Teachers Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and professional indemnity insures. It is a unique risk management tool.

This software facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on Teachers Building Society’s changes. Even though utilising the software is not a condition for acceptance on the Teachers Building Society panel, demonstrating you can stay up to date with Teachers Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, safeguard your firm’s panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, leads to a PII saving.

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.

To find out more about lender panel compliance,

Book a Personalised Demo

FAQs for the Teachers Building Society Solicitor Panel from members of the public

On what basis would a firm of solicitors be excluded from the Teachers Building Society solicitor panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of solicitor practices had been excluded from a lender panel. The top reasons in order are :
  1. Low volume of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by Teachers Building Society
Much to my surprise my conveyancer has informed me that he requires identification documents stating that this is part of his obligations as a solicitor on the Teachers Building Society Solicitor panel. Can you confirm whether this is the case?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Teachers Building Society your lawyer also has to check ID documents to satisfy Teachers Building Society
I am planning to acquire a property and need a conveyancing solicitor in Birmingham who is on the Teachers Building Society solicitor. Could you point me in the right direction as regards a conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Teachers Building Society . We don’t recommend any particular firm.
I am attempting to get my ex-wife taken off the mortgage deeds. Can Teachers Building Society really insist on which solicitor I can or can not retain?
You can use any solicitor you like but Teachers Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Teachers Building Society solicitors panel
Are all solicitors on the Teachers Building Society conveyancing panel overseen by the SRA?
As solicitors, in order to be on the Teachers 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).
My husband and I are spending time viewing apartments and am about to put in an offer. Should I already have a conveyancer appointed at this stage? I I am planning to take a mortgage with Teachers Building Society
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Teachers Building Society , ask your prospective lawyers check they are on the Teachers Building Society conveyancing panel otherwise they can't do the mortgage legal work.
My existing mortgage is with Teachers Building Society. My godfather has just retired and wants to pay off my mortgage. After Teachers Building Society is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Teachers Building Society conveyancing panel? I do not intend to live at the property once the Teachers Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont need to be on the Teachers Building Society panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. As the property is your main residence you need not pay CGT but you should speak with your accountants in any event.