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Stafford Railway 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 Stafford Railway Building Society Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the Stafford Railway Building Society Conveyancing Panel?
Check your firm’s panel Status

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

This software assists the way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Stafford Railway Building Society’s changes. Even though utilising the software is not a condition for acceptance on the Stafford Railway Building Society panel, demonstrating you can stay up to date with Stafford Railway Building Society’s Handbook requirements is an excellent support to your panel application and, more importantly, protect your panel standing.

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

Find a Law Firm approved by Stafford Railway Building Society

Banks and building societies often vary 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, over time:

A Timeline of Policy Changes


Since 2010, Stafford Railway Building Society has made 62 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 44.0 days. In total, 56% of the sections of the BSA Requirements for Stafford Railway Building Society have been changed since 26/1/2010.

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

Is the fact that my conveyancer is not isted on the Stafford Railway Building Society Conveyancing panel that there is a problem with the quality of his conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal 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. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Stafford Railway Building Society.
Can you clarify something for me?. For no fault of my lawyer but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Stafford Railway Building Society was issued random date and we have agreed a date for me to move into the property on Tues etc. My solicitor says that as she is on the Stafford Railway Building Society conveyancing panel she needs to reorder the searches as they are no longer valid.
A precondition to being on the Stafford Railway Building Society approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Stafford Railway Building Society)which states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Stafford Railway Building Society.
I note that you have a post code search directory identifying solicitors on the Stafford Railway Building Society conveyancing panel. Do firms pay you a referral fee if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Stafford Railway Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I would like to get my former partner taken off the mortgage deeds. Can Stafford Railway Building Society really tell me which solicitor I can or can not use?
You can use any solicitor you like but Stafford Railway 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 Stafford Railway Building Society solicitors panel
Can I be sure that the solicitor on the Stafford Railway Building Society panel is any good?
obtaining recommendations is a sensible start. 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 suggest that you speak with the lawyer carrying out your conveyancing
I am about to exchange contracts on a purchase with a mortgage from Stafford Railway Building Society. The report from my solicitor mentions that Stafford Railway Building Society could withdraw their offer before completion. Is this right?
Lenders such as Stafford Railway Building Society can withdraw their mortgage offer although this is unusual. should Stafford Railway Building Society withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are 5 examples:
  • If the financial circumstances of the borrower have changed to the detriment and the Stafford Railway Building Society has been notified
  • If the borrower informs Stafford Railway Building Society of a change in the loan amount agreed
  • Amendments if purchase price adjusted and the loan to value limits exceeded by this. Please note that Stafford Railway Building Society conveyancing panel solicitors would be obliged to notify Stafford Railway Building Society of a change in the price of the property.
  • Where the lender has to take account a recent change in taxation
  • If the solicitor on the Stafford Railway Building Society conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Stafford Railway Building Society ‘s instructions
I am currently in the process of buying my council flat. I have a mortgage offer with Stafford Railway Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use 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.

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