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Teachers 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 Teachers Building Society Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the Teachers 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 professional indemnity insurers. 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 requirements, with notifications given on Teachers Building Society’s changes. While using this technology is not a condition for being 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, more importantly, protect your firm’s panel standing.

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

Find a Law Firm approved by Teachers Building Society

Lenders 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 14 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 195.0 days. In total, 12% 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 : Questions and Answers from members of the public

A lawyer my husband and I wanted to use for conveyancing on a remortgage said he would charge more if my lender is due to their unusual legal requirements. Am I likely to be frustrated using Teachers Building Society? Any comments will be appreciated
Teachers Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders. It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender. It is not clear if your lawyer is on the Teachers Building Society conveyancing panel. If they are not, this does add further risk of delay as Teachers Building Society will appoint their own solicitors to look after their interest.
Please help. My lawyer is advising me that she is duty-bound to apply for a Local Authority search because the firm are on the Teachers Building Society approved lawyer panel. The searches cost a lot of money. Can this be avoided?
You have limited options available to you. As you are taking a mortgage with Teachers 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 Teachers Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Teachers Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Whilst your website is a good idea there are many lawyers listed near Newcastle on the Teachers Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Teachers Building Society ?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I am thinking of mortgaging my flat does my lawyer have to be on the Teachers Building Society Conveyancing panel?
There is nothing to stop you using your solicitor but Teachers 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.
Are all Conveyancing Quality Solicitors on the Teachers Building Society conveyancing panel?
Some major banks and building societies now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is 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 join their approved list of conveyancing solicitors.
I currently have a mortgage with with Teachers Building Society. Conveyancing has been completed 12 months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Teachers Building Society?
You must advise Teachers Building Society in advance of letting out your property as this is likely to be a breach of Teachers Building Society’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Teachers Building Society directly. It should not be necessary to do this via a Teachers Building Society conveyancing panel lawyer.
After shopping around on the internet I have found a solicitor having checked that they are on the Teachers Building Society conveyancing panel. Does my lawyer arrange the survey of the property? Or Having read lots of mortgage guides,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the Teachers Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Teachers Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Teachers Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Teachers Building Society you could contact your them to see if they have a list of approved surveyors.

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