Leeds Building Society Conveyancing Panel Information

The Council of Mortgage Lenders, along with Leeds Building Society and other members created a standard set of requirements where a conveyancer is representing a lender such as Leeds Building Society alone in a residential conveyancing matter. These requirements are contained at Part Three of the UK Finance Lenders’ Handbook and are to be followed in conjunction with Sections One and Two. The CML have published an example requirements letter to the borrower’s conveyancer for adaptation by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel lawyer.

As is the case with the Law Society the Council of Licensed Conveyancers has initiated dialogue with lenders 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. We expect that that the CLC have been in touch with lenders such as Leeds Building Society as well as the CML.

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 Leeds 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 Leeds Building Society we suggest that you call Leeds Building Society to check the position.

In the same way that there is a unique Leeds Building Society conveyancing panel most building societies, operate a conveyancing panel for solicitors and other conveyancers that the lender will instruct. Terms and Conditions and criteria for inclusion on a building society conveyancing panel vary from lender-to-lender. Having CQS accreditation may be a requirement. Institutional lenders, such as a building society, is a client and is entitled to instruct the solicitor or conveyancer of its choosing (who, in turn, is free to accept or refuse instructions). Therefore, if lender and borrower cannot agree which solicitor or conveyancer should represent them jointly, they would usually proceed on a separate representation basis. The BSA have not published the equivalent of the UK Finance Lenders’ Handbook Part 3s.

We would recommend that you supply details of the date of removal, information on the reason for removal, date of appeal and any reason given for reinstatement. This should not negatively affect your firm’s application but gives the Law Society a complete picture of what has happened.

You would be advised to get in touch with Leeds Building Society to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates a specific section for banks to set out who to contact to obtain standard documents. Leeds Building Society in their Part 2’s state: It helps to disclose the firm’s Leeds Building Society conveyancing panel number.