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MBS Lending Ltd Conveyancing Lender Panel Compliance Tool

Looking for information about your firm's panel status?

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How can my firm apply to be on the MBS Lending Ltd Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the MBS Lending Ltd Conveyancing Panel?
Check your firm’s panel Status

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. It is supported by PI insurers. COMPLETIONmonitor is a unique risk management tool.

This software optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with alerts on MBS Lending Ltd’s changes. Even though using 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 a helpful support to your panel application and, just as importantly, safeguard your panel status.

The software generates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by MBS Lending Ltd

Mortgage companies 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, frequently:

A Timeline of Policy Changes


Since 2010, MBS Lending Ltd has made 120 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 22.8 days. In total, 56% 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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Examples of recent questions relating to the MBS Lending Ltd Solicitor Panel from members of the public

My property lawyer has never been on on the MBS Lending Ltd Solicitor Panel. Is it possible for me to continue with my preferred solicitor notwithstanding that they are excluded from the MBS Lending Ltd panel?
You have a number of options available to you here:
  1. Complete the purchase with your preferred lawyers but MBS Lending Ltd will need to instruct a lawyer on the MBS Lending Ltd conveyancing panel. This will result in additional cost and potential delay.
  2. Get a new solicitor to act in the purchase, obviously checking they are on the MBS Lending Ltd conveyancing panel.
  3. Urge your lawyer to apply to join the MBS Lending Ltd lender panel
We are getting closer to 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.
Whilst your website is a good idea there are many lawyers listed near Hackney on the MBS Lending Ltd conveyancing panel. Can you recommend a specific firm on the MBS Lending Ltd approved panel?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
What happens if my lawyer’s firm is removed from the MBS Lending Ltd Solicitor panel prior to the completion date?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I had instructed online conveyancers located in Manchester who are on the MBS Lending Ltd solicitor panel. They have just invoiced me a separate fee of £195 for the legal aspects of the MBS Lending Ltd mortgage. Is this an additional conveyancing fee specified 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.
Two weeks ago we had a mortgage agreed in principle with MBS Lending Ltd. Solicitors have been instructed? How long does it take for MBS Lending Ltd to send the offer to our conveyancer
Some lenders take longer than others. Have MBS Lending Ltd conducted the valuation? Have you advised MBS Lending Ltd as your lawyers details and checked that your lawyer is on the MBS Lending Ltd conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
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 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.

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