Marsden Building Society Conveyancing Panel Information

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

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Marsden Building Society Solicitor Panel Information:

What are the Marsden 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 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.

Do Marsden Building Society or the Building Society Association run training Courses for the Marsden Building Society approved conveyancing panel in much the same way that the Law Society run cases for CQS accedited practices?

The BSA do not involve themselves in training however they do provided a number of useful legal related conferences which are attended by firms on the Marsden Building Society conveyancing panel. We do intend to run specific lender focused seminars in the coming months including a webinar on Marsden Building Society’s obligations . Practitioners on the Marsden Building Society conveyancing panel will be invited . Further details will be communicated as part of the LENDERmonitor Alerts .

Am I obliged, being on the Marsden Building Society conveyancing panel, to carry out a flood search?

Marsden Building Society make no specific obligation to carry out any of the searches listed. The BSA Mortgage Instructions simply states that ‘you must ensure that any other searches which may be appropriate to the particular property, taking into account its locality and other features are carried out’.

Remember that most ‘less usual searches’ (as described in the Law Society’s Conveyancing Handbook) are not optional as far as Marsden Building Society are concerned if they are ‘appropriate’. Most lenders will not require environmental searches (you should Check the Marsden Building Society Specific Requirements of BSA Handbook to be sure), but you are obliged to explain risks and availability to the client.

Ground stability, Plansearch,flood searches as well as the searches listed in the question are optional – but only to the extent that you have allowed the borrower client to make an informed choice. Regardless of whether there is a mortgage, If you have not advised the client that these (and other) searches are available and what risks they cover, then you will be liable if the client suffers loss through not conducting one.

What type of firms do building societies accept on their conveyancing panel?

In the same way that there is a unique Marsden Building Society conveyancing panel most building societies, operate a conveyancing panel for solicitors and other conveyancers that the lender will instruct. Terms and Conditions and criteria for inclusion on a building society conveyancing panel vary from lender-to-lender. Having CQS accreditation may be a requirement.

Institutional lenders, such as a building society, is a client and is entitled to instruct the solicitor or conveyancer of its choosing (who, in turn, is free to accept or refuse instructions). Therefore, if lender and borrower cannot agree which solicitor or conveyancer should represent them jointly, they would usually proceed on a separate representation basis.

I rarely receive a copy of a valuation from a lender these days. Do my Marsden Building Society conveyancing panel obligations extend to checking the valuation details where I am acting on a purchase with Marsden Building Society as the lender?

There are various requirements are to be followed if you wish to comply with your lender client’s instructions as set out in the BSA Mortgage Instructions. (a) You must take reasonable steps to verify that there are no discrepancies between the description of the property as compared to an out of date postal address or DX details.

The Council of Mortgage Lenders Handbook contains conveyancing instructions for a roof with a solar panel. Marsden 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 Marsden 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:

The firm I run is a Lexcel accredited firm on the Marsden Building Society conveyancing panel. Do you have ideas as to how we can market our firm as specialists in conveyancing in Hendon who can act for the borrower and Marsden Building Society?

12 potential conveyancing clients attempt to locate a conveyancing practitioner on the Marsden Building Society panel each month in Hendon. Please contact the team at lenderpanel.com to see how your firm can be listed by those searching for conveyancing in Hendon.

Find a Lawyer on the Marsden Building Society Approved Conveyancing Solicitors Panel

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*
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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Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors