Mansfield Building Society Conveyancing Panel Information

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

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

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

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Mansfield Building Society Solicitor Panel Information:

What are the Mansfield 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:

We do not have our own separate conveyancing panel. Conveyancers must be on the Law Society/Licensed conveyancers website. The Society does not allow Licensed Conveyancers or solicitors who are a sole trader to act, insisting on a minimum of 2 partners. The practicing certificates for all partners at the office are obtained, and any new requests to join the panel will initially require the completion of a conveyancing panel questionnaire. The validity of a firm is verified and checks are made to identify any disciplinary issues against the individual/firm, and evidence of PII cover is also obtained which must be for a minimum of £2m per claim (£3m for relevant recognised bodies or relevant licensed bodies).. A.13. The BSA Mortgage Instructions do not affect any responsibilities that you have to us under the general law or any practice rule or guidance issued by your professional body from time to time.

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

Can my firm register a complaint to the BSA about being removed excluded suspended from the Mansfield Building Society conveyancing panel?

The BSA is an association rather than a regulator and therefore cannot advise on complaints against lenders. You can of course contact us to see if we can assist.

A recent SRA survey reveals that three quarters of solicitors have been removed or threatened with removal from a lender conveyancing panel. Mansfield Building Society and other building societies have restricted their panel over the years. Why?

The feeling from lenders generally (we can not speak for Mansfield Building Society specifically), is that for too long solicitors have concentrated on their duty of care to their purchasing client, and have paid scant attention to the duty they owe to the lender, whom they conveniently forget is also their client.

Looking from the lenders’ perspective, it has to be said that there are pressures to encourage smaller panels. The Financial Services Authority regards the open panel system as a major contributor to mortgage fraud and negligence cases, and has been leaning on lenders to move to proactive panel management, which is more expensive the larger the panel. Hence it is becoming more common for lenders to charge fees, and/or require extensive form-filling, from would-be panel members

Mansfield Building Society and other BSA lenders are in varying stages of reviewing their approach to vetting firms on their conveyancing panels, to ensure their ongoing exposure to unsuitable firms is reduced.

Why did the Building Society Association introduced its own instructions?

The Building Society Association introduced it’s Mortgage Instructions in 2010 to ensure that licensed conveyancers or solicitors on a building society conveyancing panel had full access to a complete set of standardised mortgage instructions.

What reports are available via COMPLETIONmonitor to assist my appeal to be reinstated on the Mansfield Building Society solicitor 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 (purchase and remortgage)
Average mortgage advance
Buy to Let transactions
Notification 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. seen in person)

The Council of Mortgage Lenders Handbook contains conveyancing instructions for a roof with a solar panel. Mansfield 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 Mansfield 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 Mansfield Building Society Approved Conveyancing Solicitors Panel

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