Mansfield Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and professional indemnity insures. COMPLETIONmonitor is a unique risk mitigation tool.

This system optimises the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Mansfield Building Society’s changes. Notwithstanding that utilising COMPLETIONmonitor is not a prerequisite for Mansfield Building Society , demonstrating you can stay up to date with Mansfield Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, protect your panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, leads to reduced PII premiums.

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Banks and building societies frequently change their requirements. The BSA instructions from Mansfield 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, Mansfield Building Society has made 6 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 455.0 days. In total, 4% of the sections of the BSA Requirements for Mansfield Building Society have been changed since 26/1/2010.

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

For what reasons would a law firm be removed from the Mansfield Building Society solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been removed from a lender panel. The most common reasons in order are :
  1. Low volume of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by Mansfield Building Society
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Mansfield Building Society will not agree to this. Why was Mansfield Building Society even consulted?
Your lawyer being on the Mansfield Building Society conveyancing panel is duty bound to inform Mansfield Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Mansfield Building Society then they would have to discontinue acting for you and Mansfield Building Society.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Mansfield Building Society conveyancing panel. My lawyer has said that they are on the Mansfield 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 Mansfield 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 Mansfield Building Society solicitor panel.
The solicitors that just started acting on my purchase in Brighton has suddenly shut down. I only went with them because I needed a solicitor on the Mansfield Building Society conveyancing panel and my previous lawyer was not. I gave them a cheque for £150 in advance. What are my options?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Mansfield Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help
We have a mortgage agreed in principle with Mansfield Building Society. Solicitors have been instructed? How long does it take for Mansfield Building Society to send the offer to our conveyancer
Some lenders take longer than others. Have Mansfield Building Society conducted the survey? Have you advised Mansfield Building Society as your lawyers details and checked that your lawyer is on the Mansfield Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
We were going to get a DIP from Mansfield Building Society this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Mansfield Building Society recommend a solicitor on the Mansfield 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 Mansfield Building Society conveyancing panel. The solicitor represents both you and the Mansfield Building Society through the process.
Planning on purchasing a flat with a mortgage with Mansfield 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 Mansfield 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 Mansfield Building Society conveyancing panel