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Melton Mowbray Building Society 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 Melton Mowbray Building Society Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the Melton Mowbray Building Society Conveyancing Panel?
Check your firm’s panel Status

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. It is supported by PI insurers such as AmTrust. It is a unique risk management tool.

This system optimises the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with notifications given on Melton Mowbray Building Society’s changes. Even though utilising the tool is not a condition for being on the Melton Mowbray Building Society panel, demonstrating you can remain up to date with Melton Mowbray Building Society’s Handbook requirements is an excellent support to your panel application and, just as importantly, safeguard your firm’s panel status.

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

Find a Law Firm approved by Melton Mowbray Building Society

Lenders often change their requirements. The BSA instructions from Melton Mowbray Building Society 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, Melton Mowbray Building Society has made 48 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 56.9 days. In total, 31% of the sections of the BSA Requirements for Melton Mowbray Building Society have been changed since 26/1/2010.

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Frequently asked questions relating to the Melton Mowbray Building Society Solicitor Panel from members of the public

I instructed a firm of solicitors to conveyancing on my remortgage six weeks ago having applied for a mortgage with Melton Mowbray Building Society. The firm assured me that they are on Melton Mowbray Building Society conveyancing panel and provided me their panel number. Melton Mowbray Building Society then called me to say that their panel number was dormant and would need to be reactivated. What happens next? Do I instruct a different law firm listed on the approved panel for Melton Mowbray Building Society?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Melton Mowbray Building Society conveyancing panel You may wish to enlist the help of your broker to check with the Melton Mowbray Building Society as to the time frame to get your lawyer reinstated on the panel once again.
Our lawyer has identified a defect with the lease for the property we are purchasing. The seller’s lawyers have suggested defective title insurance as a solution. We are content with insurance and will pay for it. Our solicitor has advised that as he is on the Melton Mowbray Building Society conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Melton Mowbray Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Melton Mowbray Building Society are the client. A precondition to being on the Melton Mowbray Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Melton Mowbray Building Society). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Melton Mowbray Building Society can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . 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 am planning to acquire a property and require a conveyancing solicitor in Newcastle who is on the Melton Mowbray Building Society solicitor. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Melton Mowbray Building Society . We don’t recommend any particular firm.
The firm that just started acting on my purchase in London has suddenly closed. They were on acting for me because I had to have a lawyer on the Melton Mowbray Building Society conveyancing panel and my previous lawyer was not. I paid them £200 on account. What are my options?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Melton Mowbray Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help
Is it the case that all conveyancing solicitors on the Melton Mowbray Building Society conveyancing panel work on a no sale no fee basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
For 5 years I had a mortgage with Melton Mowbray Building Society. My father has just retired and wants to pay off my mortgage. After Melton Mowbray Building Society 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 Melton Mowbray Building Society conveyancing panel? I do not intend to live at the property once the Melton Mowbray Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont need to be on the Melton Mowbray Building Society 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. There's no capital gains tax for you as it is your main residence.
Melton Mowbray Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Melton Mowbray Building Society or your broker and complete any relevant paperwork. Melton Mowbray Building Society will tell you what documents they want. Melton Mowbray Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Melton Mowbray Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.

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