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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 an online pre- and post-completion checklist for property lawyers. It is supported by professional indemnity insurers. COMPLETIONmonitor is a unique risk management tool.

This software 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. Notwithstanding that utilising the software is not a prerequisite for Loughborough Building Society , demonstrating you can stay up to date with Loughborough Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, protect your firm’s panel standing.

The software creates 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 many firms, results in reduced PII premiums.

Find a Law Firm approved by Loughborough Building Society

Lenders 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, frequently:

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.

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FAQs for the Loughborough Building Society Conveyancing Panel from members of the public

My financial adviser has says he needs my lawyer’ panel reference for the Loughborough Building Society conveyancing panel. Can you suggest how I find this out. I have tried my local Loughborough Building Society office but they have not responded to me.
the sensible thing to do is ask for this information from your solicitor. They should have a central record lender panel numbers including the Loughborough Building Society panel reference.
I am due to move into my new home next Thursday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for Loughborough Building Society. What does the insurance need to cover?
All property lawyers on the Loughborough 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 Loughborough Building Society’s Part 2 requirements of the CML Handbook (last updated on Loughborough Building Society). Being on the Loughborough Building Society conveyancing panel your lawyer is expect to follow these requirements.
Do all the firms listed on your search have online case tracking as I understood that this was a condition of being on the Loughborough 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.
We're in Birmingham, FTBs purchasing with a mortgage (lender is Loughborough Building Society , but our solicitor is on the Loughborough Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Loughborough Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
I had instructed online solicitors located in Manchester who are on the Loughborough Building Society solicitor panel. They are now charging me a separate fee of £195 for the legal aspects of the Loughborough Building Society mortgage. Is this an additional conveyancing fee specified by Loughborough Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Loughborough Building Society but by your lawyers. Some firms on the Loughborough Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
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 advocate that you speak with the lawyer handling your conveyancing
We are are purchasing a penthouse in Hendon. Conveyancing solicitors in Hendon need to beappointed. My motherrecommended that we double-check that the property lawyer in Hendon is on the Loughborough Building Society solicitors panel. Is this really necessary?
It is not that case that all Hendon conveyancing practices are on the Loughborough Building Society conveyancing panel. Click here to find a Hendon conveyancing firm on the on the Loughborough Building Society panel.

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