Ipswich Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This software is the only way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Ipswich Building Society’s changes. While utilising COMPLETIONmonitor is not a prerequisite for Ipswich Building Society , demonstrating you can stay up to date with Ipswich Building Society’s Handbook requirements is a helpful support to your panel application and, more importantly, safeguard your panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Ipswich Building Society

Banks and building societies often change their requirements. The BSA instructions from Ipswich Building Society are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes


Since 2010, Ipswich Building Society has made 36 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 75.8 days. In total, 34% of the sections of the BSA Requirements for Ipswich Building Society have been changed since 26/1/2010.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
C.10 19/08/2014 BSA
C.13 19/08/2014 BSA
A.3 04/08/2014 BSA
C.20 04/08/2014 BSA
D.13 04/08/2014 BSA
D.22 04/08/2014 BSA
D.31 04/08/2014 BSA
D.52 04/08/2014 BSA
E.33 04/08/2014 BSA
F.19 23/04/2010 BSA

Last update 15/01/2019

Ipswich Building Society Solicitor Panel Example Support Desk Enquires from members of the public

My husband and I are hoping to buy a 1 bedroom flat in Leeds with a mortgage from Ipswich Building Society. We have a solicitor but Ipswich Building Society says she’s not on their "panel". It seems we have little choice but to instruct one of the Ipswich Building Society panel solicitors or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Ipswich Building Society use our lawyer?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Ipswich Building Society conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Ipswich Building Society
Our solicitor has identified a legal deficiency with the lease for the property we are purchasing. The other side have offered title insurance as a workaround. We are happy with insurance and will cover the costs. Our solicitor has advised that as he is on the Ipswich Building Society conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Ipswich Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Ipswich Building Society are the client. A precondition to being on the Ipswich Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Ipswich Building Society). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Ipswich Building Society can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Are there any apps to help search for a local solicitor on the Ipswich Building Society conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the conveyancer.
You can use the find a conveyancing panel tool on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Ipswich Building Society solicitor panel.
I am buying a semi-detached house and getting a mortgage with Ipswich Building Society. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Ipswich Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Ipswich Building Society conveyancing panel in your location.
Can you point me to a directory of Ipswich Building Society panel conveyancers on the CML Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
My husband and I are in the process of viewing houses and now considering a potential offer. Is it premature to have a solicitor in place? I I am planning to take a home loan with Ipswich Building Society
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Ipswich Building Society , make sure you remember to check that your lawyer is on the Ipswich Building Society conveyancing panel.
After shopping around on the internet I have found a solicitor having made sure that they are on the Ipswich Building Society conveyancing panel. Does my lawyer arrange the survey of the property? Or Having read lots of mortgage guides,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the Ipswich Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Ipswich Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Ipswich Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Ipswich Building Society you could contact your them to see if they have a list of approved surveyors.