Looking for information about your firm's panel status?
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 practice 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 Lexsure to see if we can help.
Do Mansfield Building Society or the Building Society Association run training seminars for the Mansfield Building Society approved solicitor panel in much the same way that the Law Society run cases for CQS accedited practices?
No such training is arranged by the BSA however they do host numerous general legal related conferences which are attended by firms on the Mansfield Building Society conveyancing panel. It is our intention to run specific lender focused seminars in the near future including a webinar on Mansfield Building Society’s obligations . Solicitors on the Mansfield Building Society conveyancing panel will be invited . Further details will be communicated as part of the LENDERmonitor change Notifications .
Being a firm on the Mansfield Building Society conveyancing panel who do I communicate with should we have a question conerning the BSA Specific Requirements ?
If you are a conveyancer and have a question relating to the mortgage instructions,
you should make contact with Mansfield Building Society. The BSA will not advise or comment on specific queries relating to Mansfield Building Society or other lenders.
Is it the case that the Law Society has advised that firms check their status on the
Mansfield Building Society
conveyancing panel?
The Law Society of Scotland has advised that solicitors should check their lender panel status before accepting client instructions to act. The advice is lender-agnostic as it does not relate specifically to solicitors on the
Mansfield Building Society
conveyancing panel. The recommendation arises from the practice of a number of mortgage lenders who remove
solicitors from their panels without prior notice as part of their
panel management system, which can lead to some solicitors discovering
this only once instructed. This is sensible advice as a client finding
out midway through a transaction that their lawyer is not on the
approved lender panel is very frustrating and can lead to
complaints. Many online consumer forums contain posts where someone is
complaining about finding that their lawyer is not on a lender
conveyancing panel. Such forums include moneysavingexpert.com
Being on the Mansfield Building Society conveyancing panel how long am I obliged to retain the complete conveyancing file?
The BSA Mortgage Instructions state that the firm must keep the file for at least 6 years from the date of the mortgage. Data imaging is normally suitable
compliance with this requirement. As a firm on the Mansfield Building Society conveyancing panel you must allow Mansfield Building Society to conduct such reasonable audit of your
information security measures as Mansfield Building Society or their
agents may to ensure your compliance with your file retention
obligations.
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 (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. seen in person)
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
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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
Other related topics:
- CQS policy templates and procedures for accredited Mansfield Building Society Firms
- Draft Report on Title precedent for Mansfield Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Mansfield Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Mansfield Building Society lender panel
- Buy-to-Let help for Mansfield Building Society
- Consent-to-Let help for Mansfield Building Society
- Contractor Mortgages with Mansfield Building Society
