Ecology Building Society Conveyancing Panel Information

The CML do not maintain historic copies of P2 requirements pre-December 2010. The CML recommend you make a request of Ecology Building Society directly.

Section 16.2.1 of Part 1 of the Handbook applicable to a solicitor on the Ecology Building Society conveyancing panel reads ‘Our mortgage secures further advances. Consequently, when a further advance is required for alterations or improvements to the property we will not normally instruct a member of our conveyancing panel but if you are instructed the appropriate provisions of this Handbook will apply’.

Ecology Building Society approved solicitors have to comply with the Part II instructions relating to Transfer of Equity. These are set out in Section 16.3. First, your firm must approve the form of Transfer of Equity (which should be in the Land Registry's standard form) and, if Ecology Building Society require, the deed of covenant on their behalf. You will need to check Ecology Building Society CML Part 2 conditions to see if Ecology Building Society have standard forms of transfer and deed of covenant. Please note that this requirement can change from one transaction to another so do check! Second,When drafting or approving a transfer, you should bear in mind that: although the transfer should state that it is subject to the mortgage (identified by date and parties), it need give no details of the terms of the mortgage; the transfer need not state the amount of the mortgage debt. If it does, the figure should include both principal and interest at the date of completion, which you must check ; there should be no statement that all interest has been paid to date. Further obligations are set out in the UK Finance Lenders’ Handbook which have to be followed by all firms on the Ecology Building Society conveyancing panel

7 consumers attempt to locate a solicitor on the Ecology Building Society panel every 4 weeks in Hendon. Please contact the team at lenderpanel.com to see how your firm can be listed by those searching for conveyancing in Hendon.

In this situation please clarify on the form what steps you have taken to find out the reasons behind cancellation of your Ecology Building Society panel membership. In particular please provide details if you have received communications from the lender. E.G. before revocation of your panel membership did you receive any letters or calls from the lender putting you on notice?

You should communicate with Ecology Building Society to obtain standard documents. The CML Handbook contains an express question for banks to establish who to contact to obtain standard documents. Ecology Building Society in their Part 2’s state: Please remember to disclose your Ecology Building Society conveyancing panel reference.