MBS Lending Ltd Conveyancing Lender Panel Compliance Tool

Lexsure’s 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 system is the only way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on MBS Lending Ltd’s changes. Even though utilising this technology is not a condition for acceptance 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 panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, leads to reduced PII premiums.

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, over time:

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
B.13 31/07/2019 BSA
ID Documentation
MBS Lending Ltd panel lawyers requirements re ID Documentation: Further acceptable documents (if any)
B.3 30/07/2019 BSA
Withdrawal of Mortgage Offer
Circumstances in which MBS Lending Ltd may withdraw a mortgage offer
B.19 30/07/2019 BSA
Power of Attorney
MBS Lending Ltd requirements for approved lawyers as to whether MBS Lending Ltd need to be sent power of attorney
B.22 30/07/2019 BSA
Occupiers at the Property
MBS Lending Ltd panel conveyancer requirements for adult occupiers : Do MBS Lending Ltd require a consent to mortgage from all occupants aged 17 or over
D.24 30/07/2019 BSA
Flying Freeholds and Freehold Flats
MBS Lending Ltd panel lawyers clarification as to whether they lend on flying freeholds and freehold flats
D.52 30/07/2019 BSA
Leasehold Conveyancing : Management Company
MBS Lending Ltd approved lawyers leasehold conveyancing requirements : requirement as to whether a copy of the management company documents need to be sent to them
E.1 30/07/2019 BSA
General Mortgage Instructions
Contact details at MBS Lending Ltd for conveyancing panel lawyers to obtain mortgage documentation
C.12 07/12/2018 BSA
New Build Conveyancing
MBS Lending Ltd panel conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
C.12 06/03/2017 BSA
New Build Conveyancing
MBS Lending Ltd panel conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
E.12 21/03/2016 BSA
Mortgage Advance Mechanics
Details as to how MBS Lending Ltd pay the mortgage advance to conveyancing panel lawyers

Last update 20/09/2019

FAQs : The MBS Lending Ltd Conveyancing Panel from members of the public

My mortgage broker has has requested my solicitor’s panel member for the MBS Lending Ltd conveyancing panel. Can you suggest how I find this out. I have contacted my local MBS Lending Ltd office but they have not got back to me yet.
the sensible thing to do is ask for this information from your solicitor. They should have a central record lender panel numbers including the MBS Lending Ltd panel reference.
My lawyer has identified an inconsistency when comparing the surveyor’s assumptions in MBS Lending Ltd’s valuation report and what is revealed within the legal papers for the property. My solicitor informs me that as he is on the MBS Lending Ltd conveyancing panel he needs to ensure that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s approach legitimate?
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 both parties.
Do all the firms listed on your directory have online case tracking as I understood that this was a condition of being on the MBS Lending Ltd 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.
My conveyancers in London have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with MBS Lending Ltd. Is it case that being on the MBS Lending Ltd conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the MBS Lending Ltd Conveyancing Panel Terms. It might be worth you contacting MBS Lending Ltd directly.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the MBS Lending Ltd conveyancing panel?
A selection of lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
My brother and I have agreed a price on a house I spoke to a lawyer recommended by my brother and he recommended using a law firm approved by MBS Lending Ltd. The estate agent recommended two local firms so I asked MBS Lending Ltd if the 2 suggested solicitors are approved, which they are not. MBS Lending Ltd pointed out that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of MBS Lending Ltd 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask MBS Lending Ltd for conveyancing panel firms in your area. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the MBS Lending Ltd conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto MBS Lending Ltd conveyancing panel as it may only take about 2-3 weeks. As long as they meet MBS Lending Ltd’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I have today made my last payment due on mortgage with MBS Lending Ltd. I assume I don't need a solicitor on the MBS Lending Ltd panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your MBS Lending Ltd mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the MBS Lending Ltd mortgage from the register. MBS Lending Ltd,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the MBS Lending Ltd has sent the Land Registry the discharge electronically, and the MBS Lending Ltd has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your MBS Lending Ltd mortgage has been paid off.