Teachers Building Society Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Teachers Building Society and to assist in remaining on the Teachers Building Society Conveyancing Panel.

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Teachers Building Society Conveyancing Panel Information:

What are the Teachers 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:

We do not operate a conveyancing panel

You must also comply with the terms and conditions of your Teachers Building Society solicitor panel appointment.

Are Teachers Building Society Conveyancing panel solicitors exposed to the possibility of the society altering or retracting the mortgage offer?

Teachers Building Society ‘s answer to this question can be found at section B.3 of their BSA specific requirements which states:

Any such arrangement may lead to the mortgage offer being withdrawn or amended if it could reduce the value of our security or is inconsistent with the basis on which the mortgage offer was made.

An established client of mine is purchasing a semi detached house for £835,250 in Kenton requiring a mortgage advance over GBP 440,000. I am on the Teachers Building Society conveyancing panel but do Teachers Building Society have a separate approved panel when a mortgage is above 300,000?

Lexsure only know of two or three banks that operate a separate approved solicitors panel where the mortgage advance is over a certain amount. You should nevertheless check directly with Teachers 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 Teachers Building Society

Are there conditions, outside the BSA Mortgage Instructions, that a firm should be aware of when on the Teachers Building Society conveyancing panel?

In order to be on the Teachers Building Society conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily Teachers Building Society) are as follows:

To quote on all communications with us relating to registration issues, whether by telephone or in writing, the panel number that we provide for each practising address and the mortgage account or application number for the mortgage concerned.
To notify us in writing of any change in your details as held on our records for example, change of address, telephone number, document exchange number email address. Notification must be given to us at least 10 days before the change will be effective.
To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds.)
You have the consent of all borrowers to apply for the deeds, before making any request for deeds. We will accept your request for deeds on the understanding that you have obtained such consent. If this is not the case then you should advise our Deeds Services Department in writing when you make your request
To carry out our instructions with reasonable care and skill, ensuring that all employees carrying out mortgage work on our behalf are qualified and competent to do so

I have read a number of legal articles recently about firms being sued for non-compliance with BSA Mortgage Instructions. I am on the Teachers Building Society conveyancing panel. Can you tell me how many Specific Requirement changes took place by Teachers Building Society during 2013?

During this period 3 sections of the BSA Mortgage Instructions were changed by Teachers Building Society. Some changes are more important than others but as a firm on the Teachers Building Society conveyancing panel you are of course obliged to comply with individual lender requirements. Locktons have recently pointed out in an article that non-compliance with lender requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.

Remember: BSA requirements are not guidelines; they are the lender client’s instructions.

Are figures published regarding the Teachers Building Society conveyancing panel size as well as the number of conveyancing firms dismissed each quarter?

With mortgage companies and property lawyers working so closely with one another 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 Teachers Building Society conveyancing panel but for all lender panel listings

Can the BSA assist me in an appeal having not been accepted onto the Teachers Building Society conveyancing panel?

If you have not been accepted or indeed been removed from the Teachers Building Society conveyancing panel then the BSA will not have any part to play in influencing Teachers Building Society in changing their mind. Please contact us here at Lexsure so that we can put you in touch with a consultant who may be able to assist. At the very least it’s worth a call to us.

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 Teachers Building Society Conveyancing Panel

Average number of days to register title including a charge in favour of Teachers Building Society

This information relates to purchase only and not remortgages.

Year	Days*
2026	[no data]
2025	[no data]
2024	[no data]
2023	[no data]
2022	[no data]
2021	[no data]

* Data aggregated from sources including COMPLETIONmonitor

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Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors