Loughborough Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This system assists the way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on Loughborough Building Society’s changes. While utilising the software is not a prerequisite for Loughborough Building Society , demonstrating you can remain up to date with Loughborough Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, safeguard your panel status.

The system 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 many firms, results in 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, frequently:

A Timeline of Policy Changes


Since 2010, Loughborough Building Society has made 45 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 60.7 days. In total, 36% 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.12 14/01/2019 BSA
New Build Conveyancing
Loughborough Building Society approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
D.43 05/12/2018 BSA
Leasehold Conveyancing
Loughborough Building Society panel lawyers leasehold conveyancing requirements : acceptability of indemnity insurance where the terms of the lease are unsatisfactory
D.55 05/12/2018 BSA
Shared Ownership and Shared Equity
Loughborough Building Society requirements for conveyancing panel lawyers for lending on affordable housing, shared equity and shared ownership properties
D.13 23/11/2018 BSA
Conveyancing Searches: Personal Searches and/or insurance
Loughborough Building Society panel lawyers clarification as to whether they accept personal searches/insurance and, if yes, the Loughborough Building Society requirements
D.34 14/10/2016 BSA
Leasehold Conveyancing
Loughborough Building Society panel lawyers leasehold conveyancing requirements : minimum unexpired lease term
F.9 14/10/2016 BSA
Transfer of Equity
Contact details at Loughborough Building Society for conveyancing panel lawyers for obtaining execution of transfer equity
A.12 14/10/2016 BSA
Conveyancing Panel
Loughborough Building Society conveyancing panel criteria
C.10 29/01/2014 BSA
Tenancy Agreements
Does Loughborough Building Society need to be sent a copy of the proposed tenancy?
C.12 29/01/2014 BSA
New Build Conveyancing
Loughborough Building Society panel conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
C.27 29/01/2014 BSA
Building Insurance
Loughborough Building Society panel lawyers additional requirements concerning building insurance

Last update 18/07/2019

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

I appointed a solicitor to conveyancing on my remortgage three weeks ago having applied for a mortgage with Loughborough Building Society. The firm assured me that they are on Loughborough Building Society conveyancing panel and provided me their panel reference. Loughborough Building Society then ,via my broker advised that their panel number was dormant and would need to be reactivated. What happens next? Do I instruct a different law firm currently on the conveyancing panel for Loughborough Building Society?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Loughborough Building Society conveyancing panel You may wish to enlist the help of your broker to check with the Loughborough Building Society as to the time frame to get your lawyer reinstated on the panel once again.
Please help. My lawyer is informing me me that she is duty-bound to conduct a Local Authority search because the firm are on the Loughborough Building Society approved lawyer panel. Is this really necessary?
You have limited options available to you. As you are taking a mortgage with Loughborough Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Loughborough Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Loughborough Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Loughborough Building Society conveyancing panel. My lawyer has said that they are on the Loughborough Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Loughborough Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Loughborough Building Society solicitor panel.
I am selling my house. Does my solicitor have to be on the Loughborough Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Loughborough Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I have a mortgage with Loughborough Building Society. My uncle has just retired and wants to pay off the mortgage left on the property. After Loughborough Building Society is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Loughborough Building Society conveyancing panel? I do not intend to live at the property once the Loughborough Building Society mortgage is discharged.
You will need a solicitor but they need not be on the Loughborough Building Society conveyancing panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. There's no capital gains tax for you as it is your main residence.
I am currently in the process of buying my council flat. I have a mortgage agreed with Loughborough Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Loughborough Building Society you will need to appoint a solicitor on the Loughborough Building Society conveyancing panel.
The for formalities of my purchase has taken place with a mortgage from Loughborough Building Society. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about Loughborough Building Society. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first port of call should be one of the Loughborough Building Society branches or the Customer Care Department at Loughborough Building Society head office. Ordinarily complaints to Loughborough Building Society are sorted out very quickly. If you feel that the matter is not resolved you can write to the Financial Ombudsman Service who will take matters further.