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 CML and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk mitigation tool.

This software optimises the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with alerts on MBS Lending Ltd’s changes. Notwithstanding that using this technology is not a prerequisite for MBS Lending Ltd , demonstrating you can remain up to date with MBS Lending Ltd’s Handbook requirements is a helpful support to your panel application and, just as importantly, protect your firm’s panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. In addition it is user friendly, cost-effective and, for many firms, leads to 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.

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Recent Changes Include

# Date Assoc. Changes Related To
D.13 23/11/2018 BSA
C.12 25/05/2018 BSA
D.55 25/05/2018 BSA
D.55 21/11/2017 BSA
C.14 08/01/2014 BSA
D.56 08/01/2014 BSA
F.1 08/01/2014 BSA
F.9 08/01/2014 BSA
D.25 08/01/2014 BSA
E.33 03/01/2012 BSA

Last update 07/01/2019

MBS Lending Ltd Conveyancing Panel : Questions and Answers from members of the public

Much to my surprise I have been told by my estate agent that my the law firm I have appointed is not on the MBS Lending Ltd Conveyancing panel. How can I check?
You need to contact your conveyancer. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they may recommend you to a firm that is on the conveyancing panel for MBS Lending Ltd.
I am buying a newly built flat and my solicitor is advising me that she has to reveal incentives from the seller as her practice is on the MBS Lending Ltd conveyancing panel. The Estate Agents are hassling me to exchange and I dont want to prolong deal. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. 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). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
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 solicitor panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
My house is up for sale and I have a buyer. Does my solicitor have to be on the MBS Lending Ltd conveyancing panel in order to deal with paying off 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 previously instructed online conveyancers located in Bristol who are on the MBS Lending Ltd solicitor panel. They have just invoiced me a separate fee of £175 for dealing with the MBS Lending Ltd mortgage. Is this an additional conveyancing fee set by MBS Lending Ltd?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by MBS Lending Ltd but by your lawyers. Some firms on the MBS Lending Ltd will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
We expect to receive a DIP from MBS Lending Ltd this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the MBS Lending Ltd recommend a solicitor on the MBS Lending Ltd conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the MBS Lending Ltd conveyancing panel. The solicitor represents both you and the MBS Lending Ltd through the process.
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. 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 should be my next step? When should I get the mortgage app going with MBS Lending Ltd?
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 MBS Lending Ltd 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 MBS Lending Ltd and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.