Newbury Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers. It is a unique risk management tool.

This software facilitates the way you can demonstrate 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 software 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 firm’s panel standing.

COMPLETIONmonitor creates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Newbury Building Society

Mortgage companies frequently 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
D.13 23/11/2018 BSA
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 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 10/09/2019

Common questions asked concerning the Newbury Building Society Conveyancing Panel from members of the public

For what reasons would a firm of solicitors be removed from the Newbury Building Society solicitor panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been removed from a lender panel. The most common reasons in order are :
  1. lack of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by Newbury Building Society
My wife and I are refinancing our apartment with Newbury Building Society. We have a son approaching twenty who lives with us. The solicitor on the Newbury Building Society conveyancing panel has asked us to disclose any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the apartment is repossessed. I have a couple of questions (1) Is this form unique to the Newbury Building Society conveyancing panel as he never had to sign this form when we remortgaged 5 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Newbury Building Society conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Newbury Building Society .This is solely used to protect the Newbury Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Newbury Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

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 trying to get my former partner removed the mortgage deeds. Can Newbury Building Society really insist on which solicitor I can or can not instruct?
You can use any solicitor you like but Newbury Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Newbury Building Society solicitors panel
I previously instructed online conveyancers located in Birmingham who are on the Newbury Building Society solicitor panel. They are now charging me a separate fee of £150 for dealing with the Newbury Building Society mortgage. Is this an additional conveyancing fee specified by Newbury Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Newbury Building Society but by your lawyers. Some firms on the Newbury Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Newbury Building Society be concerned
As you are obtaining a mortgage with Newbury Building Society your lawyer must to check the Newbury Building Society conveyancing instructions contained in the Part of CML Handbook for Newbury Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Newbury Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
Me and my partner are taking a long lease of a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon need to beinstructed. My motheradvised that we enquire that the property lawyer in Hendon is on the Newbury Building Society panel. Aren't all lawyers on the Newbury Building Society panel?
Far from all Hendon conveyancing solicitors are on the Newbury Building Society conveyancing panel. Click here to find a Hendon conveyancing practitioner on the on the Newbury Building Society approved list of lawyers.