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 management tool.

This system optimises the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Stafford Railway Building Society’s changes. Even though utilising the tool 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 a helpful support to your application to their lender panel and, just as importantly, safeguard your panel standing.

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

Find a Law Firm approved by Stafford Railway Building Society

Banks and building societies frequently 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.

To find out more about lender panel compliance,

Stafford Railway Building Society Solicitor Panel Recently Asked Questions from members of the public

My financial adviser has informed me that I have to pay Stafford Railway Building Society fees should I instruct my family lawyer. How efficient are the Stafford Railway Building Society conveyancing panel solicitors? I'm happy to use any solicitor in the country TBH provided that they are good and not exorbitantly priced. Would you recommend a specific law firm on the Stafford Railway Building Society panel?
Stafford Railway Building Society’s conveyancing panel is substantial so it would be advisable to check with the firms you are getting quotes from whether they are on it. You can search by postcode on the search tool on this site to find solicitors that Stafford Railway Building Society will allow to act for them.
Much to my surprise my conveyancer has requested from me identification documents asserting that this is part of his obligations as a solicitor on the Stafford Railway Building Society Solicitor panel. This is news to me - can I refuse?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that Stafford Railway Building Society also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Stafford Railway Building Society CML Handbook requirements last updated on Stafford Railway Building Society
Do all the licensed conveyancers and solicitor practices listed on your search have online case tracking as I was under the impression that this was a precondition of being on the Stafford Railway Building Society solicitor panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
My solicitors in London have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with Stafford Railway Building Society. Is it case that being on the Stafford Railway Building Society conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Stafford Railway Building Society Conveyancing Panel Terms. It might be worth you contacting Stafford Railway Building Society directly.
Is it the case that all conveyancing lawyers on the Stafford Railway Building Society conveyancing panel work on a no move no charge basis?
On the whole there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
I had instructed online conveyancers based in Manchester who are on the Stafford Railway Building Society solicitor panel. They are now charging me a separate fee of £150 for dealing with the Stafford Railway Building Society mortgage. Is this a supplemental conveyancing fee specified by Stafford Railway Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Stafford Railway Building Society but by your lawyers. Some firms on the Stafford Railway Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
We have a mortgage agreed in principle with Stafford Railway Building Society. Solicitors have been instructed? How long does it take for Stafford Railway Building Society to send the offer to our conveyancer
There is no definitive answer here. Have Stafford Railway Building Society done the valuation? Have you advised Stafford Railway Building Society as your lawyers details and checked that your lawyer is on the Stafford Railway Building Society conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued

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