Tipton Coseley Building Society Conveyancing Panel Information

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

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Tipton Coseley Building Society Conveyancing Panel: Recently Asked Questions

Do I run the risk of removal off the Tipton Coseley Building Society solicitor panel if I have not sent the title deed on a purchase within a certain period of completion?

One might ordinarily expect Tipton Coseley Building Society via their Part 2 obligations to address this but the Handbook is silent on time frames. Do look at the Terms of Tipton Coseley Building Society’s Conveyancing Panel Appointment that you previously signed. For a number of banks these Terms include a provision along the following lines: ‘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’ It is imperative to keep Tipton Coseley Building Society updated. Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.

Are there conditions,outside the CML Part 2 requirements, that a firm should be aware of when on the Tipton Coseley Building Society conveyancing panel?

In order to be on the Tipton Coseley 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 Tipton Coseley Building Society) are as follows:

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
If you are a sole practitioner, to arrange for appropriate locum cover from our panel where necessary. Your locum must be a member of the Conveyancing panel.
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
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.

Who do building societies accept on their Conveyancing Panels?

In the same way that there is a unique Tipton Coseley Building Society conveyancing panel most building societies, operate a conveyancing panel for solicitors and other conveyancers that the lender will instruct. Terms and Conditions and criteria for inclusion on a building society conveyancing panel vary from lender-to-lender. Having CQS accreditation may be a requirement. Institutional lenders, such as a building society, is a client and is entitled to instruct the solicitor or conveyancer of its choosing (who, in turn, is free to accept or refuse instructions). Therefore, if lender and borrower cannot agree which solicitor or conveyancer should represent them jointly, they would usually proceed on a separate representation basis. The BSA have not published the equivalent of the UK Finance Lenders’ Handbook Part 3s.

When in comes to leasehold due diligence do Tipton Coseley Building Society conveyancing panel lawyers need to examine whether there is an absentee freeholder?

Assuming that your practice in is on the Tipton Coseley Building Society conveyancing panel and you are instructed by them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If Tipton Coseley Building Society are to lend, they may require indemnity insurance. In any event,you will need to check Tipton Coseley Building Society’s specific requirements. Notwithstanding whether Tipton Coseley Building Society will lend in such circumstances you still need to advise the borrower (unless you are acting for Tipton Coseley Building Society alone) as to the risks of buying a property with an insolvent or absentee freeholder.

Do publish figures exists revealing the Tipton Coseley Building Society conveyancing panel size as well as the number of conveyancing firms removed from their panel each year?

With banks 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 Tipton Coseley Building Society conveyancing panel but for all lender panels

my firm’s membership of the Tipton Coseley Building Society conveyancing panel was revoked but was reinstated on appeal, do I need to include this information on my CQS application?

We would recommend that you supply details of the date of removal, information on the reason for removal, date of appeal and any reason given for reinstatement. This should not negatively affect your firm’s application but gives the CQS team viability as to what has occured.

Our practice is on the Tipton Coseley Building Society conveyancing panel and scheduled to complete a remortgage shortly. My file does not contain a Legal Charge for the client to execute. Who do I contact at Tipton Coseley Building Society to request substitute deeds?

You should contact Tipton Coseley Building Society to obtain standard documents. The CML Handbook incorporates an individual section for banks to reveal who to contact to obtain standard documents. Tipton Coseley Building Society in their Part 2’s state:

Don’t forget to disclose your Tipton Coseley Building Society solicitors panel number.

Find a Lawyer on the Tipton Coseley Building Society Solicitor Panel

Average number of days to register title including a charge in favour of Tipton Coseley 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

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