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

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. It is supported by PI insurers. It is a unique risk mitigation tool.

This software is the only way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with automatic updates on Scottish Building Society’s changes. While utilising the software is not a condition for being on the Scottish Building Society panel, demonstrating you can remain up to date with Scottish Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, protect your firm’s panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by Scottish Building Society

Banks and building societies often vary their requirements. The UK Finance Lenders’ Handbook requirements from Scottish 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, Scottish Building Society has made 330 revisions or additions to sections of their version of the UK Finance Handbook.
That equates to a section change every 8.3 days. In total, 95% of the sections of P2 of the UK Finance Lenders’ Handbook for Scottish Building Society have been changed since 15/12/2008.

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Scottish Building Society Solicitor Panel Example Support Desk Enquires from members of the public

I appointed a solicitor to conveyancing on my remortgage three weeks ago having applied for a mortgage with Scottish Building Society. The law firm confirmed to me that they are on Scottish Building Society conveyancing panel and advised me their panel reference. Scottish Building Society then ,via my broker advised that their panel number was dormant and would need to be reactivated. What do I do from here? Do I instruct a different law firm currently on the approved panel for Scottish Building Society?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Scottish Building Society conveyancing panel You may wish to enlist the help of your broker to check with the Scottish Building Society as to how long they think it will take to get the firm to get back on the panel.
My husband and I intend to remortgage our penthouse with Scottish Building Society. We have a son approaching twenty who lives with us. The solicitor on the Scottish Building Society conveyancing panel requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Scottish Building Society conveyancing panel as he did not need to sign this form when we remortgaged 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Scottish Building Society .This is solely used to protect the Scottish Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Scottish Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

I am looking for competitive conveyancing fees. Can I be sure that all the law firms that are listed on your directory are on the Scottish Building Society conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the Scottish Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Scottish Building Society panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Scottish Building Society conveyancing panel is not accurate.
The firm that I recently instructed on my purchase in Hendon has without warning shut down. I only went with them because I needed a lawyer on the Scottish Building Society conveyancing panel and my preferred lawyer was not. I gave my credit card details for them to take £175 for searches. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know immediately 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 should appoint new lawyers that are on the Scottish 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 should be in a position to assist
Are all solicitor practices on the Scottish Building Society conveyancing panel overseen by the SRA?
As a firm of solicitors, in order to be on the Scottish Building Society conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Do most lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Scottish Building Society conveyancing panel requirements are different to Scottish Building Society’s conveyancing panel criteria.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Scottish Building Society be concerned
As your lender is Scottish Building Society your lawyer must to check the Scottish Building Society conveyancing instructions contained in the Part of CML Handbook for Scottish Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Scottish Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.

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