Mansfield Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk management tool.

This software assists 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. Even though utilising this technology is not a condition for acceptance on the Mansfield Building Society panel, demonstrating you can remain up to date with Mansfield Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, protect your panel status.

The software creates real-time alerts, automatically produces regulatory and CQS reports, and will improve your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, leads to a PII saving.

Find a Law Firm approved by Mansfield Building Society

Banks and building societies often 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 30 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 91.0 days. In total, 29% 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,

Book a Personalised Demo

Frequently asked questions relating to the Mansfield Building Society Conveyancing Panel from members of the public

Is the fact that my solicitor is not isted on the Mansfield Building Society Solicitor panel that there is a problem with the quality of his work?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (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. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Mansfield Building Society.
I am buying a newly constructed flat and my conveyancer is advising me that she is duty bound to reveal incentives from the seller as her practice is on the Mansfield Building Society conveyancing panel. I am under pressure to sign contracts and I dont want to delay matters. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Mansfield Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Mansfield Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I note that you have a post code search directory identifying solicitors 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.
My conveyancers in Birmingham have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with Mansfield Building Society. Is it case that being on the Mansfield Building Society conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Mansfield Building Society Conveyancing Panel Terms. It might be worth you contacting Mansfield Building Society directly.
We have agreed a price on a apartment I spoke to a solicitor recommended by my dad and he advised using a solicitor approved by Mansfield Building Society. The estate agent recommended two local firms so I asked Mansfield Building Society if the 2 suggested solicitors are approved, which they are not. Mansfield Building Society suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Mansfield Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Mansfield Building Society to suggest a law firm in your location. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Mansfield Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Mansfield Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Mansfield Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I'm in the throws of viewing apartments and am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I I am planning to take a mortgage with Mansfield Building Society
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Mansfield Building Society , ask your prospective lawyers check they are on the Mansfield Building Society conveyancing panel otherwise they can't do the mortgage legal work.
After shopping around on the internet I have found a solicitor having checked that they are on the Mansfield Building Society conveyancing panel. Does my lawyer arrange the survey of the property? Or Having read lots of mortgage guides,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the Mansfield Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Mansfield Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Mansfield Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Mansfield Building Society you could contact your them to see if they have a list of approved surveyors.