Saffron Building Society Conveyancing Panel Information

The Council of Mortgage Lender requirements of Saffron Building Society are silent on this. Most lenders deal with the question of file retention via their Terms and Conditions where they generally provide that for evidential purposes, the firm must keep the file for a minimum six years from the date of the mortgage. Data imagining is normally suitable compliance with this requirement. Many lenders point out in that it is the practice of some fraudsters to demand the conveyancing file on completion in order to destroy evidence that may later be used against them. It is therefore important to retain these documents to protect Saffron Building Society’s interest. To be absolutely sure of Saffron Building Society requirements in this regard please check the Terms and Conditions of Saffron Building Society’s conveyancing panel acceptance.

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

With mortgage companies and solicitors 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 Saffron Building Society conveyancing panel but for all bank panel listings

12 consumers search for a property lawyer on the Saffron Building Society panel every 4 weeks in Hendon. Please contact the team at lenderpanel.com to see how your firm can be identified by those searching for conveyancing in Hendon.

Your insurance brokers are your best port of call to address this question. 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 Saffron Building Society solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You would be advised to contact Saffron Building Society to obtain standard documents. The CML Handbook has an explicit question for banks to cite who to contact to obtain standard documents. Saffron Building Society in their Part 2’s state: You will need to quote your Saffron Building Society solicitors panel reference.