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

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. It is supported by PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This software is the only way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Newbury Building Society’s changes. Notwithstanding that utilising COMPLETIONmonitor 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 a helpful support to your panel application and, more importantly, protect your panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. It is also simply to use, cost-effective and, for many firms, results in a PII saving.

Find a Law Firm approved by Newbury Building Society

Mortgage companies often vary 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, frequently:

A Timeline of Policy Changes


Since 2010, Newbury Building Society has made 30 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 91.0 days. In total, 16% 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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FAQs : The Newbury Building Society Conveyancing Panel from members of the public

I would like to know the reason why all solicitors are not on the Newbury Building Society Conveyancing panel?
Even though it may seem unfair for Newbury Building Society to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Newbury Building Society have restricted their panel of approved conveyancing lawyers to a size that they are happy to control. The Newbury Building Society lawyer panel is not the smallest
I am purchasing a new build duplex and my lawyer is telling me that she is duty bound to disclose incentives from the seller as her practice is on the Newbury Building Society conveyancing panel. I am on a tight deadline to exchange and I would rather not prolong matters. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Newbury Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Newbury Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I have been searching for conveyancing quotes online. Can I be sure that all the law firms that are identified on your site are on the Newbury Building Society conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the Newbury Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Newbury Building Society panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Newbury Building Society conveyancing panel is incorrect.
I am considering applying for a Newbury Building Society mortgage for purchase of a new build (under development) with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Newbury Building Society?
In theory, you could use a solicitor that is not on Newbury Building Society conveyancing panel, but Newbury Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Newbury Building Society conveyancing panel?
It is true that some banks and building societies now use CQS as the starting point for Panel membership such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
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.
I am due to exchange contracts on my house. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Newbury Building Society are being pedantic. The solicitor who is on the Newbury Building Society conveyancing panel is recommending indemnity insurance as a solution but Newbury Building Society are insisting on a building regulation certificate. Why do Newbury Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Newbury Building Society have referred the matter to their valuer. The reason why Newbury Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.

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