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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

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. It is supported by PI insurers. It is a unique risk mitigation tool.

This software assists 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. Even though utilising the software is not a condition for being on the Loughborough Building Society panel, demonstrating you can remain up to date with Loughborough Building Society’s Handbook requirements is an excellent support to your panel application and, more importantly, safeguard your panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to a PII saving.

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 59 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 46.3 days. In total, 40% 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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Q and A’s regarding the Loughborough Building Society Conveyancing Panel from members of the public

For what reasons could a law firm be removed from the Loughborough Building Society approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been removed from a lender panel. The top reasons in order 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. We are not aware of the specific or common criteria for removal by Loughborough Building Society
My solicitor has identified a discrepancy between the information in Loughborough Building Society’s valuation survey and what is in the conveyancing documents. My solicitor has advised that as he is on the Loughborough Building Society conveyancing panel he must ensure that the bank is with this discrepancy and is content go ahead. Is my conveyancer’s stance correct?
A precondition to being on the Loughborough Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Loughborough Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. 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.
Whilst your website is a good idea there are many lawyers listed near Middlesbrough on the Loughborough Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Loughborough Building Society ?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I am buying a terraced house and getting a mortgage with Loughborough 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 Loughborough 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 Loughborough Building Society conveyancing panel in your location.
How can we tell if a solicitor on the Loughborough Building Society panel is any good?
obtaining recommendations is a good starting point. 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 suggest that you speak with the lawyer handling your transaction
I am buying a property where the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Loughborough Building Society be concerned
Given that you are obtaining a mortgage with Loughborough Building Society your lawyer must to check the Loughborough Building Society conveyancing instructions contained in the Part of CML Handbook for Loughborough Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Loughborough Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
We have had an offer accepted on a house I spoke to a conveyancer previously used by my brother and he advised retaining a law firm approved by Loughborough Building Society. The estate agent recommended two local firms so I asked Loughborough Building Society if the 2 suggested solicitors are approved, which they are not. Loughborough Building Society suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Loughborough Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Loughborough Building Society to suggest a law firm in your location. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Loughborough Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Loughborough Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Loughborough Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.

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