Saffron Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This system optimises the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Saffron Building Society’s changes. Even though using COMPLETIONmonitor is not a condition for being on the Saffron Building Society panel, demonstrating you can stay up to date with Saffron Building Society’s Handbook requirements is an excellent support to your panel application and, just as importantly, protect your firm’s panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by Saffron Building Society

Mortgage companies frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Saffron 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, Saffron Building Society has made 139 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 19.6 days. In total, 58% of the sections of P2 of the UK Finance Lenders’ Handbook for Saffron Building Society have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
5.14.13 01/12/2014 CML
5.5.1a 01/12/2014 CML
5.5.3b 01/12/2014 CML Lack of Planning Permission Indemnity Insurance
6.14.1a 01/12/2014 CML
6.14.1c 01/12/2014 CML
6.7.6 01/12/2014 CML
5.4.5 01/12/2014 CML Local Search Indemnity Insurance
3.1.5 30/06/2014 CML
4.5b 30/06/2014 CML
6.1.3 30/06/2014 CML

Last update 17/05/2019

Saffron Building Society Solicitor Panel Sample Enquires to our Call Center from members of the public

For what reasons would a firm of solicitors be removed from the Saffron Building Society solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been removed from a lender panel. The most common reasons in order are :
  1. Low volume of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by Saffron Building Society
Expecting to move into my new home next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Saffron Building Society. What does the insurance need to cover?
All property lawyers on the Saffron Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Saffron Building Society’s Part 2 requirements of the CML Handbook (last updated on Saffron Building Society). Being on the Saffron Building Society conveyancing panel your lawyer is expect to follow these requirements.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Saffron Building Society conveyancing panel. My lawyer has said that they are on the Saffron Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Saffron Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Saffron Building Society solicitor panel.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Saffron Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Saffron Building Society 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 have agreed a price on a house I spoke to a conveyancer previously used by my dad and he recommended retaining a property lawyers approved by Saffron Building Society. The estate agent recommended two local firms so I asked Saffron Building Society if the 2 suggested solicitors are approved, which they are not. Saffron 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 Saffron 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 Saffron 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 Saffron 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 Saffron Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Saffron 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 was told two weeks ago that my mortgage has been agreed to by Saffron Building Society. Is it usual for Saffron Building Society to only issue the offer once my solicitor is approved on their conveyancing panel?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Saffron Building Society to deal with your lawyers application to be on the Saffron Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.
After shopping around on the internet I have found a solicitor having checked that they are on the Saffron Building Society conveyancing panel. Does my lawyer arrange the survey of the property? Or Having digested plenty of house buying,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the Saffron Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Saffron Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Saffron Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Saffron Building Society you could contact your them to see if they have a list of approved surveyors.