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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

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. It is supported by professional indemnity insurers. It is a unique risk management tool.

This system is the only 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. Notwithstanding that using the software is not a condition for acceptance 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 standing.

The software creates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by Newbury Building Society

Banks and building societies 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 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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Common questions asked concerning the Newbury Building Society Solicitor Panel from members of the public

My fiance and I are purchasing a 1 bedroom flat in Newcastle with a mortgage from Newbury Building Society. We like our solicitor but Newbury Building Society says he's not on their "panel". We have to appoint one of the Newbury Building Society panel solicitors or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Newbury Building Society conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Newbury Building Society
We are only a couple days away from an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Newbury Building Society. Apparently, being on the Newbury Building Society conveyancing panel and acting on their behalf he must inform Newbury Building Society if the balance of the mortgage advance is not just from me. I informed the bank about my parent’s contribution when I applied for the home loan so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with Newbury Building Society to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Newbury Building Society if you agree, failing which, your lawyer must cease to continue acting.
I am purchasing a property and require a conveyancing solicitor in Birmingham who is on the Newbury Building Society solicitor. Could you point me in the right direction as regards a firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Newbury Building Society . We don’t recommend any particular firm.
My conveyancers in Newcastle have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with Newbury Building Society. Is it case that being on the Newbury Building Society conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Newbury Building Society Conveyancing Panel Terms. It might be worth you contacting Newbury Building Society directly.
My wife and I have arranged a further advance on our mortgage from Newbury Building Society as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Newbury Building Society conveyancing panel to deal with the paperwork?
Newbury Building Society do not ordinarily instruct a member of 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 list
We have a mortgage agreed in principle with Newbury Building Society. Solicitors have been instructed? What is the average time that one could expect to receive a mortgage offer from Newbury Building Society?
Some lenders take longer than others. Have Newbury Building Society conducted the valuation? Have you advised Newbury Building Society as your lawyers details and checked that your lawyer is on the Newbury Building Society conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
We were going to get a DIP from Newbury Building Society this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Newbury Building Society recommend a solicitor on the Newbury Building Society conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Newbury Building Society conveyancing panel. The solicitor represents both you and the Newbury Building Society through the process.

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