Tipton Coseley Building Society Conveyancing Lender Panel Compliance Tool

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Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

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

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

Find a Law Firm approved by Tipton Coseley Building Society

Banks and building societies frequently change 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.

To find out more about lender panel compliance,

Examples of recent questions relating to the Tipton Coseley Building Society Conveyancing Panel from members of the public

I appointed a firm of solicitors to conveyancing on my purchase 5 weeks ago having applied for a mortgage with Tipton Coseley Building Society. The firm assured me that they are on Tipton Coseley Building Society conveyancing panel and advised me their panel number. Tipton Coseley Building Society then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor listed on the approved panel for Tipton Coseley Building Society?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Tipton Coseley Building Society as to the time frame to get your lawyer reinstated on the panel once again.
Our lawyer has identified a defect with the lease for the flat we are buying. The other side have suggested title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer has advised that as he is on the Tipton Coseley Building Society conveyancing panel he must check that the lender is happy with this solution. Are we the client or is Tipton Coseley Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Tipton Coseley Building Society are the client. A precondition to being on the Tipton Coseley Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Tipton Coseley Building Society). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Tipton Coseley Building Society can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . 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.
How up to date is your search tool for the Tipton Coseley Building Society conveyancing panel? Do Tipton Coseley Building Society send you an updated list?
The firms themselves provide us confirmation that they are on the Tipton Coseley Building Society conveyancing panel as opposed to being supplied with a list from Tipton Coseley Building Society directly.
I would like to get my ex-wife taken off the mortgage deeds. Can Tipton Coseley Building Society really insist on which solicitor I can or can not retain?
You can use any solicitor you like but Tipton Coseley 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 Tipton Coseley Building Society solicitors panel
Last month we had a mortgage agreed in principle with Tipton Coseley Building Society. Solicitors have been appointed? How long does it take for Tipton Coseley Building Society to send the offer to our conveyancer
Some lenders take longer than others. Have Tipton Coseley Building Society conducted the survey? Have you advised Tipton Coseley Building Society as your lawyers details and checked that your lawyer is on the Tipton Coseley Building Society conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
Why might a lender such as Tipton Coseley Building Society withdraw a mortgage offer?
Banks and Building Societies such as Tipton Coseley Building Society can revoke their mortgage offer although this is unusual. should Tipton Coseley Building Society withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible 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 the loan amount agreed
  • Situations where information provided by the borrower that enabled the lender to make a lending decision is fraudulent, incorrect or misleading.
  • Where to proceed with the Mortgage offer would be unlawful
  • If the lender reasonably believe that the applicant, borrower, mortgagor or guarantor is insolvent or is about to become insolvent or has or will have a petition presented or if any one or all enter into any arrangement with their creditors generally or if any one or all should suffer a material change in their financial circumstances
I have instructed a lawyer having made sure that they are on the Tipton Coseley Building Society conveyancing panel. Does my lawyer arrange the survey of the property? Or I've 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 Tipton Coseley Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Tipton Coseley Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Tipton Coseley 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 Tipton Coseley Building Society you could contact your them to see if they have a list of approved surveyors.

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