Tipton Coseley Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the CML and professional indemnity insures. It is a unique risk management tool.

This software optimises the way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on Tipton Coseley Building Society’s changes. While using 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, protect your firm’s panel status.

The software generates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, results in a PII saving.

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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 60 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 45.5 days. In total, 26% 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
5.14.1 01/12/2014 CML
Leasehold Conveyancing
Tipton Coseley Building Society approved lawyers leasehold conveyancing requirements : minimum unexpired lease term
3.1.5 01/12/2014 CML
ID Documentation
Tipton Coseley Building Society panel lawyers requirements re ID Documentation: Further acceptable documents (if any)
17.2.1b 12/07/2013 CML
Evidence of Discharge of Mortgage
Do Tipton Coseley Building Society send the discharge via a DS 1 form or direct with the Land Registry?
5.15.2c 17/04/2013 CML
Leasehold Conveyancing : Management Company
Tipton Coseley Building Society approved lawyers leasehold conveyancing requirements : requirement as to whether a copy of the signed blank stock transfer form needs to be sent to them
5.5.3b 17/04/2013 CML
Planning Permissions
Tipton Coseley Building Society approved lawyers clarification as to whether they need to send an original/copy of any planning permissions
Lack of Planning Permission Indemnity Insurance
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
5.20.3 17/04/2013 CML
Panels PV Solar
Existence of additional requirements set by Tipton Coseley Building Society for approved lawyers relating to leases of roof space for solar PV panels, and if so, what they are.
17.2.1b 01/12/2010 CML
Evidence of Discharge of Mortgage
Do Tipton Coseley Building Society send the discharge via a DS 1 form or direct with the Land Registry?
4.1 01/12/2010 CML
Mortage valuation
Do Tipton Coseley Building Society arrange for there to be a valuation report and if so, do they provide it to their conveyancing panel lawyers ?
6.6.4 01/12/2010 CML
Houses in Multipe Occupation
Tipton Coseley Building Society panel conveyancer requirements where the property comes within the definition of a house in multiple occupation

Last update 14/11/2018

Q and A’s regarding the Tipton Coseley Building Society Conveyancing Panel from members of the public

I am obtaining a mortgage offer from Tipton Coseley Building Society. I hope to employ the services of a Licensed Conveyancer. Does the Tipton Coseley Building Society Solicitor panel exclude Licensed Conveyancers
Tipton Coseley Building Society’s approved solicitor list is, like many other lenders represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Expecting to complete my purchase next Friday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for Tipton Coseley Building Society. What risks do Tipton Coseley Building Society expect the insurance to cover?
Any lawyer on the Tipton Coseley Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Tipton Coseley Building Society’s Part 2 requirements of the CML Handbook (last updated on Tipton Coseley Building Society). Being on the Tipton Coseley Building Society conveyancing panel your lawyer is expect to follow these instructions.
I see that you have a post code search directory listing law firms on the Tipton Coseley Building Society conveyancing panel. Do firms pay you a commission if I instruct them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Tipton Coseley Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am remortgaging my apartment does my lawyer need to be on the Tipton Coseley Building Society Solicitor panel?
In theory, you could use a solicitor that is not on Tipton Coseley Building Society conveyancing panel, but Tipton Coseley Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Are all Conveyancing Quality Solicitors on the Tipton Coseley Building Society conveyancing panel?
It is true that some lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
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 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
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 Having read lots of house buying,I note that it is considered advisable to 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 normal?
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.