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.

Looking for information about your firm's panel status?

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

Learn How

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

Learn How

Furness Building Society Conveyancing Panel: Recently Asked Questions

Furness Building Society has instructed me to act for them alone on a residential conveyancing matter , using the CML Lender’s Handbook. The borrower has his own solicitor (not on the Furness Building Society conveyancing panel) How does this operate and are there different requirements from Furness Building Society in this circumstance?

The CML, along with Furness Building Society and other lenders created a standard set of requirements where a solicitor is representing a lender such as Furness Building Society alone in a residential conveyancing transaction. These requirements are contained at Part 3 of the UK Finance Lenders’ Handbook and are to be read in conjunction with Parts 1 & 2. The CML have published an example requirements letter to the borrower’s conveyancer for use by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel conveyancer.

Are there conditions,outside the CML Part 2 requirements, that a firm should be aware of when on the Furness Building Society conveyancing panel?

In order to be on the Furness Building Society conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily Furness Building Society) are as follows:

To notify us in writing of any change in your details as held on our records for example, change of address, telephone number, document exchange number email address. Notification must be given to us at least 10 days before the change will be effective.
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.)
To be responsible for the reconstitution of the title deeds (whether the title is registered or unregistered, at your own cost), where any deeds in your possession, or were last known to be in your possession, go missing.
Without prejudice to your obligation to comply in full with the Safeguards provisions in the CML Lenders’ Handbook, to report to us as soon as possible any suspicion that you have about the genuineness of any transaction in any respect.
To quote on all communications with us relating to deeds/registration issues, whether by telephone or in writing, the panel number that we provide for each practising address and the mortgage account or application number for the mortgage concerned.

My practice have never been on the Furness Building Society conveyancing panel as well other banks. My clients, who are getting a mortgage with Furness Building Society would still like to instruct me regardless of the fact that we are not on the Furness Building Society panel. Am I doing anything wrong is suggesting to my client that they use a firm down the road to act for Furness Building Society on mortgage aspect of the conveyancing?

You need to be careful here as what you are proposing may not be acceptable to the mortgage company. It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. Lenders such as Nationwide BS make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender will appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancer. You also need to make the costs implications and potential for delay very clear to your client.

I have been a sole practitioner for nearly 20 years with an exemplary claims record and have been refused acceptance on the Furness Building Society conveyancing panel with no explanation. Am I not entitled to to know why?

For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the Furness Building Society conveyancing panel to see if you are entitled to a reason.

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

Furness 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 Furness Building Society conveyancing panel.

St Giles’ PI Insurance renewal form enquires if my practice had been excluded from any bank panels in the last 12 months. I just found out that the firm is no longer on the Furness Building Society solicitor panel? Is this likely to impact 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.

I am on the Furness Building Society conveyancing panel and all set to complete a remortgage within the next few weeks. My file does not contain a Legal Charge for the client to execute. Who do I contact at Furness Building Society to request substitute deeds?

You need to contact Furness Building Society to obtain standard documents. The CML Handbook incorporates an individual inquiry for banks to enumerate 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 conveyancing 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

Find solicitors on the Furness Building Society panel near you:

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