MBS Lending Ltd Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. COMPLETIONmonitor is a unique risk management tool.

This system facilitates the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on MBS Lending Ltd’s changes. While using COMPLETIONmonitor is not a condition for being on the MBS Lending Ltd panel, demonstrating you can stay up to date with MBS Lending Ltd’s Handbook requirements is a helpful support to your panel application and, more importantly, protect your panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces regulatory and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for many firms, results in reduced PII premiums.

Find a Law Firm approved by MBS Lending Ltd

Lenders often 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 118 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 23.1 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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Common questions asked concerning the MBS Lending Ltd Conveyancing Panel from members of the public

How easy is it to change a solicitor as I need to find one who is on the MBS Lending Ltd conveyancing panel. Is it advisable to appoint a new law firm?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
We are nearing an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender MBS Lending Ltd. Apparently, being on the MBS Lending Ltd conveyancing panel and acting on their behalf he must inform MBS Lending Ltd if the balance of the mortgage advance is coming from anyone other than me. I informed the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for him to raise this?
Your lawyer is obliged to check with MBS Lending Ltd to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to MBS Lending Ltd if you agree, failing which, your lawyer must cease to continue acting.
Do I need to attend the offices of the MBS Lending Ltd conveyancing panel solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Newcastle so that I can pop in to their offices when needed.
Whereas this was necessary 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Newcastle .
My grandmother passed away last year and as sole heir and executor was left the property. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to MBS Lending Ltd , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then MBS Lending Ltd will insist on your using a conveyancer on the MBS Lending Ltd conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your MBS Lending Ltd conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the MBS Lending Ltd mortgage is registered as a charge at the Land Registry.
Can you point me to a directory of MBS Lending Ltd panel conveyancers on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
We have a mortgage agreed in principle with MBS Lending Ltd. Solicitors have been instructed? What is the average time that one could expect to receive a mortgage offer from MBS Lending Ltd?
There is no definitive answer here. Have MBS Lending Ltd conducted the survey? Have you advised MBS Lending Ltd as your lawyers details and checked that your lawyer is on the MBS Lending Ltd conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
For 5 years I had a mortgage with MBS Lending Ltd. My godfather has just retired and wants to pay off the mortgage left on the property. After MBS Lending Ltd is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the MBS Lending Ltd conveyancing panel? I do not intend to live at the property once the MBS Lending Ltd mortgage is discharged.
You will need a solicitor but they need not be on the MBS Lending Ltd 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. As the property is your main residence you need not pay CGT but you should speak with your accountants in any event.