Mansfield Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers. COMPLETIONmonitor is a unique risk management tool.

This system assists the way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Mansfield Building Society’s changes. While 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 an excellent support to your panel application and, just as importantly, protect your firm’s panel standing.

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

Find a Law Firm approved by Mansfield Building Society

Banks and building societies frequently vary 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, over time:

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.

To find out more about lender panel compliance,

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Q and A’s regarding the Mansfield Building Society Solicitor Panel from members of the public

On what basis would a law firm be excluded 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 top reasons in order are :
  1. lack 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
Please help. My lawyer is informing me me that he is legally obliged to apply for a Local Authority search stemming from the fact that the firm are on the Mansfield Building Society conveyancing panel. The searches cost a lot of money. Can this be avoided?
You have limited options available to you. As you are taking a mortgage with Mansfield 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 Mansfield Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Mansfield Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I see that you have a search directory identifying law firms on the Mansfield Building Society conveyancing panel. Do firms pay you a commission if I retain them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Mansfield Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am purchasing a terraced house and getting a mortgage with Mansfield Building Society. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Mansfield Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Mansfield Building Society conveyancing panel in your location.
Can you point me to a directory of Mansfield Building Society panel solicitors on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
In what circumstances might Mansfield Building Society amend or withdraw their mortgage offer?
Banks and Building Societies such as Mansfield Building Society can revoke their mortgage offer although this rarely happens. should Mansfield Building Society withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are various possible reasons but here are a number of examples:
  • Where information comes to Mansfield Building Society ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
  • Mansfield Building Society may amend or withdraw an offer if the Mansfield Building Society conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
  • If the financial circumstances of the borrower have changed to the detriment and the Mansfield Building Society has been notified
  • If the borrower informs Mansfield Building Society of a change in security address
  • A cashback to the buyer, or | part of the price includes a non-cash incentive to the buyer (eg paid stamp duty land tax),or | any indirect incentive (cash or non cash) or rental guarantee, of which the lender was previously unaware
We expect to receive a DIP from Mansfield Building Society this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (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 find our own lawyer
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.