Ecology Building Society Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Ecology Building Society and to assist in remaining on the Ecology Building Society Conveyancing Panel.

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Ecology Building Society Conveyancing Panel: Recently Asked Questions

Do lenders such as Ecology Building Society run an independent conveyancing panel for buy to let mortgages?

The majority of lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with Ecology Building Society as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Ecology Building Society we suggest that you call Ecology Building Society to check the position.

I have read a number of legal articles recently about firms being sued for non-compliance with CML PII obligations . I am on the Ecology Building Society conveyancing panel can you tell me how Part 2 changes took place by Ecology Building Society during 2013?

During 2013, 64 sections of the UK Finance Lenders’ Handbook P2 were changed by Ecology Building Society. Some changes are more important than others but as a firm on the Ecology Building Society conveyancing panel you are of course obliged to comply with individual lender requirements, as set out in Part II of the UK Finance Lenders’ Handbook. Locktons have recently pointed out in an article that non-compliance with Part 2 requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.

Remember: CML requirements are not guidelines; they are the lender client’s instructions.

The firm that I work for is on the Ecology Building Society conveyancing panel. I am dealing with Ecology Building Society mortgage on a purchase. My borrower client is asking not to disclose an issue to Ecology Building Society. What do I do in this conflict situation?

When a solicitor is acting for both Ecology Building Society and borrower there is potential for conflicts to arise. You owe duties to both clients. All information received by you from your client is confidential and cannot be disclosed without the client’s consent. In the situation you find yourself in if the purchaser will not consent to the information being passed on to the lender the solicitor must cease to act for the Ecology Building Society and it may well be prudent you to cease to act for the purchaser as well. You can not tell the Ecology Building Society the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your Ecology Building Society conveyancing panel status.

My post-completion clerk has resigned unexpectedly. I urgently need to prioritise making sure that charges are registered. That said, how quickly do I need to send deeds to Ecology Building Society once the charge is registered before my firm runs the risk of being suspended off the conveyancing panel for Ecology Building Society?

Ecology Building Society will likely expect the deeds to be sent to them within 10 days of you receiving the TID (unless their specific P2 requirements specifically state that they you are not to send them anything). Most COTs refer to complying with the Certificate of Title referred to in IB (3.7) of the SRA Code of Conduct 2011, published by the Law Society which states that you ‘will despatch to you such deeds and documents relating to the Property as you require with a list of them in the form prescribed by you within ten working days of receipt by us of the title information document from the Land Registry’ As to whether the lender will suspend your panel status this very much varies according to the lender’s own internal policies The more cases you have the more risk you face. Some lenders may take action if there records show that the deeds are outstanding for more than 3 matters. The fact is that if you keep within the time frame then you will have more chance of remaining on the Ecology Building Society conveyancing panel.

We had our Ecology Building Society panel membership suspended but we have not yet been given a reason as to why. I am completing a CQS renewal questionnaire what information do I need to disclose?

In this situation please clarify on the form what steps you have taken to discover 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 termination of your panel membership did you receive any letters or calls from the lender advising you as to their reasons?

My firm is listed on the Ecology Building Society conveyancing panel and scheduled to complete a remortgage within the next week. I dont have a Legal Charge for the client to execute. Who do I contact at Ecology Building Society to get a duplicate Deed?

You should get in touch with Ecology Building Society to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an individual inquiry for lenders to set out who to contact to obtain standard documents. Ecology Building Society in their Part 2’s state:

It helps to disclose the firm’s Ecology Building Society conveyancing panel number.

Find a Lawyer on the Ecology Building Society Conveyancing Panel

Average number of days to register title including a charge in favour of Ecology Building Society

This information relates to purchase only and not remortgages.

Year	Days*
2024	[no data]
2023	[no data]
2022	[no data]
2021	[no data]
2020	[no data]
2019	[no data]

* Data aggregated from sources including COMPLETIONmonitor

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