Looking for information about your firm's panel status?
Holmesdale Building Society Conveyancing Panel: Recently Asked Questions
Is it the case that the Law Society has advised that firms check their status on the
Holmesdale Building Society conveyancing panel?
The Scottish Law Society has advised that solicitors should check their lender panel status before accepting client instructions to act. The advice is lender-agnostic as it does not relate specifically to solicitors on the
Holmesdale Building Society conveyancing panel. The suggestion arises from the practice of a number of mortgage lenders who remove solicitors from their panels without prior notice as part of their panel management system, which can lead to some solicitors discovering this only once instructed. This is sensible advice as a client finding out midway through a transaction that their lawyer is not on the approved lender panel is very frustrating and can lead to complaints. Many online consumer forums contain posts where someone is complaining about finding that their lawyer is not on a lender conveyancing panel. Such forums include moneysavingexpert.com
What is the CLC doing to ensure that licensed conveyancers remain on lender conveyancing panels?
The CLC has entered dialogue with banks and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than via ad hoc arrangements that can differ from lender to lender. It is likely that that the CLC have been in touch with lenders such as
Holmesdale Building Society as well as the CML.
Can you give me an example of some of the reports available via COMPLETIONmonitor to support my appeal to be reinstated on the Holmesdale Building Society solicitor panel?
There are many reports available, five of which are as follows:
- Number of conveyancing cases by lender
- Average time frame to send deeds to the lender (calculated from completion date or title registration)
- Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
- Average mortgage advance
- Evidence of undertaking logs
My PI renewal application this year contained the following question: ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the UK Finance Lenders’ Handbook?’ My firm is on the majority of approved panels including the
Holmesdale Building Society conveyancing panel. We have Terms and Conditions of appointment which we are duty bound to comply with. Am I supposed to mention these Conditions ?
The concern here is if you are expect to enter into ‘more onerous’ conditions that than the Handbook obligations.
You have to try and take an objective view as to whether the Terms relating to the
Holmesdale Building Society conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the UK Finance Lenders’ Handbook Conditions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before moving forward on this question.
In carrying out leasehold title investigations do
Holmesdale Building Society panel solicitors have to examine whether there is an absentee freeholder?
Given that your firm in is on the
Holmesdale Building Society conveyancing panel and you are acting for them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If
Holmesdale Building Society are to lend, they may require indemnity insurance. In any event,you will need to check
Holmesdale Building Society’s specific requirements. Notwithstanding whether
Holmesdale Building Society will lend in such circumstances you still need to advise the borrower (unless you are acting for
Holmesdale Building Society alone) as to the risks of buying a property with an insolvent or absentee landlord.
Our firm had their Holmesdale Building Society panel membership suspended but we have not yet been given a reason as to why.
I am completing a CQS application questionnaire what information must I disclose?
In the circumstances please explain on the application what action you have taken to discover the reasons behind cancellation of your
Holmesdale 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 advising you as to their reasons?
My firm is listed on the
Holmesdale Building Society
conveyancing panel and all set to complete a remortgage within the next week. My file does not contain a Mortgage Deed for the client to sign.
Who do I contact at Holmesdale Building Society to obtain duplicate documents?
You should get in touch with Holmesdale Building Society
to obtain standard documents. The The Council of Mortgage Lenders Handbook contains an express inquiry for lenders to establish who to contact to obtain standard documents.
Holmesdale Building Society in their Part 2’s state:
You will need to disclose the firm’s Holmesdale Building Society solicitors panel reference.
Find a Lawyer on the Holmesdale Building Society Solicitor Panel
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Average number of days to register title including a charge in favour of Holmesdale Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Holmesdale Building Society Firms
- Draft Report on Title precedent for Holmesdale Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Holmesdale Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Holmesdale Building Society lender panel
- Buy-to-Let help for Holmesdale Building Society
- Consent-to-Let help for Holmesdale Building Society
- Contractor Mortgages with Holmesdale Building Society
