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 mitigation tool.

This software facilitates the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with notifications given 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 a helpful support to your application to their lender panel and, more importantly, safeguard your panel status.

The system creates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by Mansfield Building Society

Lenders 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
A.10 09/08/2019 BSA
B.12 09/08/2019 BSA
C.2 09/08/2019 BSA
C.19 09/08/2019 BSA
D.52 09/08/2019 BSA
E.10 09/08/2019 BSA
E.33 09/08/2019 BSA
F.19 09/08/2019 BSA
B.3 09/08/2019 BSA
D.34 16/09/2013 BSA

Last update 17/11/2019

FAQs for the Mansfield Building Society Solicitor Panel from members of the public

Much to my surprise I have been told by my lender that my property lawyer is not on the Mansfield Building Society Solicitor panel. What can I do to be sure that this is correct?
The first thing you need to do is to contact your lawyer directly. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the the approved Mansfield Building Society solicitor panel.
Expecting to complete my purchase next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Mansfield Building Society. What risks do Mansfield Building Society expect the insurance to cover?
Any lawyer on the Mansfield Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Mansfield Building Society’s Part 2 requirements of the CML Handbook (last updated on Mansfield Building Society). Being on the Mansfield Building Society conveyancing panel your lawyer is expect to follow these instructions.
Do all the firms listed on your directory have online case tracking as I understood that this was a condition of being on the Mansfield Building Society conveyancing panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
I am considering applying for a Mansfield Building Society mortgage for purchase of a newly converted (under development) with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Mansfield Building Society?
In theory, you could use a solicitor that is not on Mansfield Building Society conveyancing panel, but Mansfield Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
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 legals?
Mansfield Building Society would not normally instruct a member of 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 list
The mortgage over my property is with Mansfield Building Society. Conveyancing was finalised a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Mansfield Building Society?
Your original mortgage agreement with Mansfield Building Society will provide that you need their approval in advance of renting your property as this is likely to be a breach of Mansfield Building Society’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Mansfield Building Society directly. It should not be necessary to do this via a Mansfield Building Society conveyancing panel lawyer.
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 I've digested plenty of mortgage guides,I note that it is considered advisable to 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 normal?
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.