Loughborough Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk management tool.

This system assists the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with alerts on Loughborough Building Society’s changes. While utilising this technology 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, protect your firm’s panel standing.

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

Book a Loughborough Building Society Demo for this Panel Compliance Tool

Banks and building societies often 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 36 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 75.8 days. In total, 34% 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,

Book a Personalised Demo

Recent Changes Include

# Date Assoc. Changes Related To
C.27 29/11/2016 BSA
C.19 14/10/2016 BSA
A.12 14/10/2016 BSA
A.10 29/01/2014 BSA
C.18 29/01/2014 BSA
C.19 29/01/2014 BSA
C.21 29/01/2014 BSA
D.13 29/01/2014 BSA
E.1 29/01/2014 BSA
F.1 29/01/2014 BSA

Last update 05/11/2018

Loughborough Building Society Solicitor Panel Sample Enquires to our Call Center from members of the public

I have been advised by my broker that I have to pay Loughborough Building Society fees should I instruct my family lawyer. How good are the Loughborough Building Society conveyancing panel solicitors? I dont care which law firm I use as long as they're good and reasonably priced. Are there any Loughborough Building Society conveyancers you'd recommend?
Loughborough Building Society’s conveyancing panel is substantial so your best bet is just to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that Loughborough Building Society will allow to act for them.
We are nearing an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender Loughborough Building Society. I am advised that, being on the Loughborough Building Society conveyancing panel and acting on their behalf he must inform Loughborough Building Society if the balance of the mortgage advance is not just from me. I advised the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with Loughborough Building Society to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Loughborough Building Society if you agree, failing which, your lawyer must cease to continue acting.
I require the services of a Loughborough Building Society panel solicitor in Belfast. Can you assist?
Unfortunately it’s not apparent why you need a Loughborough 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 Loughborough Building Society to find out which solicitors in Loughborough 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
We're in Liverpool, First timers 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
My wife and I have arranged a further advance on our mortgage from Loughborough Building Society as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Loughborough Building Society conveyancing panel to deal with the legals?
Loughborough Building Society would not normally appoint firms on their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Loughborough Building Society panel
We expect to receive a DIP from Loughborough Building Society this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Loughborough Building Society recommend a solicitor on the Loughborough Building Society conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Loughborough Building Society conveyancing panel. The solicitor represents both you and the Loughborough Building Society through the process.
I have today made my last payment due on mortgage with Loughborough Building Society. I assume I don't need a solicitor on the Loughborough Building Society panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Loughborough Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Loughborough Building Society mortgage from the register. Loughborough Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the Loughborough Building Society has sent the Land Registry the discharge electronically, and the Loughborough Building Society has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your Loughborough Building Society mortgage has been paid off.