Teachers Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online 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 system facilitates the way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with notifications given on Teachers Building Society’s changes. Notwithstanding that utilising this technology is not a condition for acceptance on the Teachers Building Society panel, demonstrating you can remain up to date with Teachers Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, protect your panel status.

The software generates 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 many firms, results in reduced PII premiums.

Find a Law Firm approved by Teachers Building Society

Banks and building societies often vary their requirements. The BSA instructions from Teachers 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 2010, Teachers Building Society has made 10 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 273.0 days. In total, 8% of the sections of the BSA Requirements for Teachers Building Society have been changed since 26/1/2010.

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Teachers Building Society Conveyancing Panel Sample Enquires to our Call Center from members of the public

I have been advised by my broker that I have to pay Teachers Building Society fees should I instruct my family lawyer. How efficient are the Teachers Building Society conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH as long as they're good and not exorbitantly priced. Would you recommend a specific law firm on the Teachers Building Society panel?
Teachers Building Society’s conveyancing panel is substantial so it would be advisable to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Teachers Building Society will allow to act for them.
My solicitor has identified a discrepancy when comparing the assumptions in Teachers Building Society’s home valuation survey and what is revealed within the legal papers for the property. My lawyer has advised that as he is on the Teachers Building Society conveyancing panel he is duty bound to check that the bank is with this discrepancy and is still content to lend. Is my solicitor’s stance appropriate?
A precondition to being on the Teachers Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Teachers Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Do all the licensed conveyancers and solicitor practices listed on your directory have online case tracking as I was under the impression that this was a precondition of being on the Teachers Building Society solicitor panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
My conveyancers in Manchester have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Teachers Building Society. Is it case that being on the Teachers Building Society conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Teachers Building Society Conveyancing Panel Terms. It might be worth you contacting Teachers Building Society directly.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Teachers Building Society be concerned
Given that you are obtaining a mortgage with Teachers Building Society your lawyer must to check the Teachers Building Society conveyancing instructions contained in the Part of CML Handbook for Teachers Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Teachers Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
I have had an offer accepted on a flat I spoke to a conveyancer previously used by my mum and he advised instructing a law firm approved by Teachers Building Society. The estate agent recommended two local firms so I asked Teachers Building Society if the 2 suggested solicitors are approved, which they are not. Teachers Building Society pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Teachers Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Teachers Building Society to suggest a law firm in your location. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Teachers Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Teachers Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Teachers Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with Teachers Building Society?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Teachers Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Teachers Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.