West Bromwich Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This system is the only way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on West Bromwich Building Society’s changes. Notwithstanding that utilising this technology is not a condition for acceptance on the West Bromwich Building Society panel, demonstrating you can stay up to date with West Bromwich Building Society’s Handbook requirements is a helpful support to your panel application and, more importantly, protect your firm’s panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by West Bromwich Building Society

Banks and building societies often vary their requirements. The BSA instructions from West Bromwich 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 2010, West Bromwich Building Society has made 109 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 25.0 days. In total, 40% of the sections of the BSA Requirements for West Bromwich Building Society have been changed since 26/1/2010.

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West Bromwich Building Society Conveyancing Panel : Questions and Answers from members of the public

Can you please explain the reason why all solicitors aren't included on the West Bromwich Building Society Conveyancing panel?
Pre- 2008 most lenders had an appetite for risk which was higher than today. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors that you are dealing with. Consequently, lenders have regularly sought more information from law firms about their operations and the individuals who work for them and set certain criteria such a completing on a minimum number of transactions. Many firms that have been excluded from lender panels have 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of volume of transactions the lenders required.
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 West Bromwich Building Society will not agree to this. Why was West Bromwich Building Society even consulted?
Your lawyer being on the West Bromwich Building Society conveyancing panel is duty bound to inform West Bromwich Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to West Bromwich Building Society then they would have to discontinue acting for you and West Bromwich Building Society.
I need to find a West Bromwich Building Society panel solicitor in Stirling. Can you assist?
Unfortunately it’s not apparent why you need a West Bromwich Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to West Bromwich Building Society to find out which solicitors in West Bromwich Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
My aunt passed away six months ago and as sole heir and executor was left the house. The house had a small mortgage remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to West Bromwich Building Society , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then West Bromwich Building Society will insist on your using a conveyancer on the West Bromwich Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your West Bromwich Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the West Bromwich Building Society mortgage is registered as a charge at the Land Registry.
How can we tell if a solicitor on the West Bromwich Building Society panel is any good?
Getting recommendations is a good starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer carrying out your transaction
Last month we had a mortgage agreed in principle with West Bromwich Building Society. Solicitors have been appointed? What is the average time that one could expect to receive a mortgage offer from West Bromwich Building Society?
There is no definitive answer here. Have West Bromwich Building Society done the survey? Have you advised West Bromwich Building Society as your lawyers details and checked that your lawyer is on the West Bromwich Building Society conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
I have a mortgage with West Bromwich Building Society. My grandfather retired last week and wants to pay off my mortgage. After West Bromwich 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 West Bromwich Building Society conveyancing panel? I do not intend to live at the property once the West Bromwich Building Society mortgage is discharged.
You will need a solicitor but they need not be on the West Bromwich 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. As the property is your main residence you need not pay CGT but you should speak with your accountants in any event.