Looking for information about your firm's panel status?
MBS Lending Ltd Conveyancing Panel Information:
What are the MBS Lending Ltd 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:
All conveyancers are subject to panel requirements and must be approved onto the MBS Lending's conveyancing panel. Please refer to the mortgage completions team if further information is required.
You must also comply with the terms and conditions of your MBS Lending Ltd solicitor panel appointment.
I am on the MBS Lending Ltd conveyancing panel. Can I get an archived copy of MBS Lending Ltd Specific Requirements from the BSA?
The BSA, as is the case with the CML do not maintain historic of Specific Requirements. We would advise that you make a request of MBS Lending Ltd directly.
Can my firm make a complaint to the BSA about being removed excluded suspended from the MBS Lending Ltd conveyancing panel?
The BSA is an association rather than a regulator and therefore will not investigate grievances against lenders. You can of course contact us to see if we can help.
What sort of information are Lenders such as MBS Lending Ltd are asking for when it comes to applying to be on their approved conveyancing panel?
Criteria differ from lender to lender.
We do not hold specific requirements relating to the questions raised as part of the application to be on the MBS Lending Ltd conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):
- Structure of firm and, where applicable, its group
- Charge registration history
- Number of lender conveyancing panels the firm is currently on
- House price discrepancies (declared to lender vs. registered at Land Registry)
- List of all those who can sign off the Certificate Of Title
- Whether the firm has ever knowingly accepted instructions on transactions involving Sale and Rent Back, Back to Back, Exchange and Delayed Completion and Lease Option, Below Market Value.
- Summary of annual accounts
- List of all those who fund the firm, including non-lawyers if applicable
- Full career history for each solicitor including admission date to the relevant Law Society
What reports are available via COMPLETIONmonitor to assist my appeal to be reinstated on the MBS Lending Ltd 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. existing client )
Do publish figures exists regarding the MBS Lending Ltd conveyancing panel size and the number of conveyancing firms removed from their panel each quarter?
With mortgage companies and conveyancing firms working so closely with one another it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the MBS Lending Ltd conveyancing panel but for all lender panels
The CML Handbook contains conveyancing instructions for a property with a solar panel. MBS Lending Ltd do not set out 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 MBS Lending Ltd 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 MBS Lending Ltd Conveyancing Panel
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Average number of days to register title including a charge in favour of MBS Lending Ltd
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 MBS Lending Ltd Firms
- Draft Report on Title precedent for MBS Lending Ltd borrowers
- Draft Anti Money Laundering PolicyTemplate for MBS Lending Ltd panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the MBS Lending Ltd lender panel
- Buy-to-Let help for MBS Lending Ltd
- Consent-to-Let help for MBS Lending Ltd
- Contractor Mortgages with MBS Lending Ltd
