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.

Mansfield Building Society Solicitor Panel Assistance:

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.

my firm is on the Mansfield Building Society conveyancing panel. Can I get an archived copy of Mansfield Building Society Specific Requirements from the BSA?
The BSA, as is the case with the CML do not keep copies of Specific Requirements. The BSA recommend you contact Mansfield Building Society direct.
Being a lawyer on the Mansfield Building Society conveyancing panel who do I call if I have a query about the BSA Specific Requirements ?
If you are a conveyancer and have a question relating to the 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.
My firm is not on the Mansfield Building Society conveyancing panel among other banks . My clients, who have applied for a mortgage with Mansfield Building Society wish use my firms conveyancing services even though I am not on the Mansfield Building Society panel. Am I doing anything wrong is suggesting to my client that they use a firm down the road to act for Mansfield Building Society on mortgage aspect of the transaction?
You need to be careful here as what you are suggesting may not be acceptable to the lender. It is possible that you (as a non-panel firm) or the mortgage applicant are not entitled instruct a panel firm of your choice. Lenders such as Nationwide BS make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender must appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancer. You also need to make the costs implications and potential for delay very clear to your client.
My firm is on the Mansfield Building Society conveyancing panel. I am dealing with Mansfield Building Society mortgage on a purchase. My borrower client is asking not to disclose an issue to Mansfield Building Society. What do I do in this conflict situation?
When a solicitor is acting for both Mansfield Building Society and borrower there is potential for conflicts to arise. You owe duties to both clients. All information received by you from your client is confidential and cannot be disclosed without the client’s consent.

In your situation, if the purchaser will not consent to the information being passed on to the lender, the solicitor must cease to act for Mansfield Building Society and it may well be prudent for you to cease to act for the purchaser as well. You must not inform Mansfield Building Society of the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your Mansfield Building Society conveyancing panel status.

The CML Handbook includes 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:
I am a partner in a CQS firm on the Mansfield Building Society conveyancing panel. Do you have ideas as to how we can market our practice as specialists in conveyancing in Hendon who can act for the borrower and Mansfield Building Society?
5 people attempt to locate a conveyancer on the Mansfield Building Society panel each month in Hendon. Please contact the team at lenderpanel.com to see how your firm can be found by those searching for conveyancing in Hendon.

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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.
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* Data aggregated from sources including COMPLETIONmonitor