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 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.

Are the BSA planning on creating a search tool with a view to list firms on the Marsden Building Society conveyancing panel ?

We are not aware of any plans on the part of the BSA to develop such a register .

As a practice on the Marsden Building Society conveyancing panel who should we communicate with should we have a question conerning the BSA Specific Requirements ?

If you are a conveyancer and have a question about the instructions, you should make contact with Marsden Building Society. The BSA will not advise or comment on specific queries relating to Marsden Building Society or other lenders.

A recent SRA survey reveals that three quarters of solicitors have been removed or threatened with removal from a lender conveyancing panel. Marsden Building Society and other building societies have restricted their panel over the years. Why?

The feeling from lenders generally (we can not speak for Marsden Building Society specifically), is that for too long solicitors have concentrated on their duty of care to their purchasing client, and have paid scant attention to the duty they owe to the lender, whom they conveniently forget is also their client.

Looking from the lenders’ perspective, it has to be said that there are pressures to encourage smaller panels. The Financial Services Authority regards the open panel system as a major contributor to mortgage fraud and negligence cases, and has been leaning on lenders to move to proactive panel management, which is more expensive the larger the panel. Hence it is becoming more common for lenders to charge fees, and/or require extensive form-filling, from would-be panel members

Marsden Building Society and other BSA lenders are in varying stages of reviewing their approach to vetting firms on their conveyancing panels, to ensure their ongoing exposure to unsuitable firms is reduced.

Are the Council of Licensed Conveyancers taking any action to protect licensed conveyancers from being removed from lender panels?

The CLC has initiated discussions with lenders 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. It is likely that that the CLC have been in touch with lenders such as Marsden Building Society in the recent past

Who do building societies accept on their approved solicitor 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.

Prime Professional’s PI Insurance renewal form enquires if my practice had been removed off any lender panels in the last year . I recently found out that the practice is no longer on the Marsden Building Society conveyancing panel? Is this likely to impact my PII cover?

The best placed professionals to answer this question are your insurance brokers. The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for Marsden Building Society solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

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

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

Find solicitors on the Marsden Building Society panel near you:

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