Tipton Coseley Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers. It is a unique risk management tool.

This system assists the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on Tipton Coseley Building Society’s changes. Notwithstanding that utilising the tool is not a prerequisite for Tipton Coseley Building Society , 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, more importantly, safeguard your panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces compliance and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by Tipton Coseley Building Society

Banks and building societies 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
14.2.2 30/03/2017 CML
Post Completion Conveyancing
Which documents should approved lawyersfor Tipton Coseley Building Society send the title deeds and documents following completion?
6.7.1 12/10/2016 CML
New Build Conveyancing
Tipton Coseley Building Society approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
3.1.4 01/12/2014 CML
details of the seller's solicitors or licensed conveyancers
3.1.6 01/12/2014 CML
verification of identity
5.14.1 01/12/2014 CML
Leasehold Conveyancing
Tipton Coseley Building Society panel lawyers leasehold conveyancing requirements : minimum unexpired lease term
6.14.2 01/12/2014 CML
requirement that all insurance risks are included
6.14.1 01/12/2014 CML
Building Insurance
Tipton Coseley Building Society approved lawyers additional requirements concerning building insurance
5.14.13 17/04/2013 CML
Leasehold Conveyancing
Tipton Coseley Building Society approved lawyers leasehold conveyancing requirements : requirement as to whether a copy of the notice or evidence of service of Notice of Charge needs to be sent to them
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?

Last update 12/07/2019

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

I appointed a firm of solicitors to conduct the legal paperwork on my remortgage 4 weeks ago having applied for a mortgage with Tipton Coseley Building Society. The firm reassured me that they are on Tipton Coseley Building Society conveyancing panel and provided me their panel number. Tipton Coseley Building Society then called me to say that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor currently on the conveyancing 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.
My partner and I intend to remortgage our flat with Tipton Coseley Building Society. We have a son 19 who lives with us. The solicitor on the Tipton Coseley Building Society conveyancing panel requested us to identify any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have two questions (1) Is this document specific to the Tipton Coseley Building Society conveyancing panel as he never had to sign this form when we remortgaged 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Tipton Coseley Building Society .This is solely used to protect the Tipton Coseley Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Tipton Coseley Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Tipton Coseley Building Society conveyancing panel. My lawyer has said that they are on the Tipton Coseley Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Tipton Coseley Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Tipton Coseley Building Society solicitor panel.
I am considering applying for a Tipton Coseley Building Society mortgage for purchase of a new build (under development) with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Tipton Coseley Building Society?
There is nothing to stop you using your solicitor but Tipton Coseley 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.
We have a mortgage agreed in principle with Tipton Coseley Building Society. Solicitors have been appointed? What is the average time that one could expect to receive a mortgage offer from Tipton Coseley Building Society?
There is no definitive answer here. Have Tipton Coseley Building Society completed 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
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Tipton Coseley Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Tipton Coseley Building Society your lawyer must to check the Tipton Coseley Building Society conveyancing instructions contained in the Part of CML Handbook for Tipton Coseley Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Tipton Coseley Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
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.