Swansea Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. 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 alerts on Swansea Building Society’s changes. Notwithstanding that utilising this technology is not a prerequisite for Swansea Building Society , demonstrating you can stay up to date with Swansea Building Society’s Handbook requirements is a helpful support to your panel application and, just as importantly, protect your firm’s panel standing.

The system generates real-time alerts, automatically produces regulatory and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Swansea Building Society

Banks and building societies frequently change 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, over time:

A Timeline of Policy Changes


Since 2008, Swansea Building Society has made 94 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 29.0 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.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
6.7.1 27/03/2019 CML
10.2b 08/08/2017 CML
10.9 08/08/2017 CML
14.2.1 08/08/2017 CML
16.3.2 08/08/2017 CML
4.5a 08/08/2017 CML
6.13.1 08/08/2017 CML
5.4.4 01/12/2014 CML
6.14.1d 01/12/2014 CML
3.2.3 06/07/2012 CML

Last update 17/07/2019

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

My financial adviser has informed me that I have to pay Swansea Building Society fees should I instruct my family lawyer. How efficient are the Swansea Building Society conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH as long as they're good and reasonably priced. Would you recommend a specific law firm on the Swansea Building Society panel?
Swansea Building Society’s conveyancing panel is pretty large so it would be advisable to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that Swansea Building Society will allow to act for them.
My husband and I are refinancing our apartment with Swansea Building Society. We have a son 19 who lives with us. The solicitor on the Swansea Building Society conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is forfeited by the lender. I have a couple of questions (1) Is this form unique to the Swansea Building Society conveyancing panel as he never had to sign this form when we bought 3 years ago (2) Does our son by signing this giving up his rights 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 Swansea Building Society .This is solely used to protect the Swansea 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 Swansea 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 online conveyancing estimates. Can I be assured that all the law firms that are listed on your website are on the Swansea Building Society conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have assured us via an online form that they are on the Swansea Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Swansea Building Society panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Swansea Building Society conveyancing panel is not accurate.
The lawyers that just started acting on my house acquisition in London has without warning shut down. I chose them because I needed a firm on the Swansea Building Society conveyancing panel and my family lawyer was not. I paid them £200 on account. What do I do now?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Swansea 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 may be able to assist
Are all solicitor firms on the Swansea Building Society conveyancing panel regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Swansea Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Swansea Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Swansea Building Society your lawyer must to check the Swansea Building Society conveyancing instructions contained in the Part of CML Handbook for Swansea Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Swansea 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.
I have paid off my mortgage with Swansea Building Society. I assume I don't need a solicitor on the Swansea Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Swansea Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Swansea Building Society mortgage from the register. Swansea Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the Swansea Building Society has sent the Land Registry the discharge electronically, and the Swansea Building Society has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your Swansea Building Society mortgage has been paid off.