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Teachers Building Society Solicitor Panel Assistance:
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.
Do Teachers Building Society or the BSA run training Courses for the Teachers Building Society approved solicitor panel in the same way that CQS run CPD Courses for accredited firms?
No such training is arranged by the BSA however they do host a number of useful legal related conferences which are attended by firms on the Teachers Building Society conveyancing panel. We do intend to run specific lender focused seminars in the near future including a webinar on Teachers Building Society’s obligations . Solicitors on the Teachers Building Society conveyancing panel will be invited . Information about the webinar will be communicated as part of the LENDERmonitor Alerts .
Are the BSA planning on creating a online directory to to identify firms on the Teachers Building Society conveyancing panel ?
We have not been informed any plans on the part of the BSA to promote such a tool .
What sort of information are Lenders such as Teachers Building Society are asking for when it comes to applying to be on their approved conveyancing panel?
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 Teachers Building Society conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):
- Full career history for each solicitor including admission date to the relevant Law Society
- Full complaints history for each conveyancing solicitor
- Summary of annual accounts
- Structure of firm and, where applicable, its group
- PII Cover details, including, if relevant, whether the firm is or has been in the assigned risks pool and structure of cover – top-up split and history of any refusals
- Whether the firm is able to operate in other jurisdictions
- SRA or equivalent regulator registration number where applicable
- Charge registration history
- Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers
I have been a solicitor for nearly 20 years enjoy an unblemished record and have been refused acceptance on the Teachers Building Society conveyancing panel with no explanation. Am I not entitled to know why?
Participation on the lender's panel of conveyancers is at the absolute
discretion of the the lender. The days of open panels are now long
gone. Many lenders reserve the right to accept or reject any
application without giving any reason. You should check your original
application to join the Teachers Building Society conveyancing panel
to see if you are entitled to a reason.
Are figures published revealing the Teachers Building Society conveyancing panel size as well as the number of conveyancing firms removed from their panel each quarter?
With mortgage companies and property lawyers 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 Teachers Building Society conveyancing panel but for all lender panel listings
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:
The firm I run is a Lexcel accredited firm on the Teachers Building Society conveyancing panel. Do you have ideas as to how we can market our practice as conducting conveyancing in Hendon who can act for the borrower and Teachers Building Society?
11 people search for a conveyancer on the Teachers 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.
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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* |
|---|---|
| 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 Teachers Building Society Firms
- Draft Report on Title precedent for Teachers Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Teachers Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Teachers Building Society lender panel
- Buy-to-Let help for Teachers Building Society
- Consent-to-Let help for Teachers Building Society
- Contractor Mortgages with Teachers Building Society
