Looking for information about your firm's panel status?
Loughborough Building Society Conveyancing Panel Information:
What are the Loughborough 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 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.
my firm is on the Loughborough Building Society conveyancing panel. Can I get an archived copy of Loughborough Building Society Specific Requirements from the BSA?
The BSA, as is the case with the CML do not hold duplicates of Specific Requirements. The BSA advise that you make a request of Loughborough Building Society directly.
Do Loughborough Building Society or the Building Society Association run training Courses for the Loughborough Building Society approved solicitor panel akin to the way that CQS do?
No such training is arranged by the BSA but they do arrange a number of useful 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 near future including a webinar on Loughborough Building Society’s obligations . Solicitors on the Loughborough Building Society conveyancing panel are welcome . Further details will be made available as part of the LENDERmonitor change Notifications .
Being a lawyer on the Loughborough Building Society conveyancing panel who should we contact if I have a query about the BSA conveyancing instructions ?
If you are a solicitor and have a query regarding the Specific Requirements,
you should make contact with Loughborough Building Society. The BSA will not advise or comment on specific queries relating to Loughborough Building Society or other lenders.
Will the fact that my practice receives LENDERmonitor Alerts assist in my application to join the Loughborough Building Society solicitor 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.
As a member of the approved approved solicitor list for Loughborough Building Societyhow do I receive the mortgage advance?
The BSA Mortgage Instructions Loughborough Building Society addresses this question by stating:
(a) The mortgage advance will be paid electronically and we require 5 working days notice to send funds
No standard deductions
(b) The borrower(s) will receive a waiver form with the offer documentation in which they can waive their right to the reflection period. This form can either be returned directly to Loughborough Building Society or to the solicitor or conveyancer acting. Until either the reflection period has expired or the waiver form has been returned the funds will not be released.
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:
My partners and I run a small firm on the Loughborough Building Society conveyancing panel. Do you have ideas as to how we can market our firm as conducting conveyancing in Hendon who can act for the borrower and Loughborough Building Society?
14 people search for a conveyancer on the Loughborough Building Society panel each month in Hendon. Feel free to contact the Lexsure team who will tell how your firm can be identified by those searching for conveyancing in Hendon.
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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
Other related topics:
- CQS policy templates and procedures for accredited Loughborough Building Society Firms
- Draft Report on Title precedent for Loughborough Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Loughborough Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Loughborough Building Society lender panel
- Buy-to-Let help for Loughborough Building Society
- Consent-to-Let help for Loughborough Building Society
- Contractor Mortgages with Loughborough Building Society
