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

Lexsure’s COMPLETIONmonitor is an online 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 facilitates the way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with notifications given on Ipswich Building Society’s changes. Even though using the software is not a condition for being on the Ipswich Building Society panel, demonstrating you can stay up to date with Ipswich Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, safeguard your panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. It is also simply to use, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Ipswich Building Society

Banks and building societies often vary 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, frequently:

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,

Examples of recent questions relating to the Ipswich Building Society Solicitor Panel from members of the public

I appointed a firm of solicitors to carry out on my purchase 4 weeks ago having applied for a mortgage with Ipswich Building Society. The law firm reassured me that they are on Ipswich Building Society conveyancing panel and advised me their panel reference. Ipswich Building Society then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor listed on the approved panel for Ipswich Building Society?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Ipswich Building Society as to how long they think it will take to get the firm to get back on the panel.
Expecting to complete my purchase next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Ipswich Building Society. What does the insurance need to cover?
All property lawyers on the Ipswich Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Ipswich Building Society’s Part 2 requirements of the CML Handbook (last updated on Ipswich Building Society). Being on the Ipswich Building Society conveyancing panel your lawyer is expect to follow these requirements.
I require the services of a Ipswich Building Society panel solicitor in Inverness. Could you help me?
It is not clear why you need a Ipswich Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Ipswich Building Society to find out which solicitors in Ipswich Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am purchasing a terraced house and getting a mortgage with Ipswich Building Society. How practical is it for me to do the 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.
On the whole I have been dissatisfied with the level or service received from my lawyer. Is there a Ipswich Building Society conveyancing panel complaints department or do I complain directly to the law firm?
There is little point in complaining directly to Ipswich Building Society. All solicitors and conveyancer must have a complaints procedure. Usually one can find this information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.

The Legal Ombudsman will make sure that your complaint is addressed by the solicitor. It can also advise you how to complain.

If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.

I recently had an offer accepted on an apartment. My financial adviser pressured me to appoint their lawyers I paid an upfront payment of 175. Soon after the conveyancers contacted me to say that they were not on the Ipswich Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Ipswich Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Intending to buy a flat with a mortgage with Ipswich Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Ipswich Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Ipswich Building Society conveyancing panel

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