Stafford Railway Building Society Solicitor Panel Information:
What are the Stafford Railway 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.
You must also comply with the terms and conditions of your Stafford Railway Building Society solicitor panel appointment.
Can a firm register a complaint to the BSA about being removed excluded suspended from the Stafford Railway Building Society conveyancing panel?
The BSA is not a regulator and therefore will not advise on complaints against lenders. You can of course contact us to see if we can assist.
Being a lawyer on the Stafford Railway Building Society conveyancing panel who should we contact should we have a question conerning the instructions ?
If you are a conveyancer and have a query about the instructions,
you should make contact with Stafford Railway Building Society. The BSA will not advise or comment on specific queries relating to Stafford Railway Building Society or other lenders.
What information is 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 (broken down into sale)
- 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. existing client )
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:
- 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.
- 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.
- 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.
- 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
I have read a number of legal articles recently about firms being sued for non-compliance with BSA Mortgage Instructions. I am on the Stafford Railway Building Society conveyancing panel. Can you tell me how many Specific Requirement changes took place by Stafford Railway Building Society during 2013?
During this period 2 sections of the BSA Mortgage Instructions were changed by Stafford Railway Building Society. Some changes are more important than others but as a firm on the Stafford Railway 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.
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* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [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
