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Dudley Building Society Solicitor Panel: Recently Asked Questions
Do Dudley Building Society or the CML run CPD Courses for the
Dudley Building Society approved conveyancing panel in the same way that CQS run CPD Courses for accredited firms?
The Council of Mortgage Lenders (or the BSA) do not involve themselves in training however they do organise numerous useful conveyancing related conferences which are attended by firms on the Dudley Building Society conveyancing panel. We do intend to run specific lender focused seminars in the coming months including a webinar on Dudley Building Society’s Part 2 requirements. Solicitors on the Dudley Building Society conveyancing panel will be invited. Further details will be made available as part of the LENDERmonitor P2 change Notifications.
A recent SRA survey reveals that 76% of
solicitors have been removed from a lender conveyancing panel. Dudley Building Society and other lenders have restricted their panel over
the years. Why?
In operating open conveyancing panels, lenders such as Dudley Building Society
face a number of fraud and negligence risks. While
there is no authoritative source of data on lender exposure to
solicitor–led mortgage fraud, anecdotal evidence from lenders
indicates exposure on individual cases are often in the millions of
pounds. The National Fraud Authority estimates that £1bn per year is
lost in mortgage -related frauds in total, which is seen as a
conservative estimate.
These risks are exacerbated by the lack of a comprehensive set of data on all conveyancing firms (which, for the avoidance of doubt, would include solicitors and conveyancers across the UK) which is in a readily accessible format. Currently, lenders vet the suitability of their panel firms against a variety of disparate, incomplete and potentially inaccurate sets of information. One top 5 lender pointed out to us that it is almost impossible to track individual fraudsters who move from firm to firm, especially where they are no longer registered or no longer hold a valid practicing certificate.
Dudley Building Society and other lenders are in varying stages of reviewing their approach to vetting firms on their conveyancing panels, to ensure their ongoing exposure to unsuitable firms is reduced. There is also regulatory impetus on lenders to ensure that they have satisfactory oversight of their third party panels, including a due-diligence process.
What is the CLC doing to protect licensed conveyancers from being removed from lender panels?
As is the case with the Law Society the CLC has initiated discussions with banks and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than via ad hoc arrangements that can differ from lender to lender. It is likely that that the CLC have been in touch with lenders such as
Dudley Building Society as well as the CML.
My lawyers pass me the odd LENDERmonitor notification but I seldom see significant changes. For example, My firm on the
Dudley Building Society conveyancing panel and get an alerts only advising of a change of address. Isn't that just noise?
Yes it does matter because sending a communication or deeds to the wrong address can cause delays that might not only affect your borrower client but also affect your ability to remain on the
Dudley Building Society solicitor panel. Lets say that Dudley Building Society change their requirements as to where the post completion documents should be sent.
Do you change the details in your CMS? Do you make a note? Is this communicated to the staff? By virtue of your COT Dudley Building Society you are giving assurances that you will send the deeds within 10 days of receiving the Title Information Document. Putting to one side the academic question as to whether you are technically breaching an undertaking in sending it to the wrong address, you run the risk of
Dudley Building Society suspending you off the panel because they are not receiving the deeds in accordance with the COT. It will not be a valid excuse to say that you sent it to an out of date postal address or DX details.
We are a 3-partner firm on the Dudley Building Society conveyancing panel. Do you have ideas as to how we can market our firm as specialists in conveyancing in Hendon on the Dudley Building Society panel?
7 borrowers attempt to locate a property lawyer on the Dudley Building Society panel on a monthly basis in Hendon. The lenderpanel directory service team who will show you how your firm can be found by those searching for conveyancing in Hendon.
my firm’s membership of the
Dudley Building Society conveyancing panel was revoked but was reinstated on appeal, do I need to include this information on my CQS application?
We would recommend that you provide details of the date of removal, information on the reason for
removal, date of appeal and any reason given for reinstatement. This
should not adversely impact your application but gives the Law Society a complete picture of what has gone on.
My firm is listed on the
Dudley Building Society
conveyancing panel and all set to complete a purchase within the next week. I can not locate a Legal Charge for the client to sign.
Who do I contact at Dudley Building Society to obtain duplicate documents?
You should contact Dudley Building Society
to obtain standard documents. The CML Handbook incorporates an individual section for banks to reveal who to contact to obtain standard documents.
Dudley Building Society in their Part 2’s state:
It is likely that you will need to quote your Dudley Building Society conveyancing panel number.
Find a Lawyer on the Dudley Building Society Conveyancing Panel
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Average number of days to register title including a charge in favour of Dudley Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Dudley Building Society Firms
- Draft Report on Title precedent for Dudley Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Dudley Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Dudley Building Society lender panel
- Buy-to-Let help for Dudley Building Society
- Consent-to-Let help for Dudley Building Society
- Contractor Mortgages with Dudley Building Society
