Stafford Railway Building Society Solicitor Panel Assistance:
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.
Is it conceivable that Stafford Railway Building Society will assign a different firm on the Stafford Railway Building Society solicitor panel for a further advance during the lifetime of a mortgage ?
The BSA Mortgage Instructions applicable to a solicitor on the Stafford Railway Building Society conveyancing panel indicates that when a further advance is required for alterations or improvements to the property we will not normally instruct a member of the Stafford Railway Building Society conveyancing panel but if you are instructed the appropriate provisions of the BSA mortgage instruction will need to be adhered to .
Will the fact that my firm subscribes to Alerts via this site help in my application to join the Stafford Railway Building Society solicitor panel?
The criteria to join the Stafford Railway Building Society conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
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 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.
- 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.
- 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
- 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
My firm is on the Stafford Railway Building Society conveyancing panel. I am
dealing with Stafford Railway Building Society mortgage on a purchase. My
borrower client is asking not to disclose an issue to Stafford Railway Building Society. What do I do in this conflict situation?
When a solicitor is acting for both Stafford Railway 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 Stafford Railway Building Society and it may well be prudent for you to cease to act for the purchaser as well. You must not inform Stafford Railway 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 Stafford Railway Building Society conveyancing panel status.
Are figures published disclosing the Stafford Railway Building Society conveyancing panel size as well as the number of conveyancing firms removed from their panel each quarter?
With mortgage companies and property lawyers working so closely together it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the Stafford Railway Building Society conveyancing panel but for all bank panel listings
The CML Handbook includes instructions for a property with a solar panel. Stafford Railway Building Society 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 Stafford Railway 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:
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
