Newbury Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. 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 alerts on Newbury Building Society’s changes. Notwithstanding that using the tool is not a prerequisite for Newbury Building Society , demonstrating you can stay up to date with Newbury Building Society’s Handbook requirements is an excellent support to your panel application and, just as importantly, protect your panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces regulatory and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, leads to 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, 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
D.13 23/11/2018 BSA
Conveyancing Searches: Personal Searches and/or insurance
Newbury Building Society panel lawyers clarification as to whether they accept personal searches/insurance and, if yes, the Newbury Building Society requirements
C.12 10/10/2018 BSA
New Build Conveyancing
Newbury Building Society panel conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
D.34 28/06/2017 BSA
Leasehold Conveyancing
Newbury Building Society approved lawyers leasehold conveyancing requirements : minimum unexpired lease term
D.26 28/06/2017 BSA
Freehold and leasehold owner of multiple flats
Newbury Building Society panel lawyers clarification as to whether they accept security which comprises a building converted into not more than four flats where the borrower occupies one of those flats and the borrower or another flat owner also owns the freehold of the building and the other flats are subject to long leases?
E.12 21/03/2016 BSA
Mortgage Advance Mechanics
Details as to how Newbury Building Society pay the mortgage advance to conveyancing panel lawyers
C.12 20/01/2016 BSA
New Build Conveyancing
Newbury Building Society approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
D.55 15/07/2013 BSA
Shared Ownership and Shared Equity
Newbury Building Society requirements for conveyancing panel lawyers for lending on affordable housing, shared equity and shared ownership properties
C.12 17/06/2013 BSA
New Build Conveyancing
Newbury Building Society approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
D.26 17/06/2013 BSA
Freehold and leasehold owner of multiple flats
Newbury Building Society panel lawyers clarification as to whether they accept security which comprises a building converted into not more than four flats where the borrower occupies one of those flats and the borrower or another flat owner also owns the freehold of the building and the other flats are subject to long leases?
C.12 22/07/2010 BSA
New Build Conveyancing
Newbury Building Society approved conveyancer requirements for New Build Conveyancing : Home Warranty Schemes

Last update 09/11/2019

FAQs : The Newbury Building Society Conveyancing Panel from members of the public

Much to my surprise I have been told by my mortgage adviser that my the law firm I have appointed is not on the Newbury Building Society Conveyancing panel. How can I be sure that this is correct?
The first thing you need to do is to contact your conveyancer. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for Newbury Building Society.
My lawyer has discovered a discrepancy between the assumptions in Newbury Building Society’s home valuation report and what is revealed within the conveyancing documents. My lawyer has advised that as he is on the Newbury Building Society conveyancing panel he must ensure that the bank is with this discrepancy and is still content to lend. Is my conveyancer’s course or action legitimate?
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) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. 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.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Newbury Building Society conveyancing panel. My lawyer has said that they are on the Newbury Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Newbury Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Newbury Building Society solicitor panel.
I am selling my house. Does my solicitor have to be on the Newbury Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Newbury Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
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. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
We are getting a further advance on our mortgage from Newbury Building Society as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Newbury Building Society conveyancing panel to deal with the paperwork?
Newbury Building Society would not normally appoint firms on their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Newbury Building Society panel
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called into my local branch Newbury Building Society on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Newbury Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
Your lawyer has to follow the CML Handbook Part 2 requirements for Newbury Building Society. Unless your lawyer obtains specific confirmation in writing that Newbury Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Newbury Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.