Swansea Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. It is a unique risk mitigation tool.

This software facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with notifications given on Swansea Building Society’s changes. Even though utilising this technology is not a condition for being on the Swansea Building Society panel, demonstrating you can remain up to date with Swansea Building Society’s Handbook requirements is an excellent support to your panel application and, more importantly, protect your panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Swansea Building Society

Banks and building societies 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, over time:

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.

To find out more about lender panel compliance,

Book a Personalised Demo

Recent Changes Include

# Date Assoc. Changes Related To
6.7.1 18/11/2019 CML
New Build Conveyancing
Swansea Building Society approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
12.3.1 08/08/2017 CML
Instalment Mortgages
Do Swansea Building Society have a specific contact point for their conveyancing panel for release of retentions/mortgage advance instalments?
16.5.3d 08/08/2017 CML
Option Agreements
Contact details at Swansea Building Society for conveyancing panel lawyers to send option agreements .
17.1.1 08/08/2017 CML
Redemption Statements
Contact details at Swansea Building Society for approved lawyers to request redemption statements .
4.5a 08/08/2017 CML
Mortagge valuation - Reinspections
Contact details at Swansea Building Society for approved lawyers where re-inspection required
5.2.1 08/08/2017 CML
Seller not registered
Contact details at Swansea Building Society for approved lawyers for where the seller is not the owner or registered proprietor and is not listed in the exceptions in the CML Handbook P1.
6.14.1 30/11/2015 CML
Building Insurance
Swansea Building Society approved lawyers additional requirements concerning building insurance
6.14.1a 01/12/2014 CML
contact point if property is not insured in accordance with lender requirement
6.14.2 01/12/2014 CML
requirement that all insurance risks are included
5.20.4 23/07/2013 CML
Green Deal Plans
Swansea Building Society requirements for conveyancing panel/approved lawyers as to whether Swansea Building Society need to be advised as to details of any existing Green Deal Plan(s) on a property

Last update 13/01/2020

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

My property lawyer is not on the Swansea Building Society Approved Panel. Can I still retain my family solicitor notwithstanding that they are not on the Swansea Building Society list of approved lawyers?
You will need to have a conveyancer complete the legal work required when you take out a Swansea Building Society mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Swansea Building Society conveyancing panel additional costs will be incurred as separate legal representation will be required by Swansea Building Society. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Swansea Building Society will not agree to this. Why was Swansea Building Society even consulted?
Your lawyer being on the Swansea Building Society conveyancing panel is duty bound to inform Swansea Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Swansea Building Society then they would have to discontinue acting for you and Swansea Building Society.
I see that you have a search directory listing solicitors on the Swansea Building Society conveyancing panel. Do firms pay you a referral fee if I instruct them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Swansea Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
My grandfather passed away 10 months ago and as sole heir and executor was left the house. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Swansea Building Society , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Swansea Building Society will insist on your using a conveyancer on the Swansea Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Swansea Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Swansea Building Society mortgage is registered as a charge at the Land Registry.
Are all Conveyancing Quality Solicitors on the Swansea Building Society conveyancing panel?
It is true that some banks and building societies now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
Can I be sure that the solicitor on the Swansea Building Society panel is any good?
obtaining recommendations is a sensible starting point. 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 suggest that you speak with the lawyer conducting your conveyancing
I am selling my flat. I had a double glazing fitted in month 2010 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 saying indemnity insurance will be fine but Swansea Building Society are insisting on 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.