Looking for information about your firm's panel status?
Marsden Building Society Conveyancing Panel Information:
What are the Marsden Building Society conveyancing panel criteria?
Unlike the UK Finance 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 certificate
2) Copy of professional indemnity insurance
3) Confirmation that you have adequate fire storage facilities
4) Confirmation that you are already a panel member of at least 6 recognised lenders
Please contact the Society through the LMS SecureLink portal on the Conveyancer Zone. Alternatively you can contact the Lending Services Department by telephoning 01282 440500 or emailing completions-post@themarsden.co.uk
You must also comply with the terms and conditions of your Marsden Building Society solicitor panel appointment.
I am hearing that agents are using online checkers to see if a firm is on a lender panel. Why?
Many estate agents will be suffering if their clients start out on the buying process using a conveyancer 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.
My client is purchasing a semi detached house for
£607,500 in Mill Hill requiring a mortgage advance over GBP 415k.
I am on the Marsden Building Society conveyancing panel but do Marsden Building Society have a separate approved panel when the advance is above 300,000?
Lexsure only know of two or three lenders that operate a distinct approved solicitors panel where the mortgage advance is over a certain threshold.
You should nevertheless check directly with Marsden Building Society. At one stage HSBC would only allow Sole practitioners to act for
them where the mortgage was below £150,000. We are not sure if HSBC
still operate such a condition. In your case it is best to check with
Marsden Building Society
What information is available via COMPLETIONmonitor to assist my application to be on the Marsden 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 (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. new client )
Are there conditions,outside the BSA Mortgage Instructions, that a firm should be aware of when on the Marsden Building Society conveyancing panel?
In order to be on the Marsden Building Society conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily Marsden Building Society) are as follows:
- To quote on all communications with us relating to deeds issues, whether by telephone or in writing, the panel number that we provide for each practising address and the mortgage account or application number for the mortgage concerned.
- To forward the title deeds and documents to another solicitor within 24 hours of an instruction from us requiring you to do so. On forwarding the deeds as instructed you will confirm to us that you have done so. Upon receipt of your confirmation, we will release you from all undertakings relating to your holding the title deeds.
- To notify us in writing of any change in your details as held on our records for example, change of address, telephone number, document exchange number email address. Notification must be given to us at least 10 days before the change will be effective.
- To carry out our instructions with reasonable care and skill, ensuring that all employees carrying out mortgage work on our behalf are qualified and competent to do so
- To be responsible for the reconstitution of the title deeds (whether the title is registered or unregistered, at your own cost), where any deeds in your possession, or were last known to be in your possession, go missing.
Can the BSA assist me in an appeal having not been accepted onto the Marsden Building Society conveyancing panel?
If you have not been accepted or indeed been removed from the Marsden Building Society conveyancing panel then the BSA will not have any part to play in influencing Marsden Building Society in changing their mind. Please contact us here at Lexsure so that we can put you in touch with a consultant who may be able to assist. At the very least it’s worth a call to us.
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 Marsden Building Society Approved Conveyancing Solicitors Panel
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Average number of days to register title including a charge in favour of Marsden 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
Other related topics:
- CQS policy templates and procedures for accredited Marsden Building Society Firms
- Draft Report on Title precedent for Marsden Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Marsden Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Marsden Building Society lender panel
- Buy-to-Let help for Marsden Building Society
- Consent-to-Let help for Marsden Building Society
- Contractor Mortgages with Marsden Building Society