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Loughborough 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 Loughborough Building Society Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the Loughborough Building Society Conveyancing Panel?
Check your firm’s panel Status

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. It is supported by PI insurers. It is a unique risk management 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 Loughborough Building Society’s changes. While using the software is not a condition for being on the Loughborough Building Society panel, demonstrating you can stay up to date with Loughborough 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 status.

COMPLETIONmonitor creates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Loughborough Building Society

Mortgage companies frequently change their requirements. The BSA instructions from Loughborough 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, Loughborough Building Society has made 75 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 36.4 days. In total, 45% of the sections of the BSA Requirements for Loughborough Building Society have been changed since 26/1/2010.

To find out more about lender panel compliance,
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Loughborough Building Society Solicitor Panel Sample Enquires to our Call Center from members of the public

Am I correct in assuming that the fact that my conveyancer is not isted on the Loughborough Building Society Solicitor panel that there is a problem with the standard of his conveyancing?
It would not be wise to jump to that conclusion. 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 most common reasons for removal are: (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 Loughborough Building Society.
Our lawyer has uncovered a problem with the lease for the apartment we are purchasing. The seller’s lawyers have suggested defective title insurance as a solution. We are content with insurance and will cover the costs. Our lawyer says that as he is on the Loughborough Building Society conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Loughborough Building Society?
Just because you have a mortgage offer from Loughborough 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 Loughborough Building Society are the client. The appropriate lender requirements must be adhered to by the Loughborough Building Society conveyancing panel who has to balance acting for you and Loughborough Building Society
I have been looking for competitive conveyancing fees. Can I be confident that all the law firms that are identified on your website are on the Loughborough Building Society conveyancing panel?
The law firms listed on our site have advised us that they are on the Loughborough Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Loughborough Building Society panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Loughborough Building Society conveyancing panel is not accurate.
My conveyancers in Newcastle have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Loughborough Building Society. Is it case that being on the Loughborough Building Society conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements 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 Loughborough Building Society Conveyancing Panel Terms. It might be worth you contacting Loughborough Building Society directly.
How can we tell if a solicitor on the Loughborough Building Society panel is any good?
Getting recommendations is a sensible start. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer handling your transaction
Intending to buy a flat with a mortgage with Loughborough Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Loughborough 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 Loughborough Building Society conveyancing panel
My offer was accepted on a property on the 12th March 2014, valuation was booked 3 days after, all came back fine. Property lawyer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Loughborough Building Society and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Loughborough Building Society conveyancing panel. Are Loughborough Building Society entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Loughborough Building Society to deal with your lawyers application to be on the Loughborough Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.

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