Tipton Coseley Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. It is a unique risk management tool.

This system facilitates 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. Even though using the tool is not a prerequisite for Tipton Coseley Building Society , demonstrating you can remain up to date with Tipton Coseley Building Society’s Handbook requirements is an excellent support to your panel application and, more importantly, safeguard your panel standing.

The software generates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, results in reduced PII premiums.

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 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.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
6.4.4 17/02/2016 CML
5.5.1b 01/12/2014 CML
5.20.4 06/08/2013 CML
6.6.3 17/04/2013 CML
5.20.1 17/04/2013 CML
5.20.3 17/04/2013 CML
5.4.6 10/05/2012 CML Local Search Indemnity Insurance
16.1.1 01/12/2010 CML
4.1 01/12/2010 CML
5.5.1a 01/12/2010 CML

Last update 13/01/2019

Tipton Coseley Building Society Conveyancing Panel : Questions and Answers from members of the public

I appointed a firm of solicitors to conveyancing on my house purchase six weeks ago having applied for a mortgage with Tipton Coseley Building Society. The firm confirmed to me that they are on Tipton Coseley Building Society conveyancing panel and gave 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? Do I instruct a different law firm currently on the approved panel for Tipton Coseley Building Society?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Tipton Coseley Building Society conveyancing panel 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 solicitor has spotted a discrepancy between the assumptions in Tipton Coseley Building Society’s valuation survey and what is revealed within the conveyancing documents. My lawyer has advised that as he is on the Tipton Coseley Building Society conveyancing panel he must ensure that the bank is with this discrepancy and is still content to lend. Is my conveyancer’s approach appropriate?
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) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Your search tool is useful but there are many lawyers listed near Chelsea on the Tipton Coseley Building Society conveyancing panel. Can you recommend a specific firm on the Tipton Coseley Building Society approved panel?
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. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I was due to complete on my flat last Friday. My lawyer’s firm is on the Tipton Coseley Building Society conveyancing panel but has changed address 8 weeks ago and had not advised Tipton Coseley Building Society of their new address. Tipton Coseley Building Society is now refusing to release my funds as the information from the solicitors isn't correct.
This is as unusual as it is unlucky. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Tipton Coseley Building Society branch or your mortgage broker to see if they can assist.
Are all solicitor firms on the Tipton Coseley Building Society conveyancing panel overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Tipton Coseley Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to move forward? I hope to get a mortgage with Tipton Coseley Building Society. Is it possible to avoid using solicitors to save on the costs? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Tipton Coseley Building Society involved you will need to appoint a solicitor on the Tipton Coseley Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Tipton Coseley Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Tipton Coseley Building Society conveyancing panel.
We are are acquiring a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon need to beretained. My brother-in-lawadvised that we make sure that the conveyancing practitioner in Hendon is on the Tipton Coseley Building Society list of approved conveyancing firms. Is this right?
Far from all Hendon conveyancing firms are on the Tipton Coseley Building Society conveyancing panel. Use the above search tool to locate a Hendon conveyancing firm on the on the Tipton Coseley Building Society panel.