Looking for information about your firm's panel status?
Ipswich Building Society Conveyancing Panel Information:
What are the Ipswich Building Society conveyancing panel criteria?
Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements.
The Special Requirements state:
The Society operates a Conveyancing Panel and in order for Firms to act for the Society you must be appointed to this panel. To be appointed to the panel you should apply at:-
www.lms.com/lenderpanels
You must also comply with the terms and conditions of your Ipswich Building Society solicitor panel appointment.
Do Ipswich Building Society or the Building Society Association run CPD Courses for the Ipswich Building Society approved solicitor panel in much the same way that the Law Society run cases for CQS accedited practices?
This not something that the BSA would traditionally get involved with although they do organise numerous general legal related conferences which are attended by firms on the Ipswich Building Society conveyancing panel. It is our intention to run specific lender focused seminars in the coming months including a webinar on Ipswich Building Society’s obligations . Law firms on the Ipswich Building Society conveyancing panel are welcome . Information about the webinar will be made available as part of the LENDERmonitor change Notifications .
Will the fact that my firm has signed up to LENDERmonitor Alerts assist in my application to join the Ipswich Building Society solicitor panel?
The criteria to join the Ipswich Building Society conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
I have read a number of legal articles recently about firms being sued for non-compliance with BSA Mortgage Instructions. I am on the Ipswich Building Society conveyancing panel. Can you tell me how many Specific Requirement changes took place by Ipswich Building Society during 2013?
During this period 1 sections of the BSA Mortgage Instructions were changed by Ipswich Building Society. Some changes are more important than others but as a firm on the Ipswich Building Society conveyancing panel you are of course obliged to comply with individual lender requirements. Locktons have recently pointed out in an article that non-compliance with lender requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.
Remember: BSA requirements are not guidelines; they are the lender client’s instructions.
My PI renewal application this year contained the following question: ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the BSA Mortgage Instructions?’ My firm is on the majority of lender panels including the Ipswich Building Society conveyancing panel. We have Terms and Conditions of appointment which we have to follow. Am I supposed to mention these Terms?
The concern here is if you are expect to enter into ‘more onerous’ conditions that than the Handbook obligations.
You have to try and take an objective view as to whether the Terms relating to the Ipswich Building Society conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the BSA Mortgage Instructions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before moving forward on this question.
Are figures published revealing the Ipswich Building Society conveyancing panel size as well as the number of conveyancing firms removed from their panel each quarter?
With banks and conveyancing firms working so closely together it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the Ipswich Building Society conveyancing panel but for all lender panel listings
What lender panels do you receive the most questions about?
BSA lenders do not come within the top 20 lenders in terms of
frequency of questions. The most popular lender panels in terms of
questions are as follows:
Find a Lawyer on the Ipswich Building Society Approved Conveyancing Solicitors Panel
powered by LenderPanel
Average number of days to register title including a charge in favour of Ipswich Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Ipswich Building Society Firms
- Draft Report on Title precedent for Ipswich Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Ipswich Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Ipswich Building Society lender panel
- Buy-to-Let help for Ipswich Building Society
- Consent-to-Let help for Ipswich Building Society
- Contractor Mortgages with Ipswich Building Society
