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Furness Building Society Conveyancing Panel: Recently Asked Questions
Can my practice register a complaint to the CML about being removed from the Furness Building Society conveyancing panel?
The CML is an association rather than a regulator and therefore do not investigate complaints against lenders. You can of course contact Lexsure to see if we can help.
Is there a standard appeals process to prevent solicitors from being unfairly removed them from lender conveyancing panels?
There are thousands of firms across the UK who feel aggrieved claiming that they have been removed from lenders’ panels without an explanation or a good
reason. It is highly unlikely, given that lenders have distanced
themselves from creating a standardised appeals process for
brokers, that an appeals process will be introduced for
lawyers. Commenting on the call by brokers to have a standardised
process the CML said’ “While we understand that some lenders do have
an appeals process, it would not be appropriate for a trade body such
as the CML to seek to be prescriptive about such a process.” Some
lenders do of course set out an appeals policy. The Law Society does
have information on it’s site that may be of assistance. If you would
like to talk to one of our compliance experts about our Lender Panel
Protection Service please complete the form here.
It is possible that Furness Building Society could request or audit my files as I am on the
Furness Building Society conveyancing panel. How should I respond in the event of such a demand?
We can't comment specifically on
Furness Building Society. Many major lenders are now introducing ‘file auditing’ as standard practice in relation to completed matters. This raises questions of confidentiality in relation to the buyer client and the purpose to which the results of such audits will be put. The starting point is to remember that the file does not belong to your firm, it belongs to the ‘client’. But, of course, we will normally have two clients – the buyer and the lender - and you will owe a duty of confidentiality to each. So basically, you have to separate the file and just send the lender the parts solely relating to themselves. But, of course, as this will basically be correspondence with the lender, mortgage instructions etc.
Check with your COLP but a firm should not send the complete conveyancing file without the buyer client’s express consent – and if he is in dispute with the lender she is hardly likely to agree. However, if the lender can establish a prima facie case of fraud, then you may be under an obligation to disclose the whole file.
The emerging convention is that lenders are including an authority to disclose in loan application forms to counter this problem. Mortgage Express v Sawali, [2010] EWHC 3054 (Ch) indicates that such provisions are valid. Please click here for more information about that case.
Do I face being suspended off the
Furness Building Society conveyancing panel if I have not sent the deeds on a purchase within a certain period of completion?
You might expect
Furness Building Society via their Part 2 obligations to address this but the Handbook makes no mention on deadlines to send deeds. Do look at the Terms of
Furness Building Society’s Conveyancing Panel Appointment that you are bound by. For a number of banks these Terms include a clause such as:
‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is important to keep
Furness Building Society updated.
Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.
I am a sole practitioner firm on the Furness Building Society conveyancing panel. Do you have ideas as to how we can market our practice as specialists in conveyancing in Hendon who can act for the borrower and Furness Building Society?
8 borrowers search for a conveyancing practitioner on the Furness Building Society panel on a monthly basis in Hendon. The lenderpanel directory service team who will show you how your firm can be identified by those searching for conveyancing in Hendon.
JLT’s PI Insurance renewal form asks if my firm had been removed off any bank panels in the last year.
I recently became aware that the practice is no longer on the
Furness Building Society solicitor panel? Will that effect my insurance?
The best placed professionals to answer this question are your insurance brokers.
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.
Our practice is on the
Furness Building Society
conveyancing panel and all set to complete a remortgage within the next week. I dont have a Mortgage Deed for the client to sign.
Who do I contact at Furness Building Society to request substitute deeds?
You should contact Furness Building Society
to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an explicit section for banks to set out who to contact to obtain standard documents.
Furness Building Society in their Part 2’s state:
Always remember to quote the firm’s Furness Building Society conveyancing panel number.
Find a Lawyer on the Furness Building Society Conveyancing Panel
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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
Other related topics:
- CQS policy templates and procedures for accredited Furness Building Society Firms
- Draft Report on Title precedent for Furness Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Furness Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Furness Building Society lender panel
- Buy-to-Let help for Furness Building Society
- Consent-to-Let help for Furness Building Society
- Contractor Mortgages with Furness Building Society