West Bromwich Mortgage Company Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. It is a unique risk mitigation tool.

This system is the only way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with notifications given on West Bromwich Mortgage Company’s changes. Notwithstanding that utilising the tool is not a condition for acceptance on the West Bromwich Mortgage Company panel, demonstrating you can stay up to date with West Bromwich Mortgage Company’s Handbook requirements is an excellent support to your panel application and, just as importantly, protect your panel status.

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

Find a Law Firm approved by West Bromwich Mortgage Company

Mortgage companies often change 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.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
D.55 26/06/2018 BSA
A.3 22/06/2015 BSA
E.12 22/06/2015 BSA
E.33 22/06/2015 BSA
B.22 07/10/2014 BSA
A.10 24/02/2014 BSA
B.12 24/02/2014 BSA
C.21 24/02/2014 BSA
C.27 24/02/2014 BSA
C.12 03/12/2012 BSA

Last update 26/05/2019

West Bromwich Mortgage Company Solicitor Panel Sample Enquires to our Call Center from members of the public

Am I correct in assuming that the fact that my solicitor is not isted on the West Bromwich Mortgage Company Solicitor panel that there is a problem with the quality of his work?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal 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. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for West Bromwich Mortgage Company.
I am due to complete my purchase next Monday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as as he informs me that he is duty bound to validate that it is in order for West Bromwich Mortgage Company. What does the insurance need to cover?
Any lawyer on the West Bromwich Mortgage Company 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 West Bromwich Mortgage Company’s Part 2 requirements of the CML Handbook (last updated on West Bromwich Mortgage Company). Being on the West Bromwich Mortgage Company conveyancing panel your lawyer is expect to follow these requirements.
I note that you have a search directory listing solicitors on the West Bromwich Mortgage Company conveyancing panel. Do firms pay you a referral fee if I instruct them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the West Bromwich Mortgage Company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am considering applying for a West Bromwich Mortgage Company mortgage for purchase of a new build (under development) with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for West Bromwich Mortgage Company?
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 greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Is it common for West Bromwich Mortgage Company to withdraw a mortgage offer and what would be the reasoning?
Banks and Building Societies such as West Bromwich Mortgage Company can revoke their mortgage offer although this is unusual. should West Bromwich Mortgage Company withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are various possible reasons but here are a number of examples:
  • 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.
  • A cashback to the buyer, or | part of the price includes a non-cash incentive to the buyer (eg paid stamp duty land tax),or | any indirect incentive (cash or non cash) or rental guarantee, of which the lender was previously unaware
  • Following advice from the property assessor on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
  • Where the sale is not at arms length for value to unconnected persons
  • If the lender reasonably believe that the applicant, borrower, mortgagor or guarantor is insolvent or is about to become insolvent or has or will have a petition presented or if any one or all enter into any arrangement with their creditors generally or if any one or all should suffer a material change in their financial circumstances
I was told two weeks ago that my mortgage has been agreed to by West Bromwich Mortgage Company. Is it usual for West Bromwich Mortgage Company to only issue the offer once my solicitor is approved on their conveyancing panel?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for West Bromwich Mortgage Company to deal with your lawyers application to be on the West Bromwich Mortgage Company conveyancing panel. There's no guarantee that your solicitors will be accepted.
Sometime soon me and my wife are buying a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon are preferred to beappointed. My colleaguesuggested that we enquire that the property lawyer in Hendon is on the West Bromwich Mortgage Company list of approved conveyancing firms. Aren't all lawyers on the West Bromwich Mortgage Company panel?
Not all Hendon conveyancing practices are on the West Bromwich Mortgage Company conveyancing panel. Click here to search for a Hendon conveyancing firm on the on the West Bromwich Mortgage Company solicitors pane.