Saffron Building Society Conveyancing Panel Information

The CML do not retain duplicates of P2 requirements pre-December 2010. The CML recommend you make a request of Saffron Building Society directly.

Each lender has different criteria. We do not hold specific requirements relating to the questions raised as part of the application to be on the Saffron Building Society conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

Whether the firm has ever knowingly accepted instructions on transactions involving Sale and Rent Back, Back to Back, Exchange and Delayed Completion and Lease Option, Below Market Value.

Full disciplinary history for each conveyancing solicitor

List of all Licensed Conveyancers within firm

House price discrepancies (declared to lender vs. registered at Land Registry)

List of all those who fund the firm, including non-lawyers if applicable

Full career history for each solicitor including admission date to the relevant Law Society

Whether any lender has ever made a claim against the firm’s PII cover

List of all those staff who work within the conveyancing team

List of all those who can sign off the Certificate Of Title

top-up split and history of any refusals

When a solicitor is acting for both Saffron Building Society and borrower there is potential for conflicts to arise. You owe duties to both clients. All information received by you from your client is confidential and cannot be disclosed without the client’s consent. In the situation you find yourself in if the purchaser will not consent to the information being passed on to the lender the solicitor must cease to act for the Saffron Building Society and it may well be prudent you to cease to act for the purchaser as well. You can not tell the Saffron Building Society the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your Saffron Building Society conveyancing panel status.

14 consumers attempt to locate a conveyancing practitioner on the Saffron Building Society panel on a monthly basis in Hendon. Please contact the team at lenderpanel.com to see how your firm can be listed 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 should contact Saffron Building Society to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an individual question for banks to reveal who to contact to obtain standard documents. Saffron Building Society in their Part 2’s state: It helps to disclose your Saffron Building Society conveyancing panel reference.