII premiums.

Find a Law Firm approved by Leek United BS

Mortgage companies often 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, frequently:

A Timeline of Policy Changes

Since 2010, Leek United BS has made 15 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 182.0 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,

Book a Personalised Demo

Recent Changes Include

# Date Assoc. Changes Related To
C.12 31/07/2019 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 20/09/2019

Leek United BS Conveyancing Panel Sample Enquires to our Call Center from members of the public

My Conveyancer is not listed on the Leek United BS Approved Panel. Can I still use my family solicitor even though they are not on the Leek United BS list of approved lawyers?
The most common options here are as follows:
  1. Carry on with your existing solicitors 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
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Leek United BS will not agree to this. Why was Leek United BS even consulted?
Your lawyer being on the Leek United BS conveyancing panel is duty bound to inform Leek United BS of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Leek United BS then they would have to discontinue acting for you and Leek United BS.
I am purchasing a house and need a conveyancing solicitor in Newcastle who is on the Leek United BS solicitor. Could you point me in the right direction as regards a 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.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Leek United BS conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Leek United BS 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.
We were going to get a DIP from Leek United BS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Leek United BS recommend a solicitor on the Leek United BS conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Leek United BS conveyancing panel. The solicitor represents both you and the Leek United BS through the process.
My existing mortgage is with Leek United BS. My uncle retired last week and wants to pay off the mortgage left on the property. After Leek United BS is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Leek United BS conveyancing panel? I do not intend to live at the property once the Leek United BS mortgage is discharged.
Although you do need to retain the services of a lawyer they dont need to be on the Leek United BS panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. As the property is your main residence you need not pay CGT but you should speak with your accountants in any event.
Planning on purchasing a house with a mortgage with Leek United BS. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leek United BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Leek United BS conveyancing panel