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Principality 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 Principality Building Society Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the Principality Building Society Conveyancing Panel?
Check your firm’s panel Status

COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. It is supported by PI insurers. COMPLETIONmonitor is a unique risk management tool.

This software facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on Principality Building Society’s changes. While using the software is not a condition for acceptance on the Principality Building Society panel, demonstrating you can remain up to date with Principality Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, safeguard your panel status.

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

Find a Law Firm approved by Principality Building Society

Banks and building societies often change their requirements. The UK Finance Lenders’ Handbook requirements from Principality 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, Principality Building Society has made 283 revisions or additions to sections of their version of the UK Finance Handbook.
That equates to a section change every 9.6 days. In total, 64% of the sections of P2 of the UK Finance Lenders’ Handbook for Principality Building Society have been changed since 15/12/2008.

To find out more about lender panel compliance,
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FAQs for the Principality Building Society Conveyancing Panel from members of the public

The lawyer my fiance and I wanted to use for conveyancing on a purchase said she would charge more if my mortgage is with Principality Building Society due to their difficult processes! Am I likely to be frustrated using Principality Building Society? Is Principality Building Society conveyancing so much more difficult?
Principality Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders. It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender. It is not clear if your lawyer is on the Principality Building Society conveyancing panel. If they are not, this does add further risk of delay as Principality Building Society will appoint their own solicitors to look after their interest.
Our lawyer has uncovered a problem with the lease for the flat we are buying. The seller’s lawyers have suggested title insurance as a solution. We are happy with insurance and will pay for it. Our solicitor says that as he is on the Principality Building Society conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Principality Building Society?
Just because you have a mortgage offer from Principality Building Society does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Principality Building Society are the client. The appropriate lender requirements must be adhered to by the Principality Building Society conveyancing panel who has to balance acting for you and Principality Building Society
I need to find a Principality Building Society panel solicitor in Belfast. Can you assist?
It is not clear why you need a Principality Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Principality Building Society to find out which solicitors in Principality Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
The solicitors that I appointed last week on my purchase in Hendon has suddenly shut down. I only went with them because I had to have a firm on the Principality Building Society conveyancing panel and my preferred lawyer was not. I gave them a cheque for £150 in advance. What are my options?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Principality Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help
Can you point me to a directory of Principality Building Society panel conveyancers on the CML Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
My brother and I have agreed a price on a apartment I spoke to a solicitor recommended by my brother and he recommended using a solicitor approved by Principality Building Society. The estate agent recommended two local firms so I asked Principality Building Society if the 2 suggested solicitors are approved, which they are not. Principality Building Society suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Principality 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.
Enquire of Principality Building Society for conveyancing panel firms in your area. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Principality 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 Principality Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Principality 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.
My husband and I are at the point of looking at flats and am about to put in an offer. Is it premature to have a solicitor in place? I intend to finance via a home loan with Principality Building Society
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Principality Building Society , ask your prospective lawyers check they are on the Principality Building Society conveyancing panel otherwise they can't do the mortgage legal work.

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