Monmouthshire 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 Council of Mortgage Lenders and PI insurers such as AmTrust. It is a unique risk management tool.

This software optimises the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Monmouthshire Building Society’s changes. Even though utilising COMPLETIONmonitor is not a condition for acceptance on the Monmouthshire Building Society panel, demonstrating you can remain up to date with Monmouthshire Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, protect your panel standing.

The system generates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, leads to a PII saving.

Book a Monmouthshire Building Society Demo for this Panel Compliance Tool

Banks and building societies frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Monmouthshire 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, Monmouthshire Building Society has made 367 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 7.4 days. In total, 79% of the sections of P2 of the UK Finance Lenders’ Handbook for Monmouthshire Building Society have been changed since 15/12/2008.

To find out more about lender panel compliance,

Book a Personalised Demo

Recent Changes Include

# Date Assoc. Changes Related To
14.2.1 11/10/2018 CML
Post Completion Conveyancing
Where should conveyancing panelfor Monmouthshire Building Society send the title deeds and documents following completion?
16.3.2 11/10/2018 CML
Transfer of Equity
Monmouthshire Building Society details for requesting debt amount
17.1.1 11/10/2018 CML
Redemption Statements
Contact details at Monmouthshire Building Society for conveyancing panel lawyers to request redemption statements .
5.13.1 11/10/2018 CML
Balance of Monies
Contact details at Monmouthshire Building Society for conveyancing panel lawyers where borrower is not providing balance of purchase price from funds/proposing to give second charge.
Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance
5.14.10 11/10/2018 CML
Leasehold Conveyancing
Monmouthshire Building Society approved lawyers leasehold conveyancing requirements : contact for service charge matters
6.5.1 11/10/2018 CML
Vacant Possession on Completion
Contact details at Monmouthshire Building Society for approved lawyers were vacant possession is not being given.
6.9.1 11/10/2018 CML
Easements
Contact details at Monmouthshire Building Society for conveyancing panel lawyers if necessary easements are absent
Unknown Rights and Easements Indemnity Insurance
4.5b 25/10/2017 CML
Certificates of Title
Contact details at Monmouthshire Building Society for conveyancing panel/approved lawyers where COT should be sent
5.16.2 25/10/2017 CML
Leasehold Conveyancing : Management Company
Contact details at Monmouthshire Building Society for approved lawyers if unable to certify search entry on bankruptcy search does not relate to borrower.
6.5.1 25/10/2017 CML
Vacant Possession on Completion
Contact details at Monmouthshire Building Society for conveyancing panel lawyers were vacant possession is not being given.

Last update 17/11/2018

Examples of recent questions relating to the Monmouthshire Building Society Conveyancing Panel from members of the public

Much to my surprise I have been told by my mortgage broker that my solicitor is not on the Monmouthshire Building Society Conveyancing panel. How can I be sure that this is correct?
The first thing you need to do is to contact your conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the the approved Monmouthshire Building Society solicitor panel.
Our solicitor is asking me for identification documents stating that this is part of his requirements as a conveyancer on the Monmouthshire Building Society Conveyancing panel. Am I being spun a yarn?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that Monmouthshire Building Society also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Monmouthshire Building Society CML Handbook requirements last updated on Monmouthshire Building Society
I am Googling for competitive conveyancing fees. Can I be sure that all the practices that are listed on your site are on the Monmouthshire Building Society conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the Monmouthshire Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Monmouthshire 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 Monmouthshire Building Society conveyancing panel is not accurate.
My lawyers in Liverpool have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with Monmouthshire Building Society. Is it case that being on the Monmouthshire Building Society conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Monmouthshire Building Society Conveyancing Panel Terms. It might be worth you contacting Monmouthshire Building Society directly.
When it comes to lenders such as Monmouthshire Building Society do solicitors have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We were going to get a DIP from Monmouthshire Building Society this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Monmouthshire Building Society recommend a solicitor on the Monmouthshire Building Society 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 Monmouthshire Building Society conveyancing panel. The solicitor represents both you and the Monmouthshire Building Society through the process.
My husband and I are purchasing a garden flat in Hendon. Conveyancing solicitors in Hendon are preferred to beinstructed. My brother-in-lawsuggested that we make sure that the solicitor in Hendon is on the Monmouthshire Building Society solicitors panel. Is this really necessary?
A limited percentage of Hendon conveyancing solicitors are on the Monmouthshire Building Society conveyancing panel. 8 people a month use our search tool to locate a Hendon conveyancing solicitor on the on the Monmouthshire Building Society solicitors pane.