Tipton Coseley Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the CML and professional indemnity insures. COMPLETIONmonitor is a unique risk management tool.

This software assists the way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with notifications given on Tipton Coseley Building Society’s changes. Notwithstanding that utilising COMPLETIONmonitor is not a condition for acceptance on the Tipton Coseley Building Society panel, demonstrating you can stay up to date with Tipton Coseley Building Society’s Handbook requirements is an excellent support to your panel application and, more importantly, protect your panel standing.

The system creates 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 reduced PII premiums.

Find a Law Firm approved by Tipton Coseley Building Society

Lenders frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Tipton Coseley 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, Tipton Coseley Building Society has made 63 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 43.3 days. In total, 27% of the sections of P2 of the UK Finance Lenders’ Handbook for Tipton Coseley Building Society have been changed since 15/12/2008.

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FAQs for the Tipton Coseley Building Society Conveyancing Panel from members of the public

My Solicitor has never been on on the Tipton Coseley Building Society Approved Panel. Can I still continue with my preferred solicitor notwithstanding that they are not on the Tipton Coseley Building Society panel?
The most common options here are as follows:
  1. Carry on with your existing lawyers but Tipton Coseley Building Society will need to instruct a lawyer on the Tipton Coseley Building Society conveyancing panel. This will result in additional cost and potential delay.
  2. Get a new solicitor to act in the purchase, obviously checking they are on the Tipton Coseley Building Society conveyancing panel.
  3. Convince your lawyer to do everything within their powers to join the Tipton Coseley Building Society conveyancing panel
Our grandson is buying a new build apartment with a mortgage from Tipton Coseley Building Society. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Tipton Coseley Building Society conveyancing panel as a standard part of the process, and to the surveyor when requested.

The Developer will be required to start the process by downloading the form and completing it.

The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Tipton Coseley Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Your search tool is useful but there are many lawyers listed near Coventry on the Tipton Coseley Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Tipton Coseley Building Society ?
We do not recommend specific firms 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. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
The lawyers that I appointed last week on my house acquisition in Brighton has suddenly shut down. I only went with them because I had to have a solicitor on the Tipton Coseley Building Society conveyancing panel and my preferred lawyer was not. I gave them a cheque for £150 in advance. What are my options?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Tipton Coseley Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist
Are all Conveyancing Quality Solicitors on the Tipton Coseley Building Society conveyancing panel?
Some major banks and building societies now use CQS as the starting point for Panel approval such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
I am about to exchange contracts on a purchase with a mortgage from Tipton Coseley Building Society. The report from my solicitor mentions that Tipton Coseley Building Society could withdraw their offer before completion. Is this right?
Banks and Building Societies such as Tipton Coseley Building Society can withdraw their mortgage offer although this rarely happens. should Tipton Coseley Building Society withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are 5 examples:
  • Tipton Coseley Building Society may amend or withdraw an offer if the Tipton Coseley Building Society conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
  • If the borrower informs Tipton Coseley Building Society of a change in security address
  • Situations where information provided by the borrower that enabled the lender to make a lending decision is fraudulent, incorrect or misleading.
  • Where the sale is not at arms length for value to unconnected persons
  • Where the lender is on notice of a restriction or a right of pre-emption which is not at market value
My ex -wife’s name is on the Tipton Coseley Building Society mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Tipton Coseley Building Society mortgage in order to sell?
As regards the Tipton Coseley Building Society mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Tipton Coseley Building Society in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.