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 PI insurers. It is a unique risk management tool.

This system is the only way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Mansfield Building Society’s changes. Even though using COMPLETIONmonitor is not a prerequisite for Mansfield Building Society , 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 firm’s panel status.

The software generates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for many firms, results in reduced PII premiums.

Find a Law Firm approved by Mansfield Building Society

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, 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,

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Recent Changes Include

# Date Assoc. Changes Related To
B.3 13/08/2019 BSA
B.22 09/08/2019 BSA
C.13 09/08/2019 BSA
C.20 09/08/2019 BSA
D.14 09/08/2019 BSA
E.33 09/08/2019 BSA
C.12 09/08/2019 BSA
D.24 09/08/2019 BSA
A.12 09/08/2019 BSA
D.11 09/08/2019 BSA

Last update 31/03/2020

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

On what basis 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 top 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
My fiance and I intend to remortgage our flat with Mansfield Building Society. We have a son approaching twenty who lives with us. The solicitor on the Mansfield Building Society conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the apartment is forfeited by the lender. I have a couple of questions (1) Is this document specific to the Mansfield Building Society conveyancing panel as he did not need to sign this form when we bought 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong 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 Mansfield Building Society .This is solely used to protect the Mansfield 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 Mansfield 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.

Your search tool is useful but there are many lawyers listed near Chelsea on the Mansfield Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Mansfield Building Society ?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I am remortgaging my property does my lawyer need to be on the Mansfield Building Society Conveyancing panel?
There is nothing to stop you using your solicitor but Mansfield Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
When it comes to mortgage companies such as Mansfield Building Society do solicitors have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I was thinking of purchasing my friend’s property. Once we agree a price, what’s the best way to proceed? I plan to obtain a mortgage with Mansfield Building Society. Is it possible to avoid using solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Mansfield Building Society involved you will need to appoint a solicitor on the Mansfield Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Mansfield Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Mansfield Building Society conveyancing panel.
We expect to receive a DIP from Mansfield Building Society this week so we can work out what to offer on a property we like 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.