Tipton Coseley Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers such as AmTrust. It is a unique risk mitigation tool.

This software optimises the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with alerts on Tipton Coseley Building Society’s changes. While using 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 application to their lender panel and, just as importantly, protect your firm’s panel status.

The software creates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for many firms, results in a PII saving.

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 61 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 44.8 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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Recent Changes Include

# Date Assoc. Changes Related To
5.14.1 14/03/2016 CML
Leasehold Conveyancing
Tipton Coseley Building Society panel lawyers leasehold conveyancing requirements : minimum unexpired lease term
5.5.1a 01/12/2014 CML
requirements in terms of time for planning consents
6.14.1b 01/12/2014 CML
buildings insurance in joint names or lender interest noted
6.14.4 01/12/2014 CML
sending a copy of the buildings insurance policy and last premium
6.14.1 01/12/2014 CML
Building Insurance
Tipton Coseley Building Society panel lawyers additional requirements concerning building insurance
5.15.2c 17/04/2013 CML
Leasehold Conveyancing : Management Company
Tipton Coseley Building Society panel lawyers leasehold conveyancing requirements : requirement as to whether a copy of the signed blank stock transfer form needs to be sent to them
5.5.3c 17/04/2013 CML
Building Regulation Consent
Tipton Coseley Building Society approved lawyers clarification as to whether they need to send an original/copy of any building regulation consents
6.6.3 17/04/2013 CML
Buy to Let Conveyancing
Tipton Coseley Building Society approved lawyers requirements concerning receiving counterpart/certified copy tenancy agreements
10.2a 01/12/2010 CML
Mortgage Advance and Certificate of Title
Do Tipton Coseley Building Society send the mortgage advance electronically or by cheque?
5.5.1a 01/12/2010 CML
requirements in terms of time for planning consents

Last update 14/03/2019

Common questions asked concerning the Tipton Coseley Building Society Conveyancing Panel from members of the public

My IFA has says he needs my lawyer’ panel reference for the Tipton Coseley Building Society conveyancing panel. How do I discover this. I have contacted my local Tipton Coseley Building Society office but they have not responded to me.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Tipton Coseley Building Society.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Tipton Coseley Building Society will not agree to this. Why was Tipton Coseley Building Society even consulted?
Your lawyer being on the Tipton Coseley Building Society conveyancing panel is duty bound to inform Tipton Coseley Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Tipton Coseley Building Society then they would have to discontinue acting for you and 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 solicitor is removed from the Tipton Coseley Building Society Conveyancing panel prior to the completion date?
First, this is very unlikely to happen. 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 for a fee.
Can you point me to a directory of Tipton Coseley Building Society panel conveyancers on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
We were going to get a DIP from Tipton Coseley Building Society this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Tipton Coseley Building Society recommend a solicitor on the Tipton Coseley Building Society conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Tipton Coseley Building Society conveyancing panel. The solicitor represents both you and the Tipton Coseley Building Society through the process.
Tipton Coseley Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Tipton Coseley Building Society or your broker and complete any relevant paperwork. Tipton Coseley Building Society will tell you what documents they want. Tipton Coseley Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Tipton Coseley Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.