Swansea Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers such as AmTrust. It is a unique risk management tool.

This software optimises the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on Swansea Building Society’s changes. Notwithstanding that utilising COMPLETIONmonitor is not a prerequisite for Swansea Building Society , demonstrating you can stay up to date with Swansea Building Society’s Handbook requirements is an excellent support to your panel application and, more importantly, safeguard your panel status.

The system creates real-time alerts, automatically produces SRA and CQS reports, and will enhance your firm's efficiency. It is also simply to use, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Swansea Building Society

Lenders often vary their requirements. The UK Finance Lenders’ Handbook requirements from Swansea 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, Swansea Building Society has made 95 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 28.7 days. In total, 42% of the sections of P2 of the UK Finance Lenders’ Handbook for Swansea Building Society have been changed since 15/12/2008.

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

For what reasons would a firm of solicitors be excluded from the Swansea Building Society solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been removed from a lender panel. The most common reasons in order 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. We are not aware of the specific or common criteria for removal by Swansea Building Society
Our lawyer has discovered a legal deficiency with the lease for the flat we are buying. The seller’s lawyers have offered title insurance as a solution. We are happy with insurance and will cover the costs. Our solicitor says that as he is on the Swansea Building Society conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or Swansea Building Society?
Just because you have a mortgage offer from Swansea 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 Swansea Building Society are the client. These conveyancing instructions have to be complied with by the Swansea Building Society conveyancing panel who has to balance acting for you and Swansea Building Society
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Swansea Building Society conveyancing panel. My lawyer has said that they are on the Swansea 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 Swansea 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 Swansea Building Society solicitor panel.
Can you clarify what the consequences are if my lawyer’s firm is removed from the Swansea Building Society Solicitor panel before completion?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Two weeks ago we had a mortgage agreed in principle with Swansea Building Society. Solicitors have been chosen? How long does it take for Swansea Building Society to send the offer to our conveyancer
There is no definitive answer here. Have Swansea Building Society completed the valuation? Have you advised Swansea Building Society as your lawyers details and checked that your lawyer is on the Swansea Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
Intending to buy a flat with a mortgage with Swansea Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Swansea Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Swansea Building Society conveyancing panel
My ex -wife’s name is on the Swansea Building Society mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Swansea Building Society mortgage in order to sell?
In terms of the Swansea Building Society mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Swansea Building Society in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.