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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 residential conveyancing lawyers. It is supported by PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk management tool.

This system optimises the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with notifications given 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 stay up to date with Principality 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 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 some firms, leads to a PII saving.

Find a Law Firm approved by Principality Building Society

Banks and building societies frequently vary 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.

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Frequently asked questions relating to the Principality Building Society Conveyancing Panel from members of the public

A solicitor I had intended to instruct on a purchase said he would charge more if my lender is because of their unusual legal requirements. Will I regret 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.
I am buying a new build flat and my solicitor is informing me that she has to reveal incentives from the seller as her practice is on the Principality Building Society conveyancing panel. I am on a tight deadline to sign contracts and I would rather not delay matters. Can I insist on an exchange regardless of what my lawyer says about being on the Principality Building Society panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Principality Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Principality Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do banks and building societies provide you with an approved list of solicitors? How do you know who is on the Principality Building Society conveyancing panel?
The firms themselves provide us confirmation that they are on the Principality Building Society conveyancing panel as opposed to being supplied with a list from Principality Building Society directly.
My aunt passed away last year and as sole heir and executor was left the house. The house had a relatively small loan left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Principality Building Society , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Principality Building Society will insist on your using a conveyancer on the Principality Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Principality Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Principality Building Society mortgage is registered as a charge at the Land Registry.
Last month we had a mortgage agreed in principle with Principality Building Society. Solicitors have been instructed? What is the average time that one could expect to receive a mortgage offer from Principality Building Society?
Some lenders take longer than others. Have Principality Building Society completed the survey? Have you advised Principality Building Society as your lawyers details and checked that your lawyer is on the Principality Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
I recently had an offer accepted on a house. My mortgage broker suggested a solicitor I paid an upfront payment of 150. Soon after the conveyancers contacted me to say that they were not on the Principality Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Principality Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My offer was accepted on an apartment on the 6th March 2014, valuation was booked 4 days later, received a clean bill of health. Property lawyer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Principality Building Society and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Principality Building Society conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Principality Building Society to deal with your lawyers application to be on the Principality Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.

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