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Tipton Coseley 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 Tipton Coseley Building Society Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the Tipton Coseley Building Society Conveyancing Panel?
Check your firm’s panel Status

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. It is supported by PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk mitigation tool.

This software is the only way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on Tipton Coseley Building Society’s changes. Even though utilising this technology is not a condition for acceptance on the Tipton Coseley Building Society panel, demonstrating you can remain up to date with Tipton Coseley 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 compliance and CQS reports, and will improve your firm's efficiency. It is also simply to use, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by Tipton Coseley Building Society

Mortgage companies 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, frequently:

A Timeline of Policy Changes


Since 2008, Tipton Coseley Building Society has made 70 revisions or additions to sections of their version of the UK Finance Handbook.
That equates to a section change every 39.0 days. In total, 29% 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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Q and A’s regarding the Tipton Coseley Building Society Solicitor Panel from members of the public

Much to my surprise I have been told by my lender that my lawyer is not on the Tipton Coseley Building Society Conveyancing panel. How can I check?
The first thing you need to do is to contact your conveyancer. You lawyer should advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the the approved Tipton Coseley Building Society solicitor panel.
Can you help?. For no fault of my lawyer but, my purchase conveyancing has been going on for months. The Local Authority Search from Tipton Coseley Building Society was dated random date and we have agreed a date for me to move into the property on Tues etc. My solicitor informs me that as she is on the Tipton Coseley Building Society conveyancing panel she needs to redo the searches as they are now out of date.
One of the many conditions to being on the Tipton Coseley Building Society approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Tipton Coseley Building Society)which specifies that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Tipton Coseley Building Society.
How up to date is your database of lawyers on 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.
Can you clarify what the consequences are if my lawyer’s firm is suspended from the Tipton Coseley Building Society Solicitor panel in advance of the moving date as agreed at exchange of contracts?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I have a mortgage with Tipton Coseley Building Society. My godfather has just retired and wants to pay off my mortgage. After Tipton Coseley Building Society is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Tipton Coseley Building Society conveyancing panel? I do not intend to live at the property once the Tipton Coseley Building Society mortgage is discharged.
You will need a solicitor but they need not be on the Tipton Coseley Building Society conveyancing 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. There's no capital gains tax for you as it is your main residence.
The for formalities of my purchase has taken place with a loan from Tipton Coseley Building Society. Conveyancing was satisfactory but I feel I should register my dissatisfaction about Tipton Coseley Building Society. How does one go about formally complaining?
All banks and building societies have complaints procedures. Your first port of call should be one of the Tipton Coseley Building Society branches or the Customer Services Department at Tipton Coseley Building Society head office. Ordinarily complaints to Tipton Coseley Building Society are resolved effectively and efficiently. If you feel that the matter is not resolved you can write to the Financial Ombudsman Service with full details of your complaint.
We are are taking a long lease of a house in Hendon. Conveyancing solicitors in Hendon need to beretained. My fatheradvised that we enquire that the property lawyer in Hendon is on the Tipton Coseley Building Society panel. Is this really necessary?
A limited percentage of Hendon conveyancing firms are on the Tipton Coseley Building Society conveyancing panel. 5 people a month use our search tool to locate a Hendon conveyancing solicitor on the on the Tipton Coseley Building Society approved list of lawyers.

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