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Ipswich Building Society Conveyancing Lender Panel Compliance Tool

Looking for information about your firm's panel status?

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How can my firm apply to be on the Ipswich Building Society Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the Ipswich Building Society Conveyancing Panel?
Check your firm’s panel Status

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. It is supported by professional indemnity insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This system optimises the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Ipswich Building Society’s changes. Even though using the tool is not a condition for acceptance on the Ipswich Building Society panel, demonstrating you can remain up to date with Ipswich Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, safeguard your firm’s panel standing.

The software creates real-time alerts, automatically produces regulatory and CQS reports, and will improve your firm's efficiency. It is also simply to use, cost-effective and, for some firms, results in 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 55 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 49.6 days. In total, 40% 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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FAQs : The Ipswich Building Society Solicitor Panel from members of the public

Is the fact that my solicitor is not identified on the Ipswich Building Society Solicitor panel that there is a problem with the standard of his conveyancing?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Ipswich Building Society.
Our conveyancer has uncovered a legal deficiency with the lease for the flat we are purchasing. The seller’s lawyers have put forward defective title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor has advised that as he is on the Ipswich Building Society conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is Ipswich Building Society?
Just because you have a mortgage offer from Ipswich Building Society does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Ipswich Building Society are the client. The appropriate lender requirements must be adhered to by the Ipswich Building Society conveyancing panel who has to balance acting for you and Ipswich Building Society
Do all the licensed conveyancers and solicitor practices listed on your search have online case tracking as I understood that this was a condition of being on the Ipswich Building Society conveyancing panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
My lawyers in Newcastle have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with Ipswich Building Society. Is it case that being on the Ipswich Building Society conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Ipswich Building Society Conveyancing Panel Terms. It might be worth you contacting Ipswich Building Society directly.
I am about to exchange contracts on a purchase with a mortgage from Ipswich Building Society. The report from my solicitor mentions that Ipswich Building Society could withdraw their offer before completion. Is this right?
Banks and Building Societies such as Ipswich Building Society can revoke their mortgage offer although this is unusual. should Ipswich Building Society withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are a number of examples:
  • A cashback to the buyer, or | part of the price includes a non-cash incentive to the buyer (eg paid stamp duty land tax),or | any indirect incentive (cash or non cash) or rental guarantee, of which the lender was previously unaware
  • Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
  • Following advice from the valuer on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
  • Where the lender has to take account a recent change in taxation
  • Where the lender is on notice of a restriction or a right of pre-emption which is not at market value
I have instructed a lawyer having made sure that they are on the Ipswich Building Society conveyancing panel. Does my lawyer arrange the survey of the property? Or I've digested plenty of house buying,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.
My husband and I are buying a house in Hendon. Conveyancing solicitors in Hendon are preferred to beappointed. My brokersuggested that we enquire that the conveyancing practitioner in Hendon is on the Ipswich Building Society panel. Is this really necessary?
A limited percentage of Hendon conveyancing solicitors are on the Ipswich Building Society conveyancing panel. 8 people a month use our search tool to locate a Hendon conveyancing solicitor on the on the Ipswich Building Society list of approved conveyancing firms.