Newbury Building Society 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. It is a unique risk management tool.

This system assists the way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on Newbury Building Society’s changes. While utilising the software is not a condition for being on the Newbury Building Society panel, demonstrating you can remain up to date with Newbury Building Society’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, protect your panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces compliance and CQS reports, and will improve 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 Newbury Building Society

Lenders often change their requirements. The BSA instructions from Newbury 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, Newbury Building Society has made 20 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 136.5 days. In total, 11% of the sections of the BSA Requirements for Newbury Building Society have been changed since 26/1/2010.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
C.12 10/10/2018 BSA
D.34 28/06/2017 BSA
D.26 28/06/2017 BSA
E.12 21/03/2016 BSA
D.55 15/07/2013 BSA
D.34 17/06/2013 BSA
C.12 17/06/2013 BSA
D.26 17/06/2013 BSA
A.12 17/06/2013 BSA
C.12 22/07/2010 BSA

Last update 13/05/2019

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

I am hoping to receive a mortgage offer from Newbury Building Society. I would like to use a Licensed Conveyancer. Does the Newbury Building Society Solicitor panel allow for conveyancers regulated by the CLC
Newbury Building Society’s approved solicitor list is, like many other lenders represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Please assist. For no fault of my lawyer but, my purchase conveyancing has been going on for months. The Local Authority Search from Newbury Building Society was issued random date and we have agreed a date for me to move into the property on 6 months + 3. My solicitor informs me that as she is on the Newbury Building Society conveyancing panel she needs to reorder the searches as they are now out of date.
One of the many conditions to being on the Newbury Building Society approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Newbury 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 Newbury Building Society.
I require the services of a Newbury Building Society panel solicitor in Inverness. Can you assist?
Unfortunately it’s not apparent why you need a Newbury Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Newbury Building Society to find out which solicitors in Newbury Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am considering applying for a Newbury Building Society mortgage for purchase of a new build (under development) with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Newbury Building Society?
There is nothing to stop you using your solicitor but Newbury Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
When it comes to mortgage companies such as Newbury Building Society do solicitors have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Completion of my remortgage has taken place with a mortgage from Newbury Building Society. Conveyancing was satisfactory but I would like to complain about Newbury Building Society. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the Newbury Building Society branches or the Customer Care Department at Newbury Building Society head office. In most cases complaints to Newbury Building Society are sorted out very quickly. However if you are not satisfied that the matter is resolved you can write to the Financial Ombudsman Service who will take matters further.
Newbury 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 Newbury Building Society or your broker and complete any relevant paperwork. Newbury Building Society will tell you what documents they want. Newbury 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. Newbury 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.