Looking for information about your firm's panel status?
Penrith Building Society Conveyancing Panel Assistance:
What are the Penrith Building Society conveyancing panel arrangements?
Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements.
The Special Requirements state:
Firm must have minimum of 3 partners/principals and provide copy of the acting partner's practicing certificate and confirmation of professional indemnity insurance. Contact point see above.
You must also comply with the terms and conditions of your Penrith Building Society solicitor panel appointment.
I am on the Penrith Building Society conveyancing panel. Can I get an archived copy of Penrith Building Society Specific Requirements from the BSA?
The BSA, as is the case with the CML do not hold historic of Specific Requirements. The BSA advise that you contact Penrith Building Society directly.
Can a firm submit a complaint to the BSA about being removed excluded suspended from the Penrith Building Society conveyancing panel?
The BSA is not a regulator and therefore cannot advise on complaints against lenders. You can of course contact us to see if we can assist.
Will the fact that my practice has signed up to LENDERmonitor Alerts assist in my application to join the Penrith Building Society solicitor panel?
The criteria to join the Penrith Building Society conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
A long standing client of my firm is looking to acquire a new build house for
£607,500 in Mill Hill with a mortgage over GBP 525k.
I am on the Penrith Building Society conveyancing panel but do Penrith Building Society have a separate approved panel when a mortgage is above 350k?
Lexsure only know of a couple of lenders that operate a distinct approved solicitors panel where the mortgage advance is over a certain level.
You should nevertheless check directly with Penrith Building Society. At one stage HSBC would only allow Sole practitioners to act for
them where the mortgage was below £150,000. We are not sure if HSBC
still operate such a condition. In your case it is best to check with
Penrith Building Society
What information is available via COMPLETIONmonitor to assist my appeal to be reinstated on the Penrith Building Society solicitor panel?
There are many reports available but examples include:
- Average time frame to register charges at the Land Registry
- Average time frame to send deeds to the lender (calculated from completion date or title registration)
- Number of conveyancing cases by lender
- The percentage of the firm’s business which is conveyancing (broken down into sale)
- Average mortgage advance
- Buy to Let transactions
- Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
- Evidence of undertaking logs
- Current and historic missed priority dates
- Analysis as to the nature of clients (e.g. existing client )
Do publish figures exists regarding the Penrith Building Society conveyancing panel size as well as the number of conveyancing firms removed from their panel each quarter?
With lenders and conveyancing firms working so closely together it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the Penrith Building Society conveyancing panel but for all mortgage panels
What lender panels do you receive the most questions about?
BSA lenders do not come within the top 20 lenders in terms of
frequency of questions. The most popular lender panels in terms of
questions are as follows:
Find a Lawyer on the Penrith Building Society Approved Conveyancing Solicitors
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Average number of days to register title including a charge in favour of Penrith 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 Penrith Building Society Firms
- Draft Report on Title precedent for Penrith Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Penrith Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Penrith Building Society lender panel
- Buy-to-Let help for Penrith Building Society
- Consent-to-Let help for Penrith Building Society
- Contractor Mortgages with Penrith Building Society
