Looking for information about your firm's panel status?
West Bromwich Mortgage Company Conveyancing Panel Assistance:
What are the West Bromwich Mortgage Company conveyancing panel criteria?
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:
Generally, all Firms must have at least two Partners however all Firms wishing to be admitted to the conveyancing panel should contact Mortgage Deeds Administration Department in the first instance - See E.33 below for contact details.
You must also comply with the terms and conditions of your West Bromwich Mortgage Company solicitor panel appointment.
Can a practice make a complaint to the BSA about being removed excluded suspended from the West Bromwich Mortgage Company conveyancing panel?
The BSA is an association rather than a regulator and therefore do not investigate complaints against lenders. You can of course contact Lexsure to see if we can help.
Do West Bromwich Mortgage Company or the Building Society Association run professional training Courses for the West Bromwich Mortgage Company approved conveyancing panel in the same way that CQS run CPD Courses for accredited firms?
No such training is arranged by the BSA although they do arrange numerous useful conveyancing related conferences which are attended by firms on the West Bromwich Mortgage Company conveyancing panel. Lexsure intend to run specific lender focused seminars in the near future including a webinar on West Bromwich Mortgage Company’s obligations . Law firms on the West Bromwich Mortgage Company conveyancing panel are welcome . Information about the webinar will be communicated as part of the LENDERmonitor change Notifications .
Is it conceivable that West Bromwich Mortgage Company will instruct an alternative firm on the West Bromwich Mortgage Company conveyancing panel for a further advance during the mortgage term ?
The Building Society Association Mortgage Instructions applicable to a solicitor on the West Bromwich Mortgage Company conveyancing panel indicates that when a further advance is required for alterations or improvements to the property we will not normally instruct a member of the West Bromwich Mortgage Company conveyancing panel but if you are instructed the appropriate provisions of the BSA mortgage instruction will need to be adhered to .
Will the fact that my firm receives LENDERmonitor Alerts assist in my application to join the West Bromwich Mortgage Company solicitor panel?
The criteria to join the West Bromwich Mortgage Company conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
A long standing client of my firm is buying a semi detached house for
£825k in Kenton requiring a mortgage advance over GBP 525k.
I am on the West Bromwich Mortgage Company conveyancing panel but do West Bromwich Mortgage Company have a separate approved panel when the advance is above 300,000?
Lexsure only know of a couple of banks that operate a distinct conveyancing panel where the mortgage advance is over a certain amount.
You should nevertheless check directly with West Bromwich Mortgage Company. 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
West Bromwich Mortgage Company
A recent SRA survey reveals that three quarters of solicitors have been removed or threatened with removal from a lender conveyancing panel. West Bromwich Mortgage Company and other building societies have restricted their panel over the years. Why?
The feeling from lenders generally (we can not speak for West Bromwich Mortgage Company specifically), is that for too long
solicitors have concentrated on their duty of care to their purchasing
client, and have paid scant attention to the duty they owe to the
lender, whom they conveniently forget is also their client.
Looking from the lenders’ perspective, it has to be said that there are pressures to encourage smaller panels. The Financial Services Authority regards the open panel system as a major contributor to mortgage fraud and negligence cases, and has been leaning on lenders to move to proactive panel management, which is more expensive the larger the panel. Hence it is becoming more common for lenders to charge fees, and/or require extensive form-filling, from would-be panel members
West Bromwich Mortgage Company and other BSA lenders are in varying stages of reviewing their approach to vetting firms on their conveyancing panels, to ensure their ongoing exposure to unsuitable firms is reduced.
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 West Bromwich Mortgage Company Approved Conveyancing Solicitors Solicitors
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Average number of days to register title including a charge in favour of West Bromwich Mortgage Company
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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- CQS policy templates and procedures for accredited West Bromwich Mortgage Company Firms
- Draft Report on Title precedent for West Bromwich Mortgage Company borrowers
- Draft Anti Money Laundering PolicyTemplate for West Bromwich Mortgage Company panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the West Bromwich Mortgage Company lender panel
- Buy-to-Let help for West Bromwich Mortgage Company
- Consent-to-Let help for West Bromwich Mortgage Company
- Contractor Mortgages with West Bromwich Mortgage Company
