Stafford Railway Building Society Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based 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 stay fully compliant with their instructions, with alerts on Stafford Railway Building Society’s changes. Notwithstanding that using this technology is not a prerequisite for Stafford Railway Building Society , demonstrating you can remain up to date with Stafford Railway Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, more importantly, safeguard your firm’s panel standing.

COMPLETIONmonitor generates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to a PII saving.

Book a Stafford Railway Building Society Demo for this Panel Compliance Tool

Mortgage companies often change their requirements. The BSA instructions from Stafford Railway Building Society 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, Stafford Railway Building Society has made 5 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 546.0 days. In total, 3% of the sections of the BSA Requirements for Stafford Railway 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
E.12 21/03/2016 BSA
Mortgage Advance Mechanics
Details as to how Stafford Railway Building Society pay the mortgage advance to conveyancing panel lawyers
D.34 06/05/2014 BSA
Leasehold Conveyancing
Stafford Railway Building Society panel lawyers leasehold conveyancing requirements : minimum unexpired lease term
E.12 06/05/2014 BSA
Mortgage Advance Mechanics
Details as to how Stafford Railway Building Society pay the mortgage advance to conveyancing panel lawyers

Last update 13/11/2018

Stafford Railway Building Society Conveyancing Panel Example Support Desk Enquires from members of the public

My IFA has asked me for my lawyer’ panel reference for the Stafford Railway Building Society conveyancing panel. What is the best way to discover this. I have tried my local Stafford Railway Building Society office but they don't know it.
Have you tried speaking to your lawyer about this?. They should have a central record lender panel numbers including the Stafford Railway Building Society panel reference.
Our solicitor has uncovered a problem with the lease for the property we are buying. The seller’s lawyers have put forward defective title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer has advised that as he is on the Stafford Railway Building Society conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Stafford Railway Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Stafford Railway Building Society are the client. A precondition to being on the Stafford Railway Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Stafford Railway Building Society). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Stafford Railway Building Society can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . 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.
Do lenders provide you with an approved list of solicitors? How do you know who is on the Stafford Railway Building Society conveyancing panel?
The law firm practices themselves provide us confirmation that they are on the Stafford Railway Building Society conveyancing panel as opposed to being supplied with a list from Stafford Railway Building Society directly.
I am purchasing a garden flat and getting a mortgage with Stafford Railway Building Society. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Stafford Railway Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Stafford Railway Building Society conveyancing panel in your location.
Can you point me to a directory of Stafford Railway Building Society panel solicitors on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
How can we tell if a solicitor on the Stafford Railway Building Society panel is any good?
seeking recommendations is a good starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer handling your transaction
I have decided to exercise my right to buy my property off the council. I have a mortgage offer with Stafford Railway Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Stafford Railway Building Society you will need to appoint a solicitor on the Stafford Railway Building Society conveyancing panel.