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. COMPLETIONmonitor is a unique risk mitigation 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 automatic updates on Stafford Railway Building Society’s changes. Notwithstanding that using COMPLETIONmonitor is not a prerequisite for Stafford Railway Building Society , demonstrating you can stay up to date with Stafford Railway Building Society’s Handbook requirements is an excellent support to your panel application and, just as importantly, protect your firm’s panel standing.

The software generates real-time alerts, automatically produces SRA and CQS reports, and will enhance your firm's efficiency. It is also simply to use, cost-effective and, for many firms, results in a PII saving.

Find a Law Firm approved by Stafford Railway Building Society

Lenders 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, frequently:

A Timeline of Policy Changes


Since 2010, Stafford Railway Building Society has made 48 revisions or additions to sections of their version of the BSA Requirements.
That equates to a section change every 56.9 days. In total, 50% 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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Common questions asked concerning the Stafford Railway Building Society Solicitor Panel from members of the public

I have just been informed by my lender that my solicitor is not on the Stafford Railway Building Society Solicitor panel. What can I do to check?
The first thing you need to do is to contact your lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the the approved Stafford Railway Building Society solicitor panel.
Our lawyer has identified a defect with the lease for the apartment we are buying. The seller’s lawyers have offered title insurance as a solution. We are happy with insurance and will cover the costs. Our solicitor says that as he is on the Stafford Railway Building Society conveyancing panel he must be satisfied 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.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Stafford Railway Building Society conveyancing panel. My lawyer has said that they are on the Stafford Railway 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 Stafford Railway 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 Stafford Railway Building Society solicitor panel.
I was due to move into my first house last Friday. My lawyer’s firm is on the Stafford Railway Building Society solicitors panel but has changed address 8 weeks ago and had not informed Stafford Railway Building Society of their new address. Stafford Railway Building Society has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. Most 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 Stafford Railway Building Society branch or your mortgage broker to see if they can help.
How can we tell if a solicitor on the Stafford Railway Building Society panel is any good?
seeking recommendations is a sensible 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 recommend that you speak with the lawyer handling your transaction
After much negotiation I have agreed a price on a house. My mortgage broker recommended their conveyancers I paid an upfront payment of 175. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Stafford Railway Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Stafford Railway Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Me and my partner are acquiring a garden flat in Hendon. Conveyancing solicitors in Hendon are about to beinstructed. My colleagueadvised that we make sure that the property lawyer in Hendon is on the Stafford Railway Building Society solicitors panel. Surely I don't need to do this, do I?
Far from all Hendon conveyancing solicitors are on the Stafford Railway Building Society conveyancing panel. 7 people a month use our search tool to locate a Hendon conveyancing practitioner on the on the Stafford Railway Building Society list of approved conveyancing firms.