Melton Mowbray Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers. It is a unique risk management tool.

This software is the only way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with notifications given on Melton Mowbray Building Society’s changes. Even though utilising COMPLETIONmonitor is not a prerequisite for Melton Mowbray Building Society , demonstrating you can stay up to date with Melton Mowbray Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, protect your panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces compliance 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 Melton Mowbray Building Society

Banks and building societies 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, frequently:

A Timeline of Policy Changes


Since 2010, Melton Mowbray Building Society has made 19 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 143.7 days. In total, 11% of the sections of the BSA Requirements for Melton Mowbray Building Society have been changed since 26/1/2010.

To find out more about lender panel compliance,

Book a Personalised Demo

Recent Changes Include

# Date Assoc. Changes Related To
D.55 25/05/2018 BSA
C.12 25/05/2018 BSA
C.12 24/01/2018 BSA
C.12 06/03/2017 BSA
E.12 21/03/2016 BSA
B.7 10/08/2015 BSA
B.3 10/08/2015 BSA
E.10 20/01/2014 BSA
C.11 08/01/2014 BSA
D.34 26/03/2013 BSA

Last update 24/03/2019

Melton Mowbray Building Society Solicitor Panel Recently Asked Questions from members of the public

The solicitor my husband and I had intended to instruct on a remortgage said she would charge more if my lender is due to their unusual legal requirements. Will I regret using Melton Mowbray Building Society? Any comments will be appreciated
Melton Mowbray Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders. It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender. It is not clear if your lawyer is on the Melton Mowbray Building Society conveyancing panel. If they are not, this does add further risk of delay as Melton Mowbray Building Society will appoint their own solicitors to look after their interest.
Please assist. For no fault of my lawyer but, my purchase conveyancing has been going on for months. The Local Authority Search from Melton Mowbray Building Society was date stamped random date and we have agreed a date for me to move into the property on Tues etc. My solicitor informs me that as she is on the Melton Mowbray Building Society conveyancing panel she needs to redo the searches as they are now out of date.
One of the many conditions 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)which states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Melton Mowbray Building Society.
Your search tool is useful but there are many lawyers listed near London on the Melton Mowbray Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the Melton Mowbray Building Society approved panel?
We are not in the business of recommending one firm above another 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. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
What happens if my solicitor is removed from the Melton Mowbray Building Society Conveyancing panel before 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 for a fee.
Is it the case that all solicitor firms on the Melton Mowbray Building Society conveyancing panel regulated by the SRA?
As a firm of solicitors, in order to be on the Melton Mowbray Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Why might a lender such as Melton Mowbray Building Society withdraw a mortgage offer?
Banks and Building Societies such as Melton Mowbray Building Society can revoke their mortgage offer although this is unusual. should Melton Mowbray Building Society withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are 5 examples:
  • Where information comes to Melton Mowbray Building Society ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
  • If the financial circumstances of the borrower have changed to the detriment and the Melton Mowbray Building Society has been notified
  • Following advice from the property assessor on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
  • Where the sale is not at arms length for value to unconnected persons
  • If the solicitor on the Melton Mowbray Building Society conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Melton Mowbray Building Society ‘s instructions
We have had an offer accepted on a apartment I spoke to a conveyancer recommended by my brother and he recommended using a law firm approved by Melton Mowbray Building Society. The estate agent recommended two local firms so I asked Melton Mowbray Building Society if the 2 suggested solicitors are approved, which they are not. Melton Mowbray Building Society pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Melton Mowbray Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Melton Mowbray Building Society to suggest a law firm in your location. 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 Melton Mowbray Building Society 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 Melton Mowbray Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Melton Mowbray Building Society’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.