Loughborough Building Society Conveyancing Panel Information

The Society uses Legal Marketing Services Ltd (LMS) for its panel arrangements who will require the following information:

1) Up to date practising certificates for a minimum of 2 regulated principals;

2) Copy of professional indemnity insurance cover for a minimum of £2m(£3m if the firm is an LLP or company).

Any panel application is subject to individual assessment and approval.

Please contact the Society through the LMS SecureLink portal on the Conveyancer Zone. Alternatively you can contact the Society by telephoning 01509 631966 or emailing MortgageAdmin@theloughborough.co.uk

1) Where we think there is fraud;

2) We have been told something material is untrue or misleading;

3) You cannot confirm that the legal details are satisfactory;

4) You cannot comply with any of the offer conditions;

5) At the time we intended to lend the money, the property’s value is materially less than the loan amount, you must report any incentives, we require you to send in a copy of the Disclosure of Incentives Form before submitting the Certificate of Title. Non-disclosure or a late disclosure of incentives which materially impacts a valuation may result in the Society withdrawing the mortgage offer;

6) There has been a change to the customers circumstances which is likely to have a material impact on their ability to afford the loan or there is any fraud, misrepresentation, non-disclosure of material information or title defect.

(a) The mortgage advance will be paid electronically and we require 5 working days notice to send funds (Please refer to mortgage offer any deduction from the advance will be noted).

(b) No