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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 property lawyers. It is supported by PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk management tool.

This system is the only way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Loughborough Building Society’s changes. While using the tool 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 a helpful support to your application to their lender panel and, just as importantly, safeguard your panel status.

The software generates real-time alerts, automatically produces SRA and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Loughborough Building Society

Lenders 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, 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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FAQs for the Loughborough Building Society Solicitor Panel from members of the public

My husband and I are purchasing a 3 bedroom flat in Hackney with a mortgage from Loughborough Building Society. We have a solicitor but Loughborough Building Society says he's not on their "panel". It seems we have little choice but to instruct one of the Loughborough Building Society panel firms or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Loughborough Building Society use our lawyer?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Loughborough Building Society conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Loughborough Building Society
Our solicitor has uncovered a problem with the lease for the property we are purchasing. The seller’s lawyers have suggested defective title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor says that as he is on the Loughborough Building Society conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is 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 have to be complied with by the Loughborough Building Society conveyancing panel who has to balance acting for you and Loughborough Building Society
I need to find a Loughborough Building Society panel solicitor in Inverness. Could you help me?
It is not clear 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 London, FTBs purchasing with a mortgage (lender is Loughborough Building Society , but our lawyer 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
Two weeks ago we had a mortgage agreed in principle with Loughborough Building Society. Solicitors have been chosen? What is the average time that one could expect to receive a mortgage offer from Loughborough Building Society?
Some lenders take longer than others. Have Loughborough Building Society done the survey? Have you advised Loughborough Building Society as your lawyers details and checked that your lawyer is on the Loughborough Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
I can not work out if my mortgage offer requires a lease extension . I have called into my local branch Loughborough Building Society on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Loughborough Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 requirements for Loughborough Building Society. Unless your lawyer obtains specific confirmation in writing that Loughborough Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Loughborough Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
Planning on purchasing a house 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 Building Society 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

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