Looking for information about your firm's panel status?
Marsden Building Society Solicitor Panel Assistance:
What are the Marsden 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 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.
Being on the Marsden Building Society conveyancing panel how long am I expected to retain the complete conveyancing file?
The BSA Mortgage Instructions state that the firm must keep the file for at least 6 years from the date of the mortgage. Data imaging is normally suitable
compliance with this requirement. As a firm on the Marsden Building Society conveyancing panel you must allow Marsden Building Society to conduct such reasonable audit of your
information security measures as Marsden Building Society or their
agents may to ensure your compliance with your file retention
obligations.
Are the Council of Licensed Conveyancers taking any action to protect licensed conveyancers from being removed from lender panels?
As is the case with the Law Society the Council of Licensed Conveyancers has begun discussions with banks and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than ad hoc arrangements that can differ from lender to lender. We expect that that the CLC have been in touch with lenders such as Marsden Building Society as well as the CML
What reports are available via COMPLETIONmonitor to assist my appeal to be reinstated on the Marsden Building Society 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 (purchase and remortgage)
- 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. seen in person)
I have been a qualified solicitor for approximately 20 years without a single claim against me and have been refused acceptance on the Marsden Building Society conveyancing panel with no explanation. Am I not entitled to know why?
Participation on the lender's panel of conveyancers is at the absolute
discretion of the the lender. The days of open panels are now long
gone. Many lenders reserve the right to accept or reject any
application without giving any reason. You should check your original
application to join the Marsden Building Society conveyancing panel
to see if you are entitled to a reason.
I rarely receive a copy of a valuation from a lender these days. Does the extent of 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 their old address.
Are figures published revealing the Marsden Building Society conveyancing panel size as well as the number of conveyancing firms removed from their panel each quarter?
With mortgage companies and conveyancers 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 Marsden Building Society conveyancing panel but for all lender panels
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
