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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

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. It is supported by PI insurers. It is a unique risk mitigation tool.

This software optimises the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Tipton Coseley Building Society’s changes. Even though using COMPLETIONmonitor 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, just as importantly, safeguard your panel status.

The system generates real-time alerts, automatically produces COLP and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Tipton Coseley Building Society

Banks and building societies often 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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Examples of recent questions relating to the Tipton Coseley Building Society Solicitor Panel from members of the public

I am in the process of selling my house and the estate agent has just telephoned to say that the purchasers are appointing a new solicitor. I am told that this is due to the fact that Tipton Coseley Building Society will only deal with solicitors on their conveyancing panel. Why would a major mortgage company only work with certain solicitors?
UK lenders have always had panels of law firms they are willing to work with, but in the past few years big names such as HSBC, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 25 years.

Banks point to the increase in fraud by way of justification for the cull – criteria have been tightened and a smaller panel should be easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels, or have other concerns about them. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyer’s case. Your purchasers are unlikely to have any sway in the decision.

We are getting closer to an exchange and my mum and dad having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender Tipton Coseley Building Society. I am advised that, being on the Tipton Coseley Building Society conveyancing panel and acting on their behalf he must inform Tipton Coseley Building Society if the balance of the mortgage advance is coming from anyone other than me. I informed the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with Tipton Coseley Building Society to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Tipton Coseley Building Society if you agree, failing which, your lawyer must cease to continue acting.
What tools are available to find a local solicitor on the Tipton Coseley Building Society conveyancing panel? I have a car and am prepared to travel up to 10 kilometers to meet the lawyer.
You can use the find a conveyancing panel tool on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Tipton Coseley Building Society solicitor panel.
I would like to get my ex-husband removed the mortgage deeds. Can Tipton Coseley Building Society really tell me which solicitor I can or can not instruct?
You can use any solicitor you like but Tipton Coseley Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Tipton Coseley Building Society solicitors panel
We are getting a further advance on our mortgage from Tipton Coseley Building Society as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Tipton Coseley Building Society conveyancing panel to deal with the legals?
Tipton Coseley Building Society do not ordinarily instruct a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Tipton Coseley Building Society list
My husband and I are at the point of looking at flats and now considering a potential offer. Is it premature to have a solicitor in place? I intend to finance via a home loan with Tipton Coseley Building Society
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Tipton Coseley Building Society , ask your prospective lawyers check they are on the Tipton Coseley Building Society conveyancing panel otherwise they can't do the mortgage legal work.
I have a mortgage with Tipton Coseley Building Society. My grandfather retired last week and wants to pay off the mortgage left on the property. 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.

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