Loughborough Building Society Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Loughborough Building Society and to assist in remaining on the Loughborough Building Society Approved Conveyancing Solicitors Panel.

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Loughborough Building Society Conveyancing Panel Information:

What are the Loughborough Building Society conveyancing panel arrangements?

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 requires your firm or company to be a member of our conveyancing panel. You must be CQS accredited, must have submitted an application form, be registered on www.lawsociety.org , or www.conveyancer.org.uk , produced your current Practising Certificate(s) for a minimum of 2 regulated principals, together with evidence of professional indemnity insurance cover for a minimum of £2m (£3m if the firm is a Limited Liability Partnership or a company). Any panel application is subject to individual assessment and approval.

You must also comply with the terms and conditions of your Loughborough Building Society solicitor panel appointment.

Are Loughborough Building Society Conveyancing panel lawyers at risk of the society altering or retracting the mortgage offer?

Loughborough Building Society ‘s answer to this question can be found at section B.3 of their BSA specific requirements which states:

You must report any incentives. In addition if the property is yet to be occupied for the first time, or for the first time in its current form we require you to send in a copy of the Disclosure of Incentives Form before submitting the Certificate of Title. You should send us this Form even if it does not disclose any incentives. A non-disclosure or a late disclosure of incentives which materially impacts a valuation may result in the Society withdrawing the mortgage offer.

Do Loughborough Building Society or the BSA run CPD seminars for the Loughborough Building Society approved solicitor panel in much the same way that the Law Society run cases for CQS accedited practices?

The BSA do not involve themselves in training although they do host numerous general conveyancing related conferences which are attended by firms on the Loughborough Building Society conveyancing panel. It is our intention to run specific lender focused seminars in the coming months including a webinar on Loughborough Building Society’s obligations . Practitioners on the Loughborough Building Society conveyancing panel are welcome . Information about the webinar will be made available as part of the LENDERmonitor change Notifications .

Is it conceivable that Loughborough Building Society will instruct another solicitor on the Loughborough Building Society lender panel for a further advance during the lifetime of a mortgage ?

The Building Society Association Mortgage Instructions relevant to a solicitor on the Loughborough Building Society conveyancing panel indicates that when a further advance is required for alterations or improvements to the property we will not normally instruct a member of the Loughborough Building Society conveyancing panel but if you are instructed the appropriate provisions of the BSA mortgage instruction must be followed .

Do the Building Society Association intend to launch a searchable register to to identify solicitors on the Loughborough Building Society conveyancing panel ?

We have not been informed any intention on the part of the BSA to develop such a register .

Will the fact that my firm has signed up to Alerts via this site assist in my application to join the Loughborough Building Society conveyancing panel?

The criteria to join the Loughborough Building Society conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.

What obligations do I have, being on the Loughborough Building Society conveyancing panel, to carry out a flood search?

Loughborough Building Society make no specific obligation to carry out any of the searches listed. The BSA Mortgage Instructions simply states that ‘you must ensure that any other searches which may be appropriate to the particular property, taking into account its locality and other features are carried out’.

Remember that most ‘less usual searches’ (as described in the Law Society’s Conveyancing Handbook) are not optional as far as Loughborough Building Society are concerned if they are ‘appropriate’. Most lenders will not require environmental searches (you should Check the Loughborough Building Society Specific Requirements of BSA Handbook to be sure), but you are obliged to explain risks and availability to the client.

Ground stability, Plansearch,flood searches as well as the searches listed in the question are optional – but only to the extent that you have allowed the borrower client to make an informed choice. Regardless of whether there is a mortgage, If you have not advised the client that these (and other) searches are available and what risks they cover, then you will be liable if the client suffers loss through not conducting one.

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 Loughborough Building Society Approved Conveyancing Solicitors Panel

Average number of days to register title including a charge in favour of Loughborough 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

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