West Bromwich Mortgage Company 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. It is a unique risk management tool.

This system assists the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with alerts on West Bromwich Mortgage Company’s changes. Notwithstanding that using this technology is not a prerequisite for West Bromwich Mortgage Company , demonstrating you can stay up to date with West Bromwich Mortgage Company’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, safeguard your firm’s panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, results in a PII saving.

Find a Law Firm approved by West Bromwich Mortgage Company

Banks and building societies frequently vary their requirements. The BSA instructions from West Bromwich Mortgage Company 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 Mortgage Company has made 111 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 24.6 days. In total, 41% of the sections of the BSA Requirements for West Bromwich Mortgage Company have been changed since 26/1/2010.

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Recent Changes Include

# Date Assoc. Changes Related To
D.55 26/06/2018 BSA
Shared Ownership and Shared Equity
West Bromwich Mortgage Company requirements for conveyancing panel lawyers for lending on affordable housing, shared equity and shared ownership properties
D.34 11/04/2017 BSA
Leasehold Conveyancing
West Bromwich Mortgage Company panel lawyers leasehold conveyancing requirements : minimum unexpired lease term
E.33 22/06/2015 BSA
Post Completion Conveyancing
Which documents should approved lawyersfor West Bromwich Mortgage Company send the title deeds and documents following completion?
A.3 24/02/2014 BSA
General Mortgage Instructions
Contact details at West Bromwich Mortgage Company for conveyancing panel lawyers to if West Bromwich Mortgage Company will lend when borrower and mortgagor are not one and the same.
B.12 24/02/2014 BSA
Sellers not having Legal Representation
Contact details at West Bromwich Mortgage Company for approved lawyers where there seller is not represented by a solicitor or licensed conveyancer .
C.2 24/02/2014 BSA
Mortage valuation
Do West Bromwich Mortgage Company arrange for there to be a valuation report and if so, do they provide it to their approved lawyers ?
C.15 24/02/2014 BSA
New Build Conveyancing
West Bromwich Mortgage Company panel conveyancer requirements for New Build Conveyancing : will the West Bromwich Mortgage Company proceed if the property does not have the benefit of a new home warranty scheme
C.21 24/02/2014 BSA
Easements
West Bromwich Mortgage Company requirements for conveyancing panel lawyers for lack of enforcability of necessary easements
D.22 24/02/2014 BSA
Planning Permission and Building Regulation Consent
West Bromwich Mortgage Company panel lawyers clarification as to whether they need to send an original/copy of any building regulation consents and planning permissions
E.1 24/02/2014 BSA
General Mortgage Instructions
Contact details at West Bromwich Mortgage Company for approved lawyers to obtain mortgage documentation

Last update 11/01/2019

Common questions asked concerning the West Bromwich Mortgage Company Solicitor Panel from members of the public

I have been advised by my broker that I have to pay West Bromwich Mortgage Company fees if I use my own solicitor. How efficient are the West Bromwich Mortgage Company conveyancing panel solicitors? I dont care which law firm I use as long as they're good and not exorbitantly priced. Would you recommend a specific law firm on the West Bromwich Mortgage Company panel?
West Bromwich Mortgage Company’s conveyancing panel is pretty large so it would be advisable to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that West Bromwich Mortgage Company will allow to act for them.
Our conveyancer has uncovered a legal deficiency with the lease for the flat we are buying. The other side have put forward defective title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor has advised that as he is on the West Bromwich Mortgage Company conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is West Bromwich Mortgage Company?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and West Bromwich Mortgage Company are the client. A precondition to being on the West Bromwich Mortgage Company approved panel is to comply with the CML Handbook requirements (last updated for this lender on West Bromwich Mortgage Company). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that West Bromwich Mortgage Company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the West Bromwich Mortgage Company conveyancing panel. My lawyer has said that they are on the West Bromwich Mortgage Company approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the West Bromwich Mortgage Company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the West Bromwich Mortgage Company solicitor panel.
I am in the process of refinancing my home does my lawyer need to be on the West Bromwich Mortgage Company Solicitor panel?
There is nothing to stop you using your solicitor but West Bromwich Mortgage Company will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Do the majority of 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 Mortgage Company conveyancing panel requirements are different to West Bromwich Mortgage Company’s conveyancing panel criteria.
Is it common for West Bromwich Mortgage Company to withdraw a mortgage offer and what would be the reasoning?
Lenders such as West Bromwich Mortgage Company can withdraw their mortgage offer although this rarely happens. should West Bromwich Mortgage Company withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are 5 examples:
  • Where information comes to West Bromwich Mortgage Company ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
  • Amendments if purchase price adjusted and the loan to value limits exceeded by this. Please note that West Bromwich Mortgage Company conveyancing panel solicitors would be obliged to notify West Bromwich Mortgage Company of a change in the price of the property.
  • Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
  • Where the lender has to take account a recent change in law
  • Where the lender is on notice of a restriction or a right of pre-emption which is not at market value
West Bromwich Mortgage Company have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up West Bromwich Mortgage Company or your broker and complete any relevant paperwork. West Bromwich Mortgage Company will tell you what documents they want. West Bromwich Mortgage Company will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. West Bromwich Mortgage Company will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.