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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 is the only way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with alerts on Newbury Mortgage Services’s changes. Even though using the software 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.

The software generates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Newbury Mortgage Services

Mortgage companies frequently change 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, over time:

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.

To find out more about lender panel compliance,
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Newbury Mortgage Services Solicitor Panel Recently Asked Questions from members of the public

For what reasons could a firm of solicitors be removed from the Newbury Mortgage Services approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of solicitor practices had been excluded from a lender panel. The top reasons in order are :
  1. Low volume 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 Mortgage Services
Much to my surprise my solicitor is asking me for proof of ID documents stating that this forms part of his retainer as a conveyancer on the Newbury Mortgage Services Conveyancing panel. This is news to me - can I refuse?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Newbury Mortgage Services your lawyer also has to check ID documents to satisfy Newbury Mortgage Services
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Newbury Mortgage Services conveyancing panel. My lawyer has said that they are on the Newbury Mortgage Services 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 Mortgage Services 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 Mortgage Services solicitor panel.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Newbury Mortgage Services conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Newbury Mortgage Services 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 it true that all solicitor firms on the Newbury Mortgage Services conveyancing panel overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Newbury Mortgage Services conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I can not work out if my mortgage offer requires a lease extension . I have telephoned Newbury Mortgage Services on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Newbury Mortgage Services conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 requirements for Newbury Mortgage Services. Unless your lawyer obtains specific confirmation in writing that Newbury Mortgage Services 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 Mortgage Services to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
I was told three weeks ago that my mortgage has been agreed to by Newbury Mortgage Services. Is it usual for Newbury Mortgage Services to only issue the offer once my solicitor is approved on their conveyancing panel?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Newbury Mortgage Services to deal with your lawyers application to be on the Newbury Mortgage Services conveyancing panel. There's no guarantee that your solicitors will be accepted.

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