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Newbury Mortgage Services 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 Mortgage Services Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the Newbury Mortgage Services 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 PI insurers such as AmTrust. It is a unique risk management tool.

This system facilitates the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Newbury Mortgage Services’s changes. Even though using this technology is not a condition for being on the Newbury Mortgage Services panel, demonstrating you can remain up to date with Newbury Mortgage Services’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, safeguard your panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Newbury Mortgage Services

Banks and building societies frequently vary their requirements. The BSA instructions from Newbury Mortgage Services 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 Mortgage Services has made 26 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 105.0 days. In total, 12% of the sections of the BSA Requirements for Newbury Mortgage Services have been changed since 26/1/2010.

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Newbury Mortgage Services Conveyancing Panel : Questions and Answers from members of the public

My mortgage broker has says he needs my lawyer’ panel reference for the Newbury Mortgage Services conveyancing panel. Can you suggest how I discover this. I have called my local Newbury Mortgage Services branch but they don't know it.
the sensible thing to do is ask for this information from your solicitor. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Newbury Mortgage Services.
Can you clarify something for me?. My lawyer is not to blame but, my purchase conveyancing has been going on for months. The Local Authority Search from Newbury Mortgage Services was issued random date and we have agreed a date for me to move into the property on 6. My lawyer has advised that as she is on the Newbury Mortgage Services conveyancing panel she needs to redo the searches as they are no longer valid.
One of the many conditions to being on the Newbury Mortgage Services approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Newbury Mortgage Services)which specifies that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Newbury Mortgage Services.
I am looking for conveyancing quotes online. Can I be sure that all the law firms that are listed on your site are on the Newbury Mortgage Services conveyancing panel?
The law firms listed on our site have assured us via an online form that they are on the Newbury Mortgage Services panel and agreed to advise us to take down their listing in the event of removal off of the Newbury Mortgage Services panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Newbury Mortgage Services conveyancing panel is not accurate.
I was supposed to complete on my first house last Thursday. My solicitor is on the Newbury Mortgage Services solicitors panel but has moved offices 8 weeks ago and had not advised Newbury Mortgage Services of their new address. Newbury Mortgage Services is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Newbury Mortgage Services branch or your mortgage broker to see if they can help.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Newbury Mortgage Services conveyancing panel?
Some major lenders now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation 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 join their approved list of firms.
Do most banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Newbury Mortgage Services conveyancing panel requirements are different to Newbury Mortgage Services’s conveyancing panel criteria.
My fiance and I are in the throws of looking at flats and am about to put in an offer. Is it premature to have a solicitor in place? I will be getting a mortgage with Newbury Mortgage Services
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Newbury Mortgage Services , ask your prospective lawyers check they are on the Newbury Mortgage Services conveyancing panel otherwise they can't do the mortgage legal work.

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