MBS Lending Ltd Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based 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 optimises the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on MBS Lending Ltd’s changes. While using the tool is not a condition for being on the MBS Lending Ltd panel, demonstrating you can remain up to date with MBS Lending Ltd’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, protect your firm’s panel status.

The system generates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by MBS Lending Ltd

Lenders frequently vary their requirements. The BSA instructions from MBS Lending Ltd are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes


Since 2010, MBS Lending Ltd has made 71 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 38.5 days. In total, 38% of the sections of the BSA Requirements for MBS Lending Ltd 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
C.12 07/12/2018 BSA
E.12 21/03/2016 BSA
B.19 08/01/2014 BSA
C.15 08/01/2014 BSA
C.21 08/01/2014 BSA
C.27 08/01/2014 BSA
D.24 08/01/2014 BSA
D.45 08/01/2014 BSA
F.19 08/01/2014 BSA
C.14 03/01/2012 BSA

Last update 22/05/2019

Q and A’s regarding the MBS Lending Ltd Conveyancing Panel from members of the public

On what basis would a firm of solicitors be excluded from the MBS Lending Ltd solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been excluded 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 MBS Lending Ltd
Our grandson is purchasing a house that has just been built with a mortgage from MBS Lending Ltd. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the MBS Lending Ltd conveyancing panel as a standard part of the process, and to the valuer when asked.

The Developer will be required to start the process by downloading the form and completing it.

The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the MBS Lending Ltd conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

I see that you have a search directory identifying law firms on the MBS Lending Ltd conveyancing panel. Do firms pay you a commission if I retain them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the MBS Lending Ltd conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am selling my house. Does my solicitor have to be on the MBS Lending Ltd conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the MBS Lending Ltd 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.
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to proceed? I hope to get a mortgage with MBS Lending Ltd. Is there anyway to cut out the 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 MBS Lending Ltd involved you will need to appoint a solicitor on the MBS Lending Ltd 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 MBS Lending Ltd. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the MBS Lending Ltd conveyancing panel.
The for formalities of my remortgage has taken place with a mortgage from MBS Lending Ltd. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about MBS Lending Ltd. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first point of contact should be one of the MBS Lending Ltd branches or the Customer Services Team at MBS Lending Ltd head office. We understand that complaints to MBS Lending Ltd are sorted out very quickly. However if you are not satisfied that the matter is resolved you can write to the Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I have instructed a lawyer having checked that they are on the MBS Lending Ltd conveyancing panel. Does my lawyer arrange the survey of the property? Or I've read lots 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 MBS Lending Ltd conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
MBS Lending Ltd will need an independent valuation of the property. Your lawyer will not arrange this. Usually MBS Lending Ltd 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 MBS Lending Ltd you could contact your them to see if they have a list of approved surveyors.