Mansfield Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk mitigation tool.

This software assists the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Mansfield Building Society’s changes. Notwithstanding that using the software is not a condition for being on the Mansfield Building Society panel, 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 SRA and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, results in a PII saving.

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Lenders often 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 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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Q and A’s regarding the Mansfield Building Society Conveyancing Panel from members of the public

A conveyancer my husband and I had intended to instruct on a remortgage said she will levy higher legal fees if my mortgage is with Mansfield Building Society because of their unusual legal requirements. Will I regret using Mansfield Building Society? Any comments will be appreciated
Mansfield Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders. It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender. It is not clear if your lawyer is on the Mansfield Building Society conveyancing panel. If they are not, this does add further risk of delay as Mansfield Building Society will appoint their own solicitors to look after their interest.
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 require the services of a Mansfield Building Society panel solicitor in Stirling. Could you help me?
Unfortunately it’s not apparent why you need a Mansfield Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Mansfield Building Society to find out which solicitors in Mansfield Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
I am selling my house. Does my solicitor have to be on the Mansfield Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Mansfield 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.
My wife and I have arranged a further advance on our mortgage from Mansfield Building Society as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Mansfield Building Society conveyancing panel to deal with the paperwork?
Mansfield Building Society do not ordinarily appoint firms on their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Mansfield Building Society panel
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Mansfield Building Society be concerned
Given that you are obtaining a mortgage with Mansfield Building Society your lawyer must to check the Mansfield Building Society conveyancing instructions contained in the Part of CML Handbook for Mansfield Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Mansfield Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
I'm in the throws of looking at flats and now considering a potential 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.