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Penrith Building Society Conveyancing Lender Panel Compliance Tool

Looking for information about your firm's panel status?

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How can my firm apply to be on the Penrith Building Society Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the Penrith Building Society Conveyancing Panel?
Check your firm’s panel Status

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. It is supported by professional indemnity insurers. It is a unique risk mitigation tool.

This system optimises the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on Penrith Building Society’s changes. Even though using this technology is not a condition for acceptance on the Penrith Building Society panel, demonstrating you can stay up to date with Penrith Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, safeguard your firm’s panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, results in a PII saving.

Find a Law Firm approved by Penrith Building Society

Lenders frequently vary their requirements. The BSA instructions from Penrith 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 2010, Penrith Building Society has made 35 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 78.0 days. In total, 20% of the sections of the BSA Requirements for Penrith Building Society have been changed since 26/1/2010.

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

My financial adviser has informed me that I have to pay Penrith Building Society fees should I instruct my family lawyer. How good are the Penrith Building Society conveyancing panel solicitors? I dont care which law firm I use as long as they're good and not exorbitantly priced. Are there any Penrith Building Society conveyancers you'd recommend?
Penrith Building Society’s conveyancing panel is pretty large so your best bet is just to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Penrith Building Society will allow to act for them.
Our solicitor is asking me for ID documents saying that this is part of his obligations as a solicitor on the Penrith Building Society Conveyancing panel. Can you confirm whether this is the case?
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 Penrith 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 Penrith Building Society CML Handbook requirements last updated on Penrith Building Society
How do I find a local solicitor on the Penrith Building Society conveyancing panel? I have a car and am prepared to travel up to 20 miles to meet the conveyancer.
Feel free to make use of the find a conveyancing panel search on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Penrith Building Society solicitor panel.
Please explain the implications if my lawyer’s firm is expelled from the Penrith Building Society Conveyancing panel prior to the moving date as agreed at exchange of contracts?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
We have agreed a price on a flat I spoke to a solicitor previously used by my uncle and he recommended retaining a property lawyers approved by Penrith Building Society. The estate agent recommended two local firms so I asked Penrith Building Society if the 2 suggested solicitors are approved, which they are not. Penrith Building Society suggested that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Penrith Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Penrith Building Society for conveyancing panel firms in your area. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Penrith Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Penrith Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Penrith Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I am currently in the process of buying my council flat. I have a mortgage agreed with Penrith Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Penrith Building Society you will need to appoint a solicitor on the Penrith Building Society conveyancing panel.
My brother and I are purchasing a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon are about to beappointed. My brother-in-lawsuggested that we check that the conveyancer in Hendon is on the Penrith Building Society list of approved conveyancing firms. Is this right?
Far from all Hendon conveyancing solicitors are on the Penrith Building Society conveyancing panel. Use the above search tool to search for a Hendon conveyancing lawyer on the on the Penrith Building Society solicitors pane.

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