MBS Lending Ltd Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This system optimises the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on MBS Lending Ltd’s changes. Notwithstanding that utilising this technology is not a prerequisite for MBS Lending Ltd , demonstrating you can stay up to date with MBS Lending Ltd’s Handbook requirements is an excellent support to your panel application and, more importantly, safeguard your panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by MBS Lending Ltd

Banks and building societies frequently change 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 116 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 23.5 days. In total, 55% 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
A.10 30/07/2019 BSA
General Mortgage Instructions
Contact details at MBS Lending Ltd for approved lawyers to obtain mortgage documentation
B.3 30/07/2019 BSA
Withdrawal of Mortgage Offer
Circumstances in which MBS Lending Ltd may withdraw a mortgage offer
C.12 30/07/2019 BSA
New Build Conveyancing
MBS Lending Ltd approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
C.15 30/07/2019 BSA
New Build Conveyancing
MBS Lending Ltd approved conveyancer requirements for New Build Conveyancing : will the MBS Lending Ltd proceed if the property does not have the benefit of a new home warranty scheme
D.26 30/07/2019 BSA
Freehold and leasehold owner of multiple flats
MBS Lending Ltd panel lawyers clarification as to whether they accept security which comprises a building converted into not more than four flats where the borrower occupies one of those flats and the borrower or another flat owner also owns the freehold of the building and the other flats are subject to long leases?
D.52 30/07/2019 BSA
Leasehold Conveyancing : Management Company
MBS Lending Ltd panel lawyers leasehold conveyancing requirements : requirement as to whether a copy of the management company documents need to be sent to them
E.26 30/07/2019 BSA
Post Completion Conveyancing
Does the MBS Lending Ltd require their approved lawyer to make a form CH2 application to the Land Registry ?
D.13 23/11/2018 BSA
Conveyancing Searches: Personal Searches and/or insurance
MBS Lending Ltd approved lawyers clarification as to whether they accept personal searches/insurance and, if yes, the MBS Lending Ltd requirements
C.12 01/06/2018 BSA
New Build Conveyancing
MBS Lending Ltd approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
C.12 06/03/2017 BSA
New Build Conveyancing
MBS Lending Ltd approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes

Last update 18/11/2019

Frequently asked questions relating to the MBS Lending Ltd Conveyancing Panel from members of the public

For what reasons could a law firm be excluded from the MBS Lending Ltd approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that 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
My lawyer has spotted an inconsistency between the surveyor’s assumptions in MBS Lending Ltd’s valuation survey and what is in the legal papers for the property. My solicitor says that as he is on the MBS Lending Ltd conveyancing panel he needs to check that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action correct?
A precondition to being on the MBS Lending Ltd approved panel is to comply with the CML Handbook requirements (last updated for this lender on MBS Lending Ltd) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I note that you have a search directory identifying firms on the MBS Lending Ltd conveyancing panel. Do firms pay you a commission if I retain them for my own house purchase?
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 buying a semi-detached house and getting a mortgage with MBS Lending Ltd. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the MBS Lending Ltd 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 MBS Lending Ltd conveyancing panel in your location.
I am currently in the process of buying my council flat. I have a mortgage offer with MBS Lending Ltd. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with MBS Lending Ltd you will need to appoint a solicitor on the MBS Lending Ltd conveyancing panel.
I was told four weeks ago that my mortgage has been agreed to by MBS Lending Ltd. Is it usual for MBS Lending Ltd to only issue the offer once my solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for MBS Lending Ltd to deal with your lawyers application to be on the MBS Lending Ltd conveyancing panel. There's no guarantee that your solicitors will be accepted.
After shopping around on the internet I have found a solicitor having made sure 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 house buying,I note that they all recommend that you should 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.