West Bromwich Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders 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 alerts on West Bromwich Building Society’s changes. Notwithstanding that using COMPLETIONmonitor is not a prerequisite for West Bromwich Building Society , 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.

The system generates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by West Bromwich Building Society

Lenders often change 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, frequently:

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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FAQs for the West Bromwich Building Society Conveyancing Panel from members of the public

For what reasons would a law firm be excluded from the West Bromwich Building Society solicitor panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been removed from a lender panel. The most common reasons in order are :
  1. lack of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by West Bromwich Building Society
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.
Do all mortgage companies provide you with an approved list of solicitors? How do you know who is on the West Bromwich Building Society conveyancing panel?
The law firm practices themselves provide us confirmation that they are on the West Bromwich Building Society conveyancing panel as opposed to being supplied with a list from West Bromwich Building Society directly.
We're in London, FTBs purchasing with a mortgage (lender is West Bromwich Building Society , but our solicitor is on the West Bromwich Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the West Bromwich Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Do most banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the West Bromwich Building Society conveyancing panel requirements are different to West Bromwich Building Society’s conveyancing panel requirements.
I have a mortgage with West Bromwich Building Society. My godfather 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 will it roughly 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. There's no capital gains tax for you as it is your main residence.
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What should be my next step? When should I get the mortgage app going with West Bromwich Building Society?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the West Bromwich Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with West Bromwich Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.