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

Lexsure’s COMPLETIONmonitor is web-based 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 instructions, with alerts on Saffron Building Society’s changes. Even though using the tool is not a condition for acceptance on the Saffron Building Society panel, demonstrating you can remain up to date with Saffron Building Society’s Handbook requirements is an excellent support to your panel application and, just as importantly, safeguard your panel standing.

The software creates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Saffron Building Society

Lenders often change 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, over time:

A Timeline of Policy Changes


Since 2008, Saffron Building Society has made 267 revisions or additions to sections of their version of the UK Finance Handbook.
That equates to a section change every 10.2 days. In total, 61% of the sections of P2 of the UK Finance Lenders’ Handbook for Saffron Building Society have been changed since 15/12/2008.

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Saffron Building Society Conveyancing Panel : Questions and Answers from members of the public

Is the fact that my conveyancer is not identified on the Saffron Building Society Conveyancing panel that there is a problem with the standard of his work?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack 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. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Saffron Building Society.
My conveyancing solicitor is asking me for proof of ID documents stating that this forms part of his requirements as a solicitor on the Saffron Building Society Conveyancing panel. This is news to me - can I refuse?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Saffron Building Society your lawyer also has to check ID documents to satisfy Saffron Building Society
Whilst your website is a good idea there are many lawyers listed near Middlesbrough on the Saffron Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Saffron Building Society ?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I am thinking of remortgaging my flat does my lawyer have to be on the Saffron Building Society Conveyancing panel?
There is nothing to stop you using your solicitor but Saffron Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
We expect to receive a DIP from Saffron Building Society this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Saffron Building Society recommend a solicitor on the Saffron 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 Saffron Building Society conveyancing panel. The solicitor represents both you and the Saffron Building Society through the process.
I have decided to exercise my right to buy my property off the council. I have a mortgage offer with Saffron 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 have 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 Saffron Building Society you will need to appoint a solicitor on the Saffron Building Society conveyancing panel.
I currently have a mortgage with with Saffron Building Society. Conveyancing was finalised a year ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Saffron Building Society?
Your original mortgage agreement with Saffron Building Society will provide that you need their approval prior to renting your property as this is likely to be a breach of Saffron Building Society’s mortgage conditions. It may be that Saffron Building Society will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Saffron Building Society directly. You need not do this via a Saffron Building Society conveyancing panel lawyer.

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