Stafford Railway Building Society Solicitor Panel Information:
What are the Stafford Railway 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:
The Society uses Legal Marketing Services Ltd (LMS) for its panel arrangements.
You must also comply with the terms and conditions of your Stafford Railway Building Society solicitor panel appointment.
I am on the Stafford Railway Building Society conveyancing panel. Can I get an archived copy of Stafford Railway Building Society Specific Requirements from the BSA?
The BSA, as is the case with the CML do not maintain historic of Specific Requirements. We would recommend you contact Stafford Railway Building Society direct.
Are the BSA planning on creating a online directory to list solicitors on the Stafford Railway Building Society conveyancing panel ?
Lexsure has not been advised of any intention on the part of the BSA to develop such a search facility .
Am I obliged,
being on the Stafford Railway Building Society conveyancing panel, to carry out an Lender Policy search?
Stafford Railway 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 Stafford Railway Building Society are concerned if they are ‘appropriate’. Most lenders will not require environmental searches (you should Check the Stafford Railway 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 reports are available via COMPLETIONmonitor to assist my application to be on the Stafford Railway 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. seen in person)
Are there conditions, outside the BSA Mortgage Instructions, that a
firm should be aware of when on the Stafford Railway Building Society
conveyancing panel?
In order to be on the Stafford Railway 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 Stafford Railway Building Society) are as follows:
- 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
- Without prejudice to your obligation to comply in full with the Safeguards provisions in the BSA Lenders’ Handbook, to report to us as soon as possible any suspicion that you have about the genuineness of any transaction in any respect.
- If you are a sole practitioner, to arrange for appropriate locum cover from our panel where necessary. Your locum must be a member of the Conveyancing panel.
- You have the consent of all borrowers to apply for the deeds, before making any request for deeds. We will accept your request for deeds on the understanding that you have obtained such consent. If this is not the case then you should advise our Deeds Services Department in writing when you make your request
- To quote on all communications with us relating to registration 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.
My practice have never been on the Stafford Railway Building Society solicitor panel as well other banks . My clients, who are getting a mortgage with Stafford Railway Building Society wish use my firms conveyancing services regardless of the fact that we are not on the Stafford Railway Building Society panel. Is it fine for me to use a firm down the road to represent Stafford Railway Building Society on mortgage aspect of the conveyancing?
Please tread carefully here as what you are proposing may not be acceptable to the lender.
It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. An increasing amount of lenders are making it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender will appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancing firm.
You also need to make the costs implications and potential for delay very clear to your 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 Stafford Railway Building Society Approved Conveyancing Solicitors Panel
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Average number of days to register title including a charge in favour of Stafford Railway 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 Stafford Railway Building Society Firms
- Draft Report on Title precedent for Stafford Railway Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Stafford Railway Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Stafford Railway Building Society lender panel
- Buy-to-Let help for Stafford Railway Building Society
- Consent-to-Let help for Stafford Railway Building Society
- Contractor Mortgages with Stafford Railway Building Society
