Manchester Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. COMPLETIONmonitor is a unique risk management tool.

This system facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with alerts on Manchester Building Society’s changes. Even though using COMPLETIONmonitor is not a prerequisite for Manchester Building Society , demonstrating you can stay up to date with Manchester Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, safeguard your firm’s panel standing.

The system creates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for many firms, leads to a PII saving.

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Banks and building societies often change their requirements. The UK Finance Lenders’ Handbook requirements from Manchester 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 2008, Manchester Building Society has made 43 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 63.5 days. In total, 17% of the sections of P2 of the UK Finance Lenders’ Handbook for Manchester Building Society have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Manchester Building Society Conveyancing Panel : Questions and Answers from members of the public

Can you please explain the reason why all UK lawyers aren't included on the Manchester Building Society Conveyancing panel?
Even though it may seem unfair for Manchester Building Society to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Manchester Building Society are limiting their conveyancing panel to a manageable size. The Manchester Building Society solicitor panel is not the most difficult to join
My wife and I are refinancing our flat with Manchester Building Society. We have a son 19 who lives with us. The solicitor on the Manchester Building Society conveyancing panel requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the property is repossessed. I have a couple of concerns (1) Is this form unique to the Manchester Building Society conveyancing panel as he never had to sign this form when we bought 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Manchester Building Society conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Manchester Building Society .This is solely used to protect the Manchester Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Manchester Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Manchester Building Society conveyancing panel. My lawyer has said that they are on the Manchester 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 Manchester 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 Manchester Building Society solicitor panel.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Manchester Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Manchester 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 had instructed online solicitors located in Cardiff who are on the Manchester Building Society solicitor panel. They are now charging me a separate fee of £175 for the legal aspects of the Manchester Building Society mortgage. Is this a supplemental conveyancing fee specified by Manchester 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 Manchester Building Society but by your lawyers. Some firms on the Manchester Building Society will charge an ‘acting for lender’ fee and others do not.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called into my local branch Manchester Building Society on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Manchester 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 Manchester Building Society. Unless your lawyer obtains specific confirmation in writing that Manchester 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 Manchester Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
I was told three weeks ago that my mortgage has been agreed to by Manchester Building Society. Is it usual for Manchester Building Society to only issue the offer once my solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Manchester Building Society to deal with your lawyers application to be on the Manchester Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.