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

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. It is supported by PI insurers such as AmTrust. It is a unique risk mitigation tool.

This software optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with automatic updates on Swansea Building Society’s changes. Even though utilising the tool 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 creates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. It is also 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 often 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, frequently:

A Timeline of Policy Changes


Since 2008, Swansea Building Society has made 97 revisions or additions to sections of their version of the UK Finance Handbook.
That equates to a section change every 28.1 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 Example Support Desk Enquires from members of the public

What is the rationale as to why all solicitors are not on the Swansea Building Society Conveyancing panel?
Lenders point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year. The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to banks and building societies purging less reputable firms off their books
I am buying a newly constructed apartment and my lawyer is telling me that she is duty bound to disclose incentives from the seller as her firm is on the Swansea Building Society conveyancing panel. I am nearing the developer’s deadline to exchange contracts and I would rather not delay matters. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Swansea Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Swansea Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Are the lawyers identified as being on the Swansea Building Society conveyancing panel, together with their details provided by Swansea Building Society?
The law firm practices themselves provide us confirmation that they are on the Swansea Building Society conveyancing panel as opposed to being supplied with a list from Swansea Building Society directly.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Swansea Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Swansea 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.
How can we tell if a solicitor on the Swansea Building Society panel is any good?
seeking recommendations is a good start. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor conducting your conveyancing
Do the majority of banks 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 Swansea Building Society conveyancing panel requirements are different to Swansea Building Society’s conveyancing panel criteria.
I am due to exchange contracts on my apartment. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Swansea Building Society are being a right pain. The solicitor who is on the Swansea Building Society conveyancing panel is recommending indemnity insurance as a solution but Swansea Building Society are requiring a building regulation certificate. Why do Swansea Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Swansea Building Society have referred the matter to their valuer. The reason why Swansea Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.

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