Furness Building Society Conveyancing Panel Information

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

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How does my firm apply to be on the Furness Building Society Conveyancing Panel?

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How can my firm be reinstated onto the Furness Building Society Conveyancing Panel?

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Furness Building Society Solicitor Panel: Recently Asked Questions

my firm is on the Furness Building Society conveyancing panel. Can I get an archived copy of a Furness Building Society Part 2 from the CML?

The CML do not retain duplicates of P2 requirements Pre January 2011. We would advise that you make a request of Furness Building Society directly.

Do Furness Building Society or the Council of Mortgage Lenders run CPD Courses for the Furness Building Society approved conveyancing panel in much the same way that the Law Society run cases for CQS firms?

The Council of Mortgage Lenders (or the BSA) do not involve themselves in training but they do arrange a number of general conveyancing related conferences which are attended by firms on the Furness Building Society conveyancing panel. It is our intention to run specific lender focused seminars in the near future including a webinar on Furness Building Society’s Part 2 obligations. Solicitors on the Furness Building Society conveyancing panel will be invited. Information about the webinar will be communicated as part of the LENDERmonitor Alerts.

What can you suggest we do if we wish to challenge being removed from the Furness Building Society approved solicitor list?

Should you firm be removed from the Furness Building Society conveyancing panel and you are unaware of or disagree with the reasons for your removal you should: (a) Contact Furness Building Society directly. (b) If there is an appeals process detailed on your letter you should follow the process.

In appealing a decision by Furness Building Society, it may be useful to provide the following information:

Full account of your firm’s transaction history
A copy of your COMPLETIONmonitor reports if you use that service
Your recent claims history
comprehensive details of all employees in your practice and their role.
Note down if a solicitor has been admitted to the role on completion of the Qualified Lawyers Transfer Test.
Provide copy practising certificates, the firm's current professional indemnity policy and your accountant's certificate, confirming what % of the firm's gross fee income is resulting from residential conveyancing transactions

It is encouraging that some firms have been able to regain membership to panels notwithstanding the policy by the respective lenders to refuse panel membership to firms with certain profiles or characteristics. The success is primarily due to the firms’ ability to persuade the lender to make an exception if there is sufficient evidence to reassure them that the firm is well risk-managed.

Being on the Furness Building Society conveyancing panel how long am I expected to retain the complete conveyancing file?

The CML Part II requirements of Furness Building Society are silent on this. Most lenders deal with the issue of file retention via their Terms of panel appointment where they generally provide that for evidential purposes, the firm must keep the file for a minimum six years from the date of the mortgage. Data imagining is normally suitable compliance with this requirement. Many lenders point out in that it is the practice of some fraudsters to demand the conveyancing file on completion in order to destroy evidence that may later be used against them. It is therefore important to retain these documents to protect Furness Building Society’s interest. To be absolutely sure of Furness Building Society requirements in this regard please check the Terms and Conditions of Furness Building Society’s conveyancing panel membership.

Marsh’s PI Insurance renewal form questions if my practice had been removed off any lender panels in the last 12 months. I just became aware that the firm is no longer on the Furness Building Society conveyancing panel? Is this likely to effect my insurance?

Your insurance brokers are your best port of call to address this question. The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for Furness Building Society solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

I am on the Furness Building Society conveyancing panel and all set to complete a purchase shortly. My file does not contain a Legal Charge for the client to sign. Who do I contact at Furness Building Society to get a duplicate Deed?

You should get in touch with Furness Building Society to obtain standard documents. The CML Handbook incorporates a specific inquiry for lenders to set out who to contact to obtain standard documents. Furness Building Society in their Part 2’s state:

Don’t forget to disclose your Furness Building Society solicitors panel number.

Find a Lawyer on the Furness Building Society Conveyancing Panel

Average number of days to register title including a charge in favour of Furness 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

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Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors