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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How does my firm apply to be on the Loughborough Building Society Approved Conveyancing Solicitors Panel?

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How can my firm be reinstated onto the Loughborough Building Society Approved Conveyancing Solicitors Panel?

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Loughborough Building Society Conveyancing Panel Assistance:

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 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

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:

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.

Does the fact that my firm receives LENDERmonitor Alerts assist in my application to join the Loughborough Building Society conveyancing panel?

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

I am hearing that agents are using online checkers to see if a firm is on a lender panel. Why?

Many estate agents are suffering if their clients start out on the conveyancing process using a solicitor who is not on the panel with the purchaser’s chosen lender. Many conveyancing firms are only discovering when they begin working on a case that they are no longer able to work with that lender. Given the inevitable resultant delays in the transaction the chances of an abortive deal increases dramatically. in the circumstances there is understandable anguish on the part of the estate agent as a result of the lost time should the client have to change solicitors lawyers.

Do you have any idea what Lenders such as Loughborough Building Society are asking for when it comes to applying to be on their approved solicitor list?

Each lender has different criteria. We do not hold specific requirements relating to the questions raised as part of the application to be on the Loughborough Building Society conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

Whether any lender has ever made a claim against the firm’s PII cover
Whether the firm is able to operate in other jurisdictions
Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers
Summary of annual accounts
Firm name, address and contact details including all branches (including evidence of existence through risk-based physical visits and Google Streetview checks)
Whether the firm has ever applied for accreditation and the outcome of the application
House price discrepancies (declared to lender vs. registered at Land Registry)
List of all those who can sign off the Certificate Of Title
Full disciplinary history for each conveyancing solicitor
Whether the firm has ever accepted instructions in respect of property clubs and investment schemes

What information is available via COMPLETIONmonitor to assist my application to be on the Loughborough Building Society conveyancing panel?

There are many reports available but examples include:

Average time frame to register charges at the Land Registry
Average time frame to send deeds to the lender (calculated from completion date or title registration)
Number of conveyancing cases by lender
The percentage of the firm’s business which is conveyancing (broken down into sale)
Average mortgage advance
Buy to Let transactions
Disclosure to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
Evidence of undertaking logs
Current and historic missed priority dates
Analysis as to the nature of clients (e.g. new client )

The Council of Mortgage Lenders Handbook contains conveyancing instructions for a property with a solar panel. Loughborough Building Society do not seem to have any similar obligations via the BSA Mortgage Instructions. Am I missing something?

The BSA Mortgage Instructions don't specifically deal with Solar Panels but it would be prudent as approved solicitors for Loughborough Building Society to raise the issue with them (as you would if the UK Finance Lenders’ Handbook applied). In any event you need to raise the appropriate questions for your buyer client.

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*
2026	[no data]
2025	[no data]
2024	[no data]
2023	[no data]
2022	[no data]
2021	[no data]

* Data aggregated from sources including COMPLETIONmonitor

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