Looking for information about your firm's panel status?
Marsden Building Society Solicitor Panel Assistance:
What are the Marsden Building Society conveyancing panel arrangements?
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.
I am on the Marsden Building Society conveyancing panel. Can I get an archived copy of Marsden Building Society Specific Requirements from the BSA?
The BSA, as is the case with the CML do not hold duplicates of Specific Requirements. The BSA recommend you make a request of Marsden Building Society directly.
Being a firm on the Marsden Building Society solicitor panel who do I communicate with if I have a query about the BSA conveyancing instructions ?
If you are a conveyancer and have a query relating to 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.
Will the fact that my practice subscribes to LENDERmonitor Alerts help in my application to join the Marsden Building Society solicitor panel?
The requirements to join the Marsden Building Society conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
I recently attended a seminar arranged via my PI broker where it was mentioned that solicitors are being sued for non-compliance with BSA Mortgage Instructions. I am on the Marsden Building Society conveyancing panel. Can you tell me how many Specific Requirement changes took place by Marsden Building Society during 2013?
During this period 6 sections of the BSA Mortgage Instructions were changed by Marsden Building Society. Some changes are more important than others but as a firm on the Marsden Building Society conveyancing panel you are of course obliged to comply with individual lender requirements. Locktons have recently pointed out in an article that non-compliance with lender requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.
Remember: BSA requirements are not guidelines; they are the lender client’s instructions.
I have been a qualified solicitor for approximately 25 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.
JLT’s PII renewal form asks if my practice had been removed off any bank panels in the last year . I just found out that the practice is no longer on the Marsden Building Society solicitor panel? Is this likely to effect my insurance?
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
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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
