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 professional indemnity insures. It is a unique risk management tool.

This software assists the way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with automatic updates on Swansea Building Society’s changes. Notwithstanding that 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 application to their lender panel and, just as importantly, safeguard your firm’s panel status.

The system creates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Swansea Building Society

Mortgage companies 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 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,

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Recent Changes Include

# Date Assoc. Changes Related To
16.4.2 08/08/2017 CML
16.5.3a 08/08/2017 CML
1.7 08/08/2017 CML
5.16.2 08/08/2017 CML
5.19.1 08/08/2017 CML
6.3.1 08/08/2017 CML
5.7.1c 08/08/2017 CML
5.5.1b 01/12/2014 CML
6.14.1b 01/12/2014 CML
6.14.3 01/12/2014 CML

Last update 28/03/2020

FAQs : The Swansea Building Society Conveyancing Panel from members of the public

I have been advised by my broker that I have to pay Swansea Building Society fees if I use my own solicitor. How good are the Swansea Building Society conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH provided that they are 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.
can you help? My conveyancer is informing me me that she is duty-bound to apply for a Local Authority search because the firm are on the Swansea Building Society solicitor panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with Swansea Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Swansea Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Swansea Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
What tools are available to search for a local solicitor on the Swansea Building Society conveyancing panel? I have a car and am prepared to travel up to 20 kilometers to meet the solicitor.
You can use the find a conveyancing panel tool on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Swansea Building Society solicitor panel.
I am remortgaging my home does my lawyer need to be on the Swansea Building Society Conveyancing panel?
There is nothing to stop you using your solicitor but Swansea Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
How can we tell if a solicitor on the Swansea Building Society panel is any good?
Getting 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 suggest that you speak with the solicitor handling your conveyancing
Swansea Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Swansea Building Society or your broker and complete any relevant paperwork. Swansea Building Society will tell you what documents they want. Swansea Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Swansea Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
My brother and I are taking a long lease of a terraced house in Hendon. Conveyancing solicitors in Hendon will soon beinstructed. My motheradvised that we check that the conveyancing practitioner in Hendon is on the Swansea Building Society approved list of lawyers. Aren't all lawyers on the Swansea Building Society panel?
A limited percentage of Hendon conveyancing firms are on the Swansea Building Society conveyancing panel. Use the above search tool to find a Hendon conveyancing practitioner on the on the Swansea Building Society approved list of lawyers.