Mansfield Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and professional indemnity insures. It is a unique risk management tool.

This software assists the 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. Notwithstanding that using the tool 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, safeguard your panel standing.

COMPLETIONmonitor creates 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 many firms, results in a PII saving.

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.

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

Is there a reason why all solicitors are not on the Mansfield Building Society Conveyancing panel?
Even though it may seem unfair for Mansfield Building Society to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Mansfield Building Society are limiting their panel of approved conveyancing lawyers to a size that they are happy to control. The Mansfield Building Society conveyancing panel is not the most exclusive of all lenders
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 need to find a Mansfield Building Society panel solicitor in Belfast. Can you assist?
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 buying a terraced house and getting a mortgage with Mansfield Building Society. How practical is it for me to do the conveyancing?
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.
For 5 years I had a mortgage with Mansfield Building Society. My godfather has just retired and wants to pay off the mortgage left on the property. After Mansfield Building Society is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Mansfield Building Society conveyancing panel? I do not intend to live at the property once the Mansfield Building Society mortgage is discharged.
You will need a solicitor but they need not be on the Mansfield Building Society conveyancing panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. There's no capital gains tax for you as it is your main residence.
I had an offer accepted on a house on the 5th March 2014, valuation was booked 3 days after, received a clean bill of health. Conveyancer retained, so all that was missing was my mortgage offer. Having made daily calls to Mansfield Building Society and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Mansfield Building Society conveyancing panel. Are Mansfield Building Society entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Mansfield Building Society to deal with your lawyers application to be on the Mansfield Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.
At last I have had an offer on an apartment accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What do I do now? At what point should I appy for the mortgage with Mansfield Building Society?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Mansfield Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Mansfield Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.